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The role of demographics in precipitating crises in financial institutions

Macunovich, Diane J. - 2009

There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...

Persistent link: https://www.econbiz.de/10010271339

Foreign Capital and Economic Growth

Prasad, Eswar S.; Rajan, Raghuram Govind; Subramanian, … - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

We document the recent phenomenon of uphill flows of capital from nonindustrial toindustrial countries and analyze whether this pattern of capital flows has hurt growth innonindustrial economies that export capital. Surprisingly, we find that there is a positivecorrelation between current...

Persistent link: https://www.econbiz.de/10005861353

Has China's Growth Gone from Miracle to Malady?

Prasad, Eswar - 2023

China's remarkable run of persistently high growth in recent decades is all the more stunning in light of the country …

Persistent link: https://www.econbiz.de/10014296884

Thresholds in the process of international financial integration

Kose, M. Ayhan; Prasad, Eswar S.; Taylor, Ashley D. - 2009

The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....

Persistent link: https://www.econbiz.de/10010269032

India's approach to capital account liberalization

Prasad, Eswar S. - 2009

In this paper, I analyze India's approach to capital account liberalization through the lens of the new literature on financial globalization. India's authorities have taken a cautious and calibrated path to capital account opening, which has served the economy well in terms of reducing its...

Persistent link: https://www.econbiz.de/10010269146

Southern African economic integration: evidence from an augmented gravity model

Warin, Thierry; Wunnava, Phanindra V.; Tengia, Optat; … - 2009

This paper investigates the feasibility of creating a common-currency union consisting of 16 countries in Southern Africa. We estimate an augmented-gravity model that includes public deficit, public debt, public expenditure, inflation, and the foreign reserves position. We also integrate...

Persistent link: https://www.econbiz.de/10010269429

Rebalancing growth in Asia

Prasad, Eswar S. - 2009

growth rates for the key emerging markets and other developing economies in Asia. China has by far the lowest share of … growth. Investment growth has dominated GDP growth in China during this decade but is also important in the cases of India …-08, household saving rates (relative to household income) have risen gradually in China and India but fallen sharply in Korea …

Persistent link: https://www.econbiz.de/10010269529

The Determinants of China's International Portfolio Equity Allocations

Agarwal, Isha; Gu, Grace Weishi; Prasad, Eswar - 2020

We analyze shifts in the structure of China's capital outflows over the past decade. The composition of gross outflows … enormous pool of domestic savings could have a significant impact on global financial markets as China continues to open up its … foreign portfolio allocations, Chinese IIs overweight sectors in which China has a comparative disadvantage. Moreover, Chinese …

Persistent link: https://www.econbiz.de/10012207682

Role reversal in global finance

Prasad, Eswar S. - 2011

I document that emerging markets have cast off their original sin their external liabilities are no longer dominated by foreign-currency debt and have instead shifted sharply towards direct investment and portfolio equity. Their external assets are increasingly concentrated in foreign exchange...

Persistent link: https://www.econbiz.de/10010282136

Southern African Economic Integration: Evidence from an Augmented Gravity Model

Warin, Thierry; Wunnava, Phanindra V.; Tengia, Optat; … - Institute for the Study of Labor (IZA) - 2009

Persistent link: https://www.econbiz.de/10004976903