Showing 1 - 10 of 25
the acceding countries, as reflected in protracted negotiations. We study the growth and investment consequences of WTO …
Persistent link: https://www.econbiz.de/10012758061
Do middle-income countries face difficult challenges producing consistent growth? Using transition matrix analysis, we …
Persistent link: https://www.econbiz.de/10012963748
growth and volatility in developing countries. The results suggest that it is difficult to establish a robust causal … relationship between financial integration and economic growth. Furthermore, there is little evidence that developing countries … have been consistently successful in using financial integration to stabilize fluctuations in consumption growth. However …
Persistent link: https://www.econbiz.de/10013106022
. In terms of drivers of innovation growth, we find that embracing expanded market opportunities in the world economy and …After more than three decades of high growth that was based on an exploration of its low-wage advantage and a … at a crossroad with a much higher wage and a shrinking work force. Future growth by necessity would have to depend more …
Persistent link: https://www.econbiz.de/10012978531
While new conventional wisdom warns that developing countries should be aware of the risks of premature capital account liberalization, the costs of not removing exchange controls have received much less attention. This paper investigates the negative effects of exchange controls on trade. To...
Persistent link: https://www.econbiz.de/10012760195
The historical frequency of banking crises is quite similar in high- and middle-to-low-income countries, with quantitative and qualitative parallels in both the run-ups and the aftermath. We establish these regularities using a unique dataset spanning from Denmark's financial panic during the...
Persistent link: https://www.econbiz.de/10012765571
This paper proposes a simple model to study the relationship between domestic institutions - financial system, corporate governance, and property rights protection - and patterns of international capital flows. It studies conditions under which financial globalization can be a substitute for...
Persistent link: https://www.econbiz.de/10012776812
International capital flows, while potentially beneficial, are said to increase a country's vulnerability to crisis - especially if they are skewed to non-FDI types. This paper studies whether the volume and composition of capital flows affect the degree of credit crunch faced by a country's...
Persistent link: https://www.econbiz.de/10013151647
Dollarization, in a broad sense, is increasingly a defining characteristic of many emerging market economies. How important is this trend quantitatively and how important is it for the conduct of monetary policy and the choice of exchange rate regimes? Though these questions have become a hot...
Persistent link: https://www.econbiz.de/10013228046
International lending to a less-developed country cannot be based on the debtor's reputation for making repayments. That is, loans to LDCs will not be made or repaid unless foreign creditors have legal or other direct sanctions they can exercise against a sovereign debtor who defaults Even if...
Persistent link: https://www.econbiz.de/10013244117