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Labor Market Implications of Switching the Currency Peg in a General Equilibrium Model for Lithuania

Pizzati, Lodovico - 2013

On February 2, 2002, Lithuania switched its currency anchor from the dollar to the euro. While pegging to the dollar (since April 1994) has proven successful throughout the transition years, the recent decision to peg to the euro was motivated by the increasing trade relations with European...

Persistent link: https://www.econbiz.de/10012559590

The Art of Currency Manipulation : How to Profiteer by Deliberately Distorting Exchange Rates

Basu, Kaushik - 2014

A frequent charge in foreign exchange markets in developing countries is that of manipulators being at work. Since to buy is to raise prices and to sell is to lower prices, the question that naturally arises is whether the widespread charge of market manipulation is valid. The paper shows that...

Persistent link: https://www.econbiz.de/10012560728

Exchange Rate Flexibility and the Effect of Remittances on Economic Growth

Lartey, Emmanuel - 2016

This paper studies the question of whether exchange rate policy affects the impact of remittances on economic growth in recipient countries. The paper utilizes a comprehensive data set that comprises annual observations for 135 developing and transition countries, spanning 1970-2007. The data...

Persistent link: https://www.econbiz.de/10012570653

Is There Room for Foreign Exchange Interventions Under an Inflation Targeting Framework? Evidence from Mexico and Turkey

Doma??, Ilker; Mendoza Velázquez, Alfonso - 2013

The salient characteristics of emerging market economies coupled with the increasing adoption of inflation targeting in these countries has stimulated much debate about the role of the exchange rate in inflation targeting regimes. The authors aim at shedding more light on this issue by...

Persistent link: https://www.econbiz.de/10012559725

Administrative Barriers to Foreign Investment in Developing Countries

Morisset, Jacques; Lumenga-Neso, Mbuku Olivier - 2013

Recent international experience has shown that excessively complex administrative procedures, required to establish, and operate a business, discourage inflows of foreign direct investment. The authors present a new database on the administrative costs faced by private investors in 32 developing...

Persistent link: https://www.econbiz.de/10012559607

Greenfield Foreign Direct Investment and Mergers and Acquisitions : Feedback and Macroeconomic Effects

Calder??n, C??sar; Loayza, Norman; Serv??n, Luis - 2013

Foreign direct investment (FDI) flows to developing countries surged in the 1990s to become their leading source of … external financing. This rise in FDI volume was accompanied by a marked change in its composition: investment taking the form … ("greenfield" FDI), particularly in countries undertaking extensive privatization of public enterprises. This raises two issues …

Persistent link: https://www.econbiz.de/10012559631

Investment Climate and International Integration

Dollar, David; Hallward-Driemeier, Mary; Mengistae, Taye - 2013

Drawing on recently completed firm-level surveys in Bangladesh, Brazil, China, Honduras, India, Nicaragua, Pakistan, and Peru, this paper investigates the relationship between investment climate and international integration. These standardized surveys of large, random samples of firms in common...

Persistent link: https://www.econbiz.de/10012559770

The Effects of Country Risk and Conflict on Infrastructure PPPs

Araya, Gonzalo; Schwartz, Jordan; Andrés, Luis - 2013

Through an empirical analysis of the relationship between private participation in infrastructure and country risk, the paper shows that country risk ratings are a reliable predictor of infrastructure investment levels in developing countries. The results suggest that a difference of one...

Persistent link: https://www.econbiz.de/10012560172

Attracting Foreign Direct Investment : What Can South Asia's Lack of Success Teach Other Developing Countries?

Gould, David; Tan, Congyan; Sadeghi Emamgholi, Amir S. - 2014

Like many other developing countries, South Asian nations have been experiencing increased foreign direct investment inflows over the past decade as developing countries get a larger share of cross-border investments that were once sent to developed countries. Nonetheless, South Asia's inflows...

Persistent link: https://www.econbiz.de/10012560804

FDI Spillovers and High-Growth Firms in Developing Countries

Reyes, José-Daniel - 2017

transmission channel. FDI embedded in global value chains generates larger spillovers to high-growth domestic firms than investment … that seeks to serve the host economy. There is no evidence that natural resource-seeking FDI generates spillovers. The …

Persistent link: https://www.econbiz.de/10012569708