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direct investment, portfolio equity, debt, remittance, and aid flows) in a large sample of emerging market and developing …
Persistent link: https://www.econbiz.de/10012694652
This paper investigates to what extent low-income developing countries (LIDCs) characterized as frontier markets (FMs) have begun to be subject to capital flows dynamics typically associated with emerging markets (EMs). Using a sample of developing countries covering the period 2000-14, we show...
Persistent link: https://www.econbiz.de/10012115095
process of financial globalization. Our central findings indicate that policies promoting financial sector development …, institutional quality, and trade openness appear to help developing countries derive the benefits of globalization. Similarly, sound … unavoidable inherent tensions in evaluating the risks and benefits associated with financial globalization. In the light of these …
Persistent link: https://www.econbiz.de/10014025737
the order since World War II, have struggled to recover from the crisis. By contrast, most emerging and developing …
Persistent link: https://www.econbiz.de/10014186378
Cross-country regressions suggest little connection from foreign capital inflows to more rapid economic growth for developing countries and emerging markets. This suggests that the lack of domestic savings is not the primary constraint on growth in these economies, as implicitly assumed in the...
Persistent link: https://www.econbiz.de/10013325245
We document the recent phenomenon of uphill flows of capital from nonindustrial to industrial countries and analyze whether this pattern of capital flows has hurt growth in nonindustrial economies that export capital. Surprisingly, we find that there is a positive correlation between current...
Persistent link: https://www.econbiz.de/10013316680
the management, capital structure, investment strategy and portfolio allocation of the surveyed blended finance funds and … shedding light on additional aspects (e.g. investors, clients and investment instruments). …
Persistent link: https://www.econbiz.de/10012137012
We examine 994 estimates of the effects of IMF programs on economic growth as reported by 36 studies. The mean reported effect is positive, but the estimates vary widely. We use meta-regression analysis to disentangle sources of this variation, addressing model uncertainty with Bayesian Model...
Persistent link: https://www.econbiz.de/10013241983
Since the introduction of the Structural Adjustment Programs and subsequent World Bank and the IMF economic adjustment … that the Neo-liberal economic philosophies of the World Bank and the IMF have continued to damage countries, governments … economic crisis. In doing so, this paper argues that the implementation of World Bank and IMF policies have contributed …
Persistent link: https://www.econbiz.de/10014030712
investment crowds out about 80-90 percent of domestic government spending on public investment. Aid does not affect private … investment, but has a strong positive impact on household consumption. The results are also robust to checks for causality. These … findings are significant, since more than two-thirds of all aid flows to developing countries are tied to public investment …
Persistent link: https://www.econbiz.de/10013115601