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Costs of Foreign Capital Flows in Emerging Market Economies : Unexpected Economic Growth and Increased Financial Market Volatility
Yoon, Kyoungsoo - 2015
The high volatility of economic growth and financial markets in emerging market economies following large swings in … volatility. We find that FDI and foreign bank loans are positively associated with unexpected GDP growth on a contemporaneous … basis, while increases in foreign bond and equity investment induce lower GDP growth than expected in the following year.Volatility …
Persistent link: https://www.econbiz.de/10013018654
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Trade Liberalization Sequence for Sustained Economic Growth
Mo, Pak-Hung - 2011
This paper delivers a simple model to generalize the successful trade liberalization experiences in East Asian countries as a strategy for attaining inclusive and sustained economic growth. The sequential approach, based on preserving existing production units while liberalizing trade-oriented...
Persistent link: https://www.econbiz.de/10013131228
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The Effect of Nominal Exchange Rate Volatility on Real Macroeconomic Performance in the CEE Countries
Arratibel, Olga - 2011
This paper analyzes the relation between nominal exchange rate volatility and several macroeconomic variables, namely … rate volatility is associated with higher growth, higher stocks of FDI, higher current account deficits, and higher excess …
Persistent link: https://www.econbiz.de/10013133893
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The Effect of Nominal Exchange Rate Volatility on Real Macroeconomic Performance in the CEE Countries
Arratibel, Olga - 2012
This paper analyzes the relation between nominal exchange rate volatility and several macroeconomic variables, namely … rate volatility is associated with higher growth, higher stocks of FDI, higher current account deficits, and higher excess …
Persistent link: https://www.econbiz.de/10013109324
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Real Convergence in Central and Eastern European EU Member States : Which Role for Exchange Rate Volatility?
Arratibel, Olga - 2008
This paper analyzes the relation between exchange rate volatility and several macroeconomic variables, namely real per … find that lower exchange rate volatility is associated with higher growth (for relatively less financially developed …
Persistent link: https://www.econbiz.de/10012770727
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Hoarding of International Reserves : Mrs Machlup's Wardrobe and the Joneses
Research, Hong Kong Institute for Monetary and Financial - 2022
This working paper was written by Yin-wong Cheung (University of California, Santa Cruz) and XingWang Qian (University of California, Santa Cruz).Motivated by the observed international reserve hoarding behavior in the post-1997 crisis period, we explore the Mrs Machlup’s wardrobe hypothesis...
Persistent link: https://www.econbiz.de/10014048646
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Stagnation Vs Singularity : The Global Implications of Alternative Productivity Growth Scenarios
McKibbin, Warwick J. - 2019
Productivity growth has flat-lined in most economies despite rapid advances in technology. Economists suggest competing explanations for this paradox. Some argue the current stagnation will persist given deep structural challenges, arguing that recent technological advances are no match for...
Persistent link: https://www.econbiz.de/10012890306
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IMF Programs And Economic Growth : A Meta-Analysis
Balima, Wenéyam Hippolyte; Sokolova, Anna - 2021
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
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Financial Integration, Investment, and Economic Growth : Evidence from Two Eras of Financial Globalization
Schularick, Moritz - 2010
Does international financial integration boost economic growth? The empirical literature has not yet established a robust link between openness to the international capital market and economic growth. In this paper we turn to the economic history of the first era of financial globalization...
Persistent link: https://www.econbiz.de/10013139547
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Where Has All the Money Gone? Foreign Aid and the Composition of Government Spending
Chatterjee, Santanu - 2012
This paper examines the link between foreign aid and the composition of government spending in aid-recipient countries. Two questions are addressed: (i) does foreign aid crowd out government spending in aid-recipient countries, and (ii) does the degree of fungibility vary across different...
Persistent link: https://www.econbiz.de/10013115601