Similar Search Results

Macroeconomic stability in developing countries - How much is enough?

Montiel, Peter; Serven, Luis - Economics Research, World Bank Group - 2004

In the 1990s macroeconomic policies improved in a majority of developing countries, but the growth dividend from such improvement fell short of expectations, and a policy agenda focused on stability turned out to be associated with a multiplicity of financial crises. The authors take a...

Persistent link: https://www.econbiz.de/10005133542

Inequality, the price of nontradables, and the real exchange rate : theory and cross-country evidence

Min, Hong-Ghi - Economics Research, World Bank Group - 2002

The author provides theoretical and empirical evidence of a negative association between income inequality and real … exchange rates. First, he builds a theoretical model showing the transmission mechanism from inequality to real exchange rates … negative relationship between inequality and real exchange rates does not imply that policies aimed at dramatic redistribution …

Persistent link: https://www.econbiz.de/10005079501

Can Africa export manufactures? The role of endowment, exchange rates, and transaction costs

Elbadawi, Ibrahim A. - Economics Research, World Bank Group - 1999

The author analyzes the determinants of manufactured exports in Africa and other developing countries, guided by three pivotal views on Sub-Saharan Africa's (Africa's) prospects in manufactured exports: * Adrian Woods holds that Africa cannot have comparative advantage in exports of...

Persistent link: https://www.econbiz.de/10005030430

Does the exchange rate regime affect macroeconomic performance : evidence from transition economics

Domac, Ilker; Peters, Kyle; Yuzefovich, Yevgeny - Economics Research, World Bank Group - 2001

To examine whether a country's exchange rate regime has any impact on inflation and growth performance in transition economies, the authors develop an empirical framework that addresses some of the main problems plaguing empirical work in this strand of the literature: the Lucas critique, the...

Persistent link: https://www.econbiz.de/10005128765

Single-equation estimation of the equilibrium real exchange rate

Baffes, John; Elbadawi, Ibrahim A.; O'Connell, Stephen A. - Economics Research, World Bank Group - 1997

Estimating the degree of exchange-rate misalignment remains one of the most challenging empirical problems in an open economy. The basic problem is that the value of the real exchange rate is not observable. Standard theory tells us, however, that the equilibrium real exchange rate is a function...

Persistent link: https://www.econbiz.de/10005128884

Real exchange rate uncertainty and private investment in developing countries

Serven, Luis - Economics Research, World Bank Group - 2002

The author examines empirically the link between real exchange rate uncertainty and private investment in developing countries using a large cross country-time series data set. He builds a GARCH-based measure of real exchange rate volatility and finds that it has a strong negative impact on...

Persistent link: https://www.econbiz.de/10005133755

Exchange rate overvaluation and trade protection - lessons from experience

Shatz, Howard J.; Tarr, David G. - Economics Research, World Bank Group - 2000

Despite a trend toward more flexible rates, more than half the world's countries maintain fixed or managed exchange rates. In the 1980s and 1990s, developing countries as a group progressively liberalized their trade regimes, but some governments defend their exchange rate in actions that run...

Persistent link: https://www.econbiz.de/10005134082

Output fluctuations in Latin America - what explains the recent slowdown?

Herrera, Santiago; Perry, Guillermo; Quintero, Neile - Economics Research, World Bank Group - 2000

The authors explain Latin America's growth slowdown in 1998-1999. To do so, they use two complementary methodologies. The first aims at determining how much of the slowdown can be explained by specific external factors: the terms of trade, international interest rates, spreads on external debt,...

Persistent link: https://www.econbiz.de/10005134304

Determinants of current account deficits in developing countries

Calderon, Cesar; Chong, Alberto; Loayza, Norman - Economics Research, World Bank Group - 2000

The authors examine the empirical links between current account deficits and a broad set of economic variables proposed in the literature. To accomplish this, they complement and extend previous research by using a large, consistent set of macroeconomic data on public and private domestic...

Persistent link: https://www.econbiz.de/10005141468

Financial structure and economic development - firm, industry, and country evidence

Beck, Thorsten; Demirguc-Kunt, Asli; Levine, Ross; … - Economics Research, World Bank Group - 2000

The authors explore the relationship between financial structure - the degree to which a financial system is market- or bank-based - and economicdevelopment. They use three methodologies: 1) The cross-country approach uses cross-country data to assess whether economies grow faster with market-...

Persistent link: https://www.econbiz.de/10005116605