reserve currency depreciation, and forgone gains from investment and social expenditures that could be financed by these … reserve accumulation with a focus on the impact on the exchange rate, inflation, and public and private investment. While the …. -- external reserves ; exchange rate appreciation ; sub-Saharan Africa ; private and public investment ; macroeconomic …

emerging markets. The paper measures the risk of short-term exposure by estimating, at the firm level, the effect on investment … not find that this reduction in net worth translates into a drop in investment. -- maturity mismatch ; investment …

sense of very high investment and very low consumption, giving rise to rapid capital accumulation; and an imbalance between … investment if it generates excess liquidity and asset bubbles. The current account surplus rose remarkably in the years 2004 …

) housing investment is about five times as volatile as output and (ii) housing investment tends to be more volatile in … investment volatility in the UK economy …

that foreign reserve accumulation is part and parcel of a growth strategy based on strong capital investment in a …

. We measure the risk of maturity mismatch by estimating, at the firm level, the effect on investment of the interaction of … a drop in investment or sales …

Using firm-level data for 18 major global economies, we find that the exchange rate affects corporate investment … through a financial channel: exchange rate depreciation dampens corporate investment through firm leverage and FX debt. These … findings are consistent with the predictions of a stylised model of credit risk in which exchange rates can affect investment …

provides an exhaustive analysis of casuality between aggregate private investment and financial development. GMM estimation on …

This paper proposes a novel channel, i.e., within-firm intangible-tangible investment composition, through which … tangibles and the unit-cost differential, which triggers within-firm investment reallocation. It turns out that allocative … domestic investment, the larger the financial inflows, the more likely the productivity eventually exceeds its initial level …