Foreign Direct Investment Other Capital Flows And Current Account Deficits
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Foreign Direct Investment Other Capital Flows And Current Account Deficits
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Author : Maxwell J. Fry
language : en
Publisher: World Bank Publications
Release Date : 1995
Foreign Direct Investment Other Capital Flows And Current Account Deficits written by Maxwell J. Fry and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Capital movements categories.
Foreign Direct Investment Other Capital Flows And Current Account Deficits
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Author : Maxwell J. Fry
language : en
Publisher:
Release Date : 2005
Foreign Direct Investment Other Capital Flows And Current Account Deficits written by Maxwell J. Fry and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
The more liberal a country's foreign exchange system, the more foreign direct investment is likely to be independent of current account and other capital flows.Fry, Claessens, Burridge, and Blanchet examine flows of foreign direct investment to 46 developing countriesto test whether such flows are autonomous or accommodating vis-a-vis the current account and other capital flows.Using Granger-causality tests, they find that:Requirements to surrender export proceeds to the monetary authorities and the existence of special exchange rates for some capital account transactions reduce the probability that foreign direct investment is independent.The more liberal a country`s foreign exchange system, the more foreign direct investment is likely to be independent or exogenous.Foreign direct investment is associated with a larger increase in capital formation when it is independent than when it is Granger-caused by other capital flows.This paper - a product of the Debt and International Finance Division, International Economics Department - is part of a larger effort in the department to study the determinants and impact of foreign direct investment. The study was funded by the Bank's Research Support Budget under the research project quot;Foreign Direct Investment in a Macroeconomic Frameworkquot; (RPO 678-15).
Foreign Direct Investment Other Capital Flows And Current Account Deficits
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Author : J. Maxwell Fry
language : en
Publisher:
Release Date : 1999
Foreign Direct Investment Other Capital Flows And Current Account Deficits written by J. Maxwell Fry and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
October 1995 The more liberal a country's foreign exchange system, the more foreign direct investment is likely to be independent of current account and other capital flows. Fry, Claessens, Burridge, and Blanchet examine flows of foreign direct investment to 46 developing countriesto test whether such flows are autonomous or accommodating vis-á-vis the current account and other capital flows. Using Granger-causality tests, they find that: * Requirements to surrender export proceeds to the monetary authorities and the existence of special exchange rates for some capital account transactions reduce the probability that foreign direct investment is independent. * The more liberal a country's foreign exchange system, the more foreign direct investment is likely to be independent or exogenous. * Foreign direct investment is associated with a larger increase in capital formation when it is independent than when it is Granger-caused by other capital flows. This paper -- a product of the Debt and International Finance Division, International Economics Department -- is part of a larger effort in the department to study the determinants and impact of foreign direct investment. The study was funded by the Bank's Research Support Budget under the research project Foreign Direct Investment in a Macroeconomic Framework (RPO 678-15).
The Landscape Of Capital Flows To Low Income Countries
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Author : Sukhwinder Singh
language : en
Publisher: International Monetary Fund
Release Date : 2008-02-01
The Landscape Of Capital Flows To Low Income Countries written by Sukhwinder Singh and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-02-01 with Business & Economics categories.
This paper reviews trends in capital flows and capital-like flows such as official grants and remittances to low-income countries over the period 1981-2006. The survey reveals a broadbased increase in such flows as a share of low-income country GDP across major regions, countries with differing commodity export composition, and countries with differing debt relief status. The increase in inflows is dominated by an increase in private sector inflows, mostly in the form of private transfers and foreign direct investment. Official sector inflows have remained comparatively constant as a share of low-income country GDP and even declined in the most recent years. The paper concludes with some tentative policy conclusions and has a discussion of data issues in the annexes.
International Capital Flows
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Author : Martin Feldstein
language : en
Publisher: University of Chicago Press
Release Date : 2007-12-01
International Capital Flows written by Martin Feldstein and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-01 with Business & Economics categories.
Recent changes in technology, along with the opening up of many regions previously closed to investment, have led to explosive growth in the international movement of capital. Flows from foreign direct investment and debt and equity financing can bring countries substantial gains by augmenting local savings and by improving technology and incentives. Investing companies acquire market access, lower cost inputs, and opportunities for profitable introductions of production methods in the countries where they invest. But, as was underscored recently by the economic and financial crises in several Asian countries, capital flows can also bring risks. Although there is no simple explanation of the currency crisis in Asia, it is clear that fixed exchange rates and chronic deficits increased the likelihood of a breakdown. Similarly, during the 1970s, the United States and other industrial countries loaned OPEC surpluses to borrowers in Latin America. But when the U.S. Federal Reserve raised interest rates to control soaring inflation, the result was a widespread debt moratorium in Latin America as many countries throughout the region struggled to pay the high interest on their foreign loans. International Capital Flows contains recent work by eminent scholars and practitioners on the experience of capital flows to Latin America, Asia, and eastern Europe. These papers discuss the role of banks, equity markets, and foreign direct investment in international capital flows, and the risks that investors and others face with these transactions. By focusing on capital flows' productivity and determinants, and the policy issues they raise, this collection is a valuable resource for economists, policymakers, and financial market participants.
Foreign Direct Investment In A Macroeconomic Framework
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Author : Maxwell J. Fry
language : en
Publisher: World Bank Publications
Release Date : 1993
Foreign Direct Investment In A Macroeconomic Framework written by Maxwell J. Fry and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Developing countries categories.
Does foreign direct investment affect national saving both directly and indirectly through the rate of economic growth? It depends on which countries you're talking about. Pacific Basin countries appear to differ markedly from some other developing countries.
Capital Account Regimes And The Developing Countries
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Author : Gerald K. Helleiner
language : en
Publisher: Springer
Release Date : 2016-07-27
Capital Account Regimes And The Developing Countries written by Gerald K. Helleiner and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-07-27 with Business & Economics categories.
An authoritative assessment of the debate over the role of volatile private capital flows and their impact on developing countries. The book outlines the long history of concern about these issues, going back to preparations for the Bretton Woods agreement. It assesses their acceleration with the growth of international capital and looks at key case studies from Latin America, Asia and Africa to assess the possibilities and problems for national and international policy responses.
Development Centre Studies Capital Flows And Investment Performance Lessons From Latin America
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Author : French-Davis Ricardo
language : en
Publisher: OECD Publishing
Release Date : 1998-10-09
Development Centre Studies Capital Flows And Investment Performance Lessons From Latin America written by French-Davis Ricardo and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-10-09 with categories.
This book, the result of a joint project between the OECD Development Centre and the UN Economic Commission for Latin America and the Caribbean (ECLAC), examines the policies of a group of major Latin American countries faced with large inflows.
International Capital Flows And Development
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Author : Mr.Thierry Tressel
language : en
Publisher: International Monetary Fund
Release Date : 2010-10-01
International Capital Flows And Development written by Mr.Thierry Tressel and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-10-01 with Business & Economics categories.
Does capital flow from rich to poor countries? We revisit the Lucas paradox and explore the role of capital account restrictions in shaping capital flows at various stages of economic development. We find that, when accounting for the degree of capital account openness, the prediction of the neoclassical theory is confirmed: less developed countries tend to experience net capital inflows and more developed countries tend to experience net capital outflows, conditional of various countries’ characteristics. The findings are driven by foreign direct investment, portfolio equity investment, and to some extent by loans to the private sector.
Capital Flows In Central And Eastern Europe
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Author : Ms.Ratna Sahay
language : en
Publisher: International Monetary Fund
Release Date : 1995-06-01
Capital Flows In Central And Eastern Europe written by Ms.Ratna Sahay and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-06-01 with Business & Economics categories.
This paper examines the nature and composition of capital flows in selected countries in Central and Eastern Europe during 1987–93. The data show that there was a remarkable turnaround in the capital account in 1992–93. This improvement was accompanied by widening current account deficits, an increase in real consumption, and real exchange rate appreciation. In light of these developments, the paper discusses the main macroeconomic concerns raised by capital inflows and lays out the principal policy options relevant for the transition economies.