International Capital Flows And Development
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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.
International Capital Flows And Development
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Author : Dennis Reinhardt
language : en
Publisher:
Release Date : 2013
International Capital Flows And Development written by Dennis Reinhardt and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
International Capital Flows And The Lucas Paradox
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Author : Muhammad Akhtaruzzaman
language : en
Publisher: Springer
Release Date : 2019-06-21
International Capital Flows And The Lucas Paradox written by Muhammad Akhtaruzzaman and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-06-21 with Business & Economics categories.
This book offers a comprehensive analysis of the debates on international capital flows, and presents a new evidence-based answer to the long-standing question of why capital doesn’t tend to flow from rich to poor countries as predicted by standard neoclassical theory – a puzzle known as the Lucas paradox. Further, the book reviews alternative approaches to conventional estimates of the marginal product of capital (MPK) and considers whether these estimates actually help us understand observed international capital flows. A rigorous quantitative approach is subsequently used to provide clear empirical evidence on the determinants of capital flows across borders. The findings of this empirical analysis suggest that generous economic policies on capital account convertibility are more influential than differences in institutional quality in terms of determining international capital flows. In closing, the relative importance of various types of political risk (e.g. expropriation and corruption) is examined. After determining that expropriation risk has one of the greatest effects on foreign direct investment (FDI), the book proposes an appealingly intuitive explanation for the lack of FDI flows to many capital-scarce developing countries.
Private Capital Flows And Development
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Author : Gerald K. Helleiner
language : en
Publisher: Commonwealth Secretariat
Release Date : 1998
Private Capital Flows And Development written by Gerald K. Helleiner and has been published by Commonwealth Secretariat this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Business & Economics categories.
This paper considers the new forms and roles of private capital flows to developing countries in the 1990s and appropriate national and international policy responses to the problems and possibilities they create. Section 2 describes the growth of these flows in the 1990s, their role in development and some of their effects in recipient countries. Section 3 considers alternate capital account policies for developing countries. In section 4 the possibility of improved international arrangements is considered. Section 5 contains recommendations from the previous analysis.
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.
International Capital Movements In The Seacen Countries
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Author : Bambang Sindu Wahyudi
language : en
Publisher:
Release Date : 1990
International Capital Movements In The Seacen Countries written by Bambang Sindu Wahyudi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Capital movements categories.
Growth From International Capital Flows
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Author : Antu Panini Murshid
language : en
Publisher: International Monetary Fund
Release Date : 2011-04-01
Growth From International Capital Flows written by Antu Panini Murshid 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 2011-04-01 with Business & Economics categories.
Recent commentary has downplayed the growth dividend from international financial integration, highlighting the possibly negative correlation between capital inflows and long-run growth. This paper presents new evidence consistent with standard economic theory and a more benign interpretation of cross-border private capital flows. The key observation is that a country’s growth volatility changes over time. With volatility below a threshold, an inflow of foreign capital has promoted growth. However, during periods of volatile growth, more flows have been associated with slower growth. Volatility levels and changes reflect an interaction of domestic production and institutional structures with global factors.
Capital Flows To Developing Countries And The Reform Of The International Financial System
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Author : Yilmaz Akyüz
language : en
Publisher:
Release Date : 2000
Capital Flows To Developing Countries And The Reform Of The International Financial System written by Yilmaz Akyüz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Capital movements categories.
International Capital Flows
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Author : Punam Chuhan
language : en
Publisher:
Release Date : 1996
International Capital Flows written by Punam Chuhan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Capital movements categories.
Capital Without Borders
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Author : Ashwini Deshpande
language : en
Publisher: Anthem Press
Release Date : 2011-10
Capital Without Borders written by Ashwini Deshpande and has been published by Anthem Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-10 with Business & Economics categories.
This volume examines a plethora of issues related to international capital flows, including the inevitable crisis that arises from the absorption of large volumes of capital inflow; the vast difference between foreign portfolio investment and foreign direct investment (FDI) from the point-of-view of the recipient country; the impact of different regulatory mechanisms; and various policy options for developing countries in the face of fluid international capital movements.