Short And Long Run Integration
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Short And Long Run Integration
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Author : Graciela Laura Kaminsky
language : en
Publisher: World Bank Publications
Release Date : 2001
Short And Long Run Integration written by Graciela Laura Kaminsky 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 2001 with Capital market categories.
Do controls on capital flows persistently isolate domestic markets from international markets? Or is the insulation they provide just ephemeral?
Short And Long Run Integration
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Author : Graciela Kaminsky
language : en
Publisher:
Release Date : 2017
Short And Long Run Integration written by Graciela Kaminsky and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
The authors study whether capital controls affect the link between domestic and foreign stock market prices and interest rates. To examine the characteristics of international market integration and the effects of capital controls in the short and long run, they apply band-pass filter techniques to data from six emerging economics during the 1990s. They find that markets seem to be linked more at longer horizons. Equity prices seem to be more connected internationally than interest rates. They also find little evidence that controls effectively segment domestic markets from foreign markets. And when they do, the effects seem to be short-lived. Moreover, the effects of controls on outflows do not seem to differ from those of controls on inflows. For example, controls on outflows in Venezuela during the 1994 crisis, and unremunerated reserve requirements in Chile and Colombia during a capital-inflow episode, seem to have shielded domestic markets at the most at very high frequencies. The degree of financial sophistication does not seem to affect the authors' conclusion on the insulation provided by capital controls. True, more developed financial markets, such as those in Brazil, are more closely linked to international markets than those in Colombia and Venezuela, which are far more illiquid. But capital controls do not seem to provide an extra cushion against international spillovers even in less developed markets.
Short And Long Run Integration
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Author : Sergio L. Schmukler
language : en
Publisher:
Release Date : 1999
Short And Long Run Integration written by Sergio L. Schmukler 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.
August 2001 Do controls on capital flows persistently isolate domestic markets from international markets? Or is the insulation they provide just ephemeral? Kaminsky and Schmukler study whether capital controls affect the link between domestic and foreign stock market prices and interest rates. To examine the characteristics of international market integration and the effects of capital controls in the short and long run, they apply band-pass filter techniques to data from six emerging economies during the 1990s. They find that markets seem to be linked more at longer horizons. Equity prices seem to be more connected internationally than interest rates. They also find little evidence that controls effectively segment domestic markets from foreign markets. And when they do, the effects seem to be short-lived. Moreover, the effects of controls on outflows do not seem to differ from those of controls on inflows. For example, controls on outflows in Venezuela during the 1994 crisis, and unremunerated reserve requirements in Chile and Colombia during a capital-inflow episode, seem to have shielded domestic markets at the most at very high frequencies. The degree of financial sophistication does not seem to affect Kaminsky and Schmukler's conclusions on the insulation provided by capital controls. True, more developed financial markets, such as those in Brazil, are more closely linked to international markets than those in Colombia and Venezuela, which are far more illiquid. But capital controls do not seem to provide an extra cushion against international spillovers even in less developed markets. This paper--a product of Macroeconomics and Growth, Development Research Group--is part of a larger effort in the group to understand the functioning of financial markets and the benefits of financial integration. The study was funded by the Bank's Research Support Budget under the research project "Financial Development and Contagion." The authors may be contacted at [email protected] or [email protected].
Integration Of Commodity Markets In History
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Author : Giovanni Federico
language : en
Publisher: Universidad de Sevilla
Release Date : 1998
Integration Of Commodity Markets In History written by Giovanni Federico and has been published by Universidad de Sevilla this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Commodity exchanges categories.
Analiza la integración de los mercados de diferentes productos (café, trigo, carbón, algodón, patrón oro), y en su globalidad, en la Edad moderna y en la contemporánea.
Global Commodity Markets And Development Economics
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Author : Stephan Pfaffenzeller
language : en
Publisher: Routledge
Release Date : 2018-01-29
Global Commodity Markets And Development Economics written by Stephan Pfaffenzeller and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-01-29 with Business & Economics categories.
The early 21st century has seen a prolonged price boom in non-fuel commodities, coupled with a volatile performance in fuel prices. This new collection presents the latest research on commodity prices and economic development in the context of this changing globalized economy. Global Commodity Markets and Development Economics brings together analyses from a number of perspectives in order to explore commodity price developments. Chapters explore long term commodity trends, the evolution of relative price developments, the relationship of the domestic commodity sector with global supply chains, agri-food prices, and the role of oil markets in the global economy. Through considering a diverse range of countries including China, Russia and the United States, the authors examine key fuel and non-fuel commodity markets and offer a window into important trends and developments. This book will be relevant to those with an interest in development economics, international economics and energy markets.
Fishery Bulletin
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Author :
language : en
Publisher:
Release Date : 1971
Fishery Bulletin written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1971 with Fisheries categories.
Production Functions
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Author : Leif Johansen
language : en
Publisher: North-Holland
Release Date : 1972
Production Functions written by Leif Johansen and has been published by North-Holland this book supported file pdf, txt, epub, kindle and other format this book has been release on 1972 with Econometrics categories.
The Market Mechanism And Economic Reforms In China
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Author : William Byrd
language : en
Publisher: Routledge
Release Date : 2019-07-04
The Market Mechanism And Economic Reforms In China written by William Byrd and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-07-04 with Business & Economics categories.
This theoretical and empirical study of market-oriented reforms in Chinese industry since the late 1970s focuses on the expansion of the market mechanism in the allocation of industrial products and the concurrent decline of directive planning - a strategy that is a crucial component of the ambitious overall reform "package" that Chinese reformers are trying to implement. The expanding role of Chinese industrial goods has had major implications for the functioning and importance of planning which, the author argues, has become largely irrelevant in terms of direct control over short-term allocation.
The Rising Costs Of Nutritious Foods The Case Of Ethiopia
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Author : Bachewe, Fantu Nisrane
language : en
Publisher: Intl Food Policy Res Inst
Release Date : 2019-08-27
The Rising Costs Of Nutritious Foods The Case Of Ethiopia written by Bachewe, Fantu Nisrane and has been published by Intl Food Policy Res Inst this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-08-27 with Political Science categories.
Costs of healthy diets are worryingly rising in a number of developed and emerging economies. However, less is known on these costs for developing countries. Using price data from a large number of markets in Ethiopia, we find that real prices of all nutritionally-rich food groups increased significantly (between 19 and 62 percent) over the period 2007 to 2016. This contrasts with (1) staple crops (grains, roots, and tubers), which did not show any price increase, and (2) oils, fats, and sugar, the prices of which decreased substantially. Using detailed nationwide datasets and relying on time series methods, we link these price increases to changes in local markets, demand and supply factors, transaction costs, and international trade. We find that prices of nutritionally-rich food groups – compared to cereals – are relatively less affected by international trade and exchange rate changes but more so by rapidly increasing local and city demand. This rising demand is likely due to recent income growth and rapid urbanization and the high-income elasticities for nutritious foods in Ethiopia. Moreover, we find that local production changes affected prices of nutritious items little, but national price rises were found to have been significantly linked with food price rises in commercial clusters in the country. Changes in transaction costs – fuel and transport costs – explained relatively little of the observed food price changes.
Clean Energy Transition And Load Capacity Factors Environmental Sustainability Assessment Through Advanced Statistical Methods
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Author : Zeeshan Fareed
language : en
Publisher: Frontiers Media SA
Release Date : 2023-09-07
Clean Energy Transition And Load Capacity Factors Environmental Sustainability Assessment Through Advanced Statistical Methods written by Zeeshan Fareed and has been published by Frontiers Media SA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-09-07 with Science categories.