high-level roundtable on africa and new global finance
... continent. The fact that investors are in fact differentiating between sovereign borrowers, with some countries experiencing a greater spread in yields than others, would suggest they do discriminate on the basis of fundamentals. ...
... continent. The fact that investors are in fact differentiating between sovereign borrowers, with some countries experiencing a greater spread in yields than others, would suggest they do discriminate on the basis of fundamentals. ...
Macroeconomic Implications Of Capital Inflows In India :
... Since 1991 India has undertaken various reform measures to liberalize the economy. These measures include removal of industrial licensing system, reduction in trade barriers, and liberalization of capital flows. Over the last several years restrictions on various components on capital account have b ...
... Since 1991 India has undertaken various reform measures to liberalize the economy. These measures include removal of industrial licensing system, reduction in trade barriers, and liberalization of capital flows. Over the last several years restrictions on various components on capital account have b ...
Capital Controls in Brazil: Effective? by Marcos Chamon (IMF) and
... Controls on capital outflows have a long history in Brazil, since financial repression was the norm until the early 1990s. In 1991, real interest rates were significantly raised to avoid capital flight and help to accumulate foreign reserves. With the low rates prevailing in the US, capital started ...
... Controls on capital outflows have a long history in Brazil, since financial repression was the norm until the early 1990s. In 1991, real interest rates were significantly raised to avoid capital flight and help to accumulate foreign reserves. With the low rates prevailing in the US, capital started ...
Public Capital: Investment Stocks and Depreciation
... the high levels seen during the boom years. Ireland’s fiscal consolidation programme implemented from 2008-2014 saw large reductions in expenditure as well as increases in taxation in order to reduce the government deficit and to stabilise, and eventually lower, the debt-to-GDP ratio. During fiscal ...
... the high levels seen during the boom years. Ireland’s fiscal consolidation programme implemented from 2008-2014 saw large reductions in expenditure as well as increases in taxation in order to reduce the government deficit and to stabilise, and eventually lower, the debt-to-GDP ratio. During fiscal ...
What`s In a Quartile
... group, we found a counterintuitive result. Ex ante we expected that the multi-fund group would outperform the single-fund group, as the market tends to self-select those funds that perform well by allowing them to successfully raise a follow-on fund. However, this was not the case; the single-fund g ...
... group, we found a counterintuitive result. Ex ante we expected that the multi-fund group would outperform the single-fund group, as the market tends to self-select those funds that perform well by allowing them to successfully raise a follow-on fund. However, this was not the case; the single-fund g ...
NBER WORKING PAPER SERIES SUSTAINABILITY AND THE MEASUREMENT OF WEALTH Partha Dasgupta
... sustainable development as "... development that meets the needs of the present without compromising the ability of future generations to meet their own needs." Note that the definition makes no mention of human well-being. Relatedly, it makes relatively weak demands on intergenerational justice. In ...
... sustainable development as "... development that meets the needs of the present without compromising the ability of future generations to meet their own needs." Note that the definition makes no mention of human well-being. Relatedly, it makes relatively weak demands on intergenerational justice. In ...
The unremunerated reserve requirement and net capital flows: Chile
... spending. Nonetheless, fiscal spending acquired a procyclical bias, which made monetary management more difficult and led to higher interest rates than would have been necessary under a cyclically neutral fiscal policy.7 As a way of preventing interest-rate hikes from attracting even larger foreign ...
... spending. Nonetheless, fiscal spending acquired a procyclical bias, which made monetary management more difficult and led to higher interest rates than would have been necessary under a cyclically neutral fiscal policy.7 As a way of preventing interest-rate hikes from attracting even larger foreign ...
as a PDF
... (1998), Maurice Obstfeld (1998), and Joseph Stiglitz (2000), although, to our knowledge, this point has not been formalized. As it is sometimes the case, what is logically possible and what is true in reality are not necessarily the same thing. For example, financial globalization has the potential ...
... (1998), Maurice Obstfeld (1998), and Joseph Stiglitz (2000), although, to our knowledge, this point has not been formalized. As it is sometimes the case, what is logically possible and what is true in reality are not necessarily the same thing. For example, financial globalization has the potential ...
Jeffrey
... time. The stock of knowledge is given and constant, and it ceases to be a factor of production. }ènce, from equations (6.1) and (6.2) (with constant returns to scale and constant real wages), we can solve for the nuber of workers per machine hour and the machine utilization rate. In fact, these vari ...
... time. The stock of knowledge is given and constant, and it ceases to be a factor of production. }ènce, from equations (6.1) and (6.2) (with constant returns to scale and constant real wages), we can solve for the nuber of workers per machine hour and the machine utilization rate. In fact, these vari ...
NBER WORKING PAPER SERIES INTERNATIONAL R&D SPILLOVERS: A RE-EXAMWATION
... b So fw, because of the scarcity of information, very few analyses have been able to test the h~othesis of technology sourcing. me pioneer study has been realized by Kogut and Chang ( 1991) about Japanese FDI in the United States. Their maio finding is ttrat Japanese direct investments in tbe US is ...
... b So fw, because of the scarcity of information, very few analyses have been able to test the h~othesis of technology sourcing. me pioneer study has been realized by Kogut and Chang ( 1991) about Japanese FDI in the United States. Their maio finding is ttrat Japanese direct investments in tbe US is ...
This PDF is a selection from a published volume from... of Economic Research Volume Title: NBER International Seminar on Macroeconomics 2012
... Shengzhen stock markets—“A shares” that can be owned only by domestic investors, and “B shares” that can be purchased by foreigners. The value of B shares has never exceeded 3 percent of total stock market capitalization since 2000. Foreign investors can invest in financial assets other than B share ...
... Shengzhen stock markets—“A shares” that can be owned only by domestic investors, and “B shares” that can be purchased by foreigners. The value of B shares has never exceeded 3 percent of total stock market capitalization since 2000. Foreign investors can invest in financial assets other than B share ...
Can Foreign Exchange Intervention Stem Exchange Rate Pressures
... using data that is sampled at a higher frequency than the decision to intervene has allowed researchers to break the reverse causality, and find evidence that intervention does influence the level of exchange rates. However, high-frequency estimates are not informative about the persistent and cumul ...
... using data that is sampled at a higher frequency than the decision to intervene has allowed researchers to break the reverse causality, and find evidence that intervention does influence the level of exchange rates. However, high-frequency estimates are not informative about the persistent and cumul ...
Capital Structure and the Corporation`s Product Market Environment
... It is difficult to know exactly where these preferences arise. Corporations like IBM and Polaroid with profitable market positions and high levels of investment in research and product development appear to shy away from debt except when financial resource constraints require it. Even then, equityfi ...
... It is difficult to know exactly where these preferences arise. Corporations like IBM and Polaroid with profitable market positions and high levels of investment in research and product development appear to shy away from debt except when financial resource constraints require it. Even then, equityfi ...
Babson Capital Management presentation
... Source: Barclays Capital as of March 6, 2013. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. It is not possible to invest directly in an index. ...
... Source: Barclays Capital as of March 6, 2013. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. It is not possible to invest directly in an index. ...
WP-EMG-28-2009 - Cass Business School
... generates large amounts of cash, and so do bribes paid to politicians, regulators and business executives. In order to safely use the money generated in these illegal ways, its recipients use the financial system to hold and move this money so as to hide its origins in illegal activity. Through thi ...
... generates large amounts of cash, and so do bribes paid to politicians, regulators and business executives. In order to safely use the money generated in these illegal ways, its recipients use the financial system to hold and move this money so as to hide its origins in illegal activity. Through thi ...
S0900783_en.pdf
... sustained and large capital inflows into an economy, there is a sudden reversal of such flows implying an interruption of external financing (sudden stop).3 While sudden outflows can affect all forms of foreign capital, it is generally capital flows of a short-term nature that are the most unstable ...
... sustained and large capital inflows into an economy, there is a sudden reversal of such flows implying an interruption of external financing (sudden stop).3 While sudden outflows can affect all forms of foreign capital, it is generally capital flows of a short-term nature that are the most unstable ...
BCAS 21: Capital Budgeting
... organization’s nominal weighted average cost of capital. 21.6.6 Some analysts use the organization’s average return on investment as the discount rate to compute the project’s net present value. The integrity and economic interpretation of the net present value method require that the rate used to d ...
... organization’s nominal weighted average cost of capital. 21.6.6 Some analysts use the organization’s average return on investment as the discount rate to compute the project’s net present value. The integrity and economic interpretation of the net present value method require that the rate used to d ...
Initiative for Policy Dialogue Working Paper Series Resilience
... volatile capital flows. As we explain the literature review, previous findings are largely driven by sample selection. Second, we use composite indices of CARs that capture regulations over six asset categories, which allows us to capture the intensity of regulations over time, instead of only thei ...
... volatile capital flows. As we explain the literature review, previous findings are largely driven by sample selection. Second, we use composite indices of CARs that capture regulations over six asset categories, which allows us to capture the intensity of regulations over time, instead of only thei ...
INVESTMENT BANKING BOUTIQUE FIRMS
... across the country in key markets, as well as in London. www.stephens.com SunTrust Robinson Humphrey Sun Trust Robinson Humphrey is based in Atlanta, Georgia and provides comprehensive capital raising, strategic advisory, risk management, and investment solutions to serve the needs of corporate clie ...
... across the country in key markets, as well as in London. www.stephens.com SunTrust Robinson Humphrey Sun Trust Robinson Humphrey is based in Atlanta, Georgia and provides comprehensive capital raising, strategic advisory, risk management, and investment solutions to serve the needs of corporate clie ...
Tangible Capital Asset Policy - Asset Management Saskatchewan
... Tangible Capital Assets (TCA) are non-financial assets having physical substance that: a) are held for use in the production or supply of goods and services, for rental to others, for administrative purposes or for the development, construction, maintenance or repair of other tangible capital assets ...
... Tangible Capital Assets (TCA) are non-financial assets having physical substance that: a) are held for use in the production or supply of goods and services, for rental to others, for administrative purposes or for the development, construction, maintenance or repair of other tangible capital assets ...
Gary S. Becker Robert Kevin HUNAR CAPITa, FERTILITY,
... future consumption. To concentrate on these properties, we ignore physical capital and assume simple production functions in the consumption, human capital, and fertility sectors. ...
... future consumption. To concentrate on these properties, we ignore physical capital and assume simple production functions in the consumption, human capital, and fertility sectors. ...
Review of Exchange Arrangements, Restrictions, and Controls
... unions have been classified as of April 1, 2007 based on the exchange rate policies of the union, rather than the country, to reflect the external exchange arrangement of the union. In other words, the classification is driven by policies of the union, including the degree of flexibility of the sing ...
... unions have been classified as of April 1, 2007 based on the exchange rate policies of the union, rather than the country, to reflect the external exchange arrangement of the union. In other words, the classification is driven by policies of the union, including the degree of flexibility of the sing ...
Eliminating the Underlying Cause of Poverty as a Means
... then different and perhaps deeper causes may be discovered and different remedies may be required. ...
... then different and perhaps deeper causes may be discovered and different remedies may be required. ...
A Comparative Study of Venture Capital Performance in the US and
... and returns are heavily dependent on valuations. These returns are also under the assumptions that money can come and go freely at the beginning and end of each period, although in practice, venture capital funds are illiquid investments with a typical investment horizon of 7 to10 years. When a vent ...
... and returns are heavily dependent on valuations. These returns are also under the assumptions that money can come and go freely at the beginning and end of each period, although in practice, venture capital funds are illiquid investments with a typical investment horizon of 7 to10 years. When a vent ...
The Marginal Product of Capital
... than in rich countries. This means that one can rationalize virtually all of the cross-country variation in capital per worker without appealing to international capital-market frictions. We also quantify the output losses due to the (minimal) MPK differences we observe: If we were to reallocate cap ...
... than in rich countries. This means that one can rationalize virtually all of the cross-country variation in capital per worker without appealing to international capital-market frictions. We also quantify the output losses due to the (minimal) MPK differences we observe: If we were to reallocate cap ...