currency crises, capital-account liberalization, and selection bias
... 2 The appropriate pace of deregulation of domestic financial markets also has been of concern, even in many industrial countries. The United States, Japan, and Sweden, among others, all have experienced some domestic financial instability following deregulation of domestic financial institutions. ...
... 2 The appropriate pace of deregulation of domestic financial markets also has been of concern, even in many industrial countries. The United States, Japan, and Sweden, among others, all have experienced some domestic financial instability following deregulation of domestic financial institutions. ...
PATTERNS OF FINANCIAL CAPITAL FLOWS AND
... The rise of foreign capital inflows has initially been a welcome development. The foreign exchange constraint which seemed binding during the 1970s and 80s seem to have been suddenly relaxed with positive effects on consumption and investment. In fact, theory suggests that inflows of capital would c ...
... The rise of foreign capital inflows has initially been a welcome development. The foreign exchange constraint which seemed binding during the 1970s and 80s seem to have been suddenly relaxed with positive effects on consumption and investment. In fact, theory suggests that inflows of capital would c ...
Macroprudential Policies as Buffer Against Volatile Cross-border Capital Flows Ahmet Faruk AYSAN
... example in this regard, implementing novel market-friendly policy tools, the interest rate corridor and the reserve option mechanism, as well as loan-to-value ceilings, augmented risk weights for certain loans, among others. In this paper, using a large panel data set of 46 advanced and emerging cou ...
... example in this regard, implementing novel market-friendly policy tools, the interest rate corridor and the reserve option mechanism, as well as loan-to-value ceilings, augmented risk weights for certain loans, among others. In this paper, using a large panel data set of 46 advanced and emerging cou ...
International Evidence on the Interaction between Cross-Border Capital Flows and Domestic Credit Growth
... International capital flows are in principle beneficial for countries, particularly for those with low saving rates; however they can also intensify macro-financial risks in recipient countries, as illustrated in recent turmoil in emerging countries. The fact that the size of capital flows has reach ...
... International capital flows are in principle beneficial for countries, particularly for those with low saving rates; however they can also intensify macro-financial risks in recipient countries, as illustrated in recent turmoil in emerging countries. The fact that the size of capital flows has reach ...
Week 3 Physical Capital - Course ON-LINE
... of capital, including roads, can be used by a large but finite number of people at the same time. Saying that rivalry in its use is one of the characteristics of capital may seem trivial because it is hard to think of many productive tools that can be used by an arbitrary number of people at once. H ...
... of capital, including roads, can be used by a large but finite number of people at the same time. Saying that rivalry in its use is one of the characteristics of capital may seem trivial because it is hard to think of many productive tools that can be used by an arbitrary number of people at once. H ...
Joint-stock Company supporting the capitalization and
... The Guarantee guarantees investments in the Company’s share capital and ensures recovery of 80 per cent of the difference between (i) capital injected to the Company for any reason plus investment costs and (ii) the amount received by the relevant investor, for any reason, during each fiscal year, ...
... The Guarantee guarantees investments in the Company’s share capital and ensures recovery of 80 per cent of the difference between (i) capital injected to the Company for any reason plus investment costs and (ii) the amount received by the relevant investor, for any reason, during each fiscal year, ...
THE MINORITY RECAPITALIZATION
... When introduced to a situation where there might be diverging short and long term interests among the shareholders, a Minority Recap can offer a market clearing valuation for those shareholders seeking liquidity and provide the remaining shareholders with the ability to increase their equity positio ...
... When introduced to a situation where there might be diverging short and long term interests among the shareholders, a Minority Recap can offer a market clearing valuation for those shareholders seeking liquidity and provide the remaining shareholders with the ability to increase their equity positio ...
Slide 1
... Education Breeds Investment Ideas - Ranking fourth in the number of companies spun off from its discoveries, the University of Minnesota not only provides skilled workers, but also contributes to Source: Department of Trade and the state's economy. Economic Development ...
... Education Breeds Investment Ideas - Ranking fourth in the number of companies spun off from its discoveries, the University of Minnesota not only provides skilled workers, but also contributes to Source: Department of Trade and the state's economy. Economic Development ...
Key Trends Shaping the Rapid Growth of the Venture Capital
... Note these ratios are based on investment through 2001 ($296B) because investment after that time has likely had little effect on jobs and revenues. If investment 1970-2008 ($456.2B) is used, the ratios would be $6.28 and $38,606 respectively Source: Venture Impact 2008 by IHS Global Insight ...
... Note these ratios are based on investment through 2001 ($296B) because investment after that time has likely had little effect on jobs and revenues. If investment 1970-2008 ($456.2B) is used, the ratios would be $6.28 and $38,606 respectively Source: Venture Impact 2008 by IHS Global Insight ...
Sebastian NEER WORKING PAPER SERIES OF CAPITAL CONTROLS AND ROLE
... Two main issues are considered. First, how do capital controls affect the adjustment of macroeconomic variables to real disturbances? Second, what is the nature of second best arguments for ma.ntaining capital controls given that certain distortions will remain after the European single market is in ...
... Two main issues are considered. First, how do capital controls affect the adjustment of macroeconomic variables to real disturbances? Second, what is the nature of second best arguments for ma.ntaining capital controls given that certain distortions will remain after the European single market is in ...
Download Executive Summary
... CED+GER estimates are again closer to the IMF’s estimates than any other. However, for the next six-year period 2006-2011, the difference between the IMF and GFI estimates widen considerably due mainly to an increase in trade misinvoicing outflows, which are not included in the IMF estimates. In gen ...
... CED+GER estimates are again closer to the IMF’s estimates than any other. However, for the next six-year period 2006-2011, the difference between the IMF and GFI estimates widen considerably due mainly to an increase in trade misinvoicing outflows, which are not included in the IMF estimates. In gen ...
Issue Brief A snapshot of illicit financial flows from eight developing
... Bank 1985). It involves resources which have entered or ought to have entered the country as a result of trade and financial transactions between residents and foreign counterparts which cannot be traced in the use of resources in the country’s official statistics. Most of these definitions miss an ...
... Bank 1985). It involves resources which have entered or ought to have entered the country as a result of trade and financial transactions between residents and foreign counterparts which cannot be traced in the use of resources in the country’s official statistics. Most of these definitions miss an ...
NBER WORKING PAPER SERIES RESTRICTION OF INTERNATIONAL PRODUCTION: David G. Hartman
... urging adoption of measures to reduce the level of foreign operations of U.S.- ...
... urging adoption of measures to reduce the level of foreign operations of U.S.- ...
Currency Crises, Capital Account Liberalization
... The appropriate pace of deregulation of domestic financial markets also has been of concern, even in many industrial countries. The United States, Japan, and Sweden, among others, all have experienced some domestic financial instability following deregulation of domestic financial institutions. ...
... The appropriate pace of deregulation of domestic financial markets also has been of concern, even in many industrial countries. The United States, Japan, and Sweden, among others, all have experienced some domestic financial instability following deregulation of domestic financial institutions. ...
Removal of exchange control by the Thatcher Government
... during the IMF crisis in 1976, including a ban on the use of sterling for international trade not including the UK.12 Although exchange control was relaxed in 1977 and in 1978 – as a condition of the IMF loan – Dennis Healey, then Chancellor of the Exchequer resisted further relaxation. On the eve o ...
... during the IMF crisis in 1976, including a ban on the use of sterling for international trade not including the UK.12 Although exchange control was relaxed in 1977 and in 1978 – as a condition of the IMF loan – Dennis Healey, then Chancellor of the Exchequer resisted further relaxation. On the eve o ...
Guiding the Invisible Hand: Market Equilibrium and Multiple Exchange Rates in Brazil
... currency convertibility made capital controls with the use of parallel or multiple exchange rates (MER) largely common in Europe and Latin America (Bordo, 1993; Reinhardt & Rogoff, 2002). These controls were generally not welcome by the IMF, which was only in favour of restrictions to capital accoun ...
... currency convertibility made capital controls with the use of parallel or multiple exchange rates (MER) largely common in Europe and Latin America (Bordo, 1993; Reinhardt & Rogoff, 2002). These controls were generally not welcome by the IMF, which was only in favour of restrictions to capital accoun ...
University of Groningen Capital flight and the uncertainty of
... experienced outflows. Yet, many countries in Asia and Latin America were receiving large capital inflows, instead of experiencing massive outflows during this period. However, from the mid-1990s the international financial system was confronted with the outbreak of several major financial and econom ...
... experienced outflows. Yet, many countries in Asia and Latin America were receiving large capital inflows, instead of experiencing massive outflows during this period. However, from the mid-1990s the international financial system was confronted with the outbreak of several major financial and econom ...
Reliance Capital Completes Transfer Of Its Commercial Finance
... announced completion of transfer of its commercial finance division – Reliance Commercial Finance Limited (RCFL) - into a separate wholly owned subsidiary. The Company had announced the transfer of its Commercial Finance division into a separate subsidiary in February 25, 2016, subject to requisite ...
... announced completion of transfer of its commercial finance division – Reliance Commercial Finance Limited (RCFL) - into a separate wholly owned subsidiary. The Company had announced the transfer of its Commercial Finance division into a separate subsidiary in February 25, 2016, subject to requisite ...
Putting the Cart Before the Horse? Capital Account Liberalization and
... and exchange rate flexibility by itself is unlikely to create strong incentives (or channels) to take deposits out of the Chinese banking system. Furthermore, the introduction of greater flexibility would create stronger incentives for developing the foreign exchange market and for currency risk man ...
... and exchange rate flexibility by itself is unlikely to create strong incentives (or channels) to take deposits out of the Chinese banking system. Furthermore, the introduction of greater flexibility would create stronger incentives for developing the foreign exchange market and for currency risk man ...
Prasad-uce05-s 405386 en
... and exchange rate flexibility by itself is unlikely to create strong incentives (or channels) to take deposits out of the Chinese banking system. Furthermore, the introduction of greater flexibility would create stronger incentives for developing the foreign exchange market and for currency risk man ...
... and exchange rate flexibility by itself is unlikely to create strong incentives (or channels) to take deposits out of the Chinese banking system. Furthermore, the introduction of greater flexibility would create stronger incentives for developing the foreign exchange market and for currency risk man ...
Capital Inflows and Balance of Payments Pressures
... impact of different policy measures based on a large sample of developing, emerging markets, and advanced economies during surges in flows and concludes that nominal exchange rate appreciation and fiscal restraint are advisable during periods of large inflows as they limit real currency appreciation ...
... impact of different policy measures based on a large sample of developing, emerging markets, and advanced economies during surges in flows and concludes that nominal exchange rate appreciation and fiscal restraint are advisable during periods of large inflows as they limit real currency appreciation ...
Capital Controls and Optimal Chinese Monetary Policy
... of China (PBOC, China’s central bank) intervenes by purchasing foreign-currency revenues from exporters at prevailing exchange rates, with the purchases financed by either issuing domestic currency or domestic bonds. The portion of foreign asset purchases financed by selling domestic bonds is said t ...
... of China (PBOC, China’s central bank) intervenes by purchasing foreign-currency revenues from exporters at prevailing exchange rates, with the purchases financed by either issuing domestic currency or domestic bonds. The portion of foreign asset purchases financed by selling domestic bonds is said t ...
International Capital Flows and Domestic Financial Conditions: Lessons for Emerging Asia
... Following Lane and Milesi-Ferretti (2007), Figure 1 shows the international …nancial integration (IFI) ratio for emerging Asia over 1981-2012.1 The IFI ratio captures the scale of cross-border …nancial positions and shows a strong positive trend for emerging Asia, albeit with some volatility. From a ...
... Following Lane and Milesi-Ferretti (2007), Figure 1 shows the international …nancial integration (IFI) ratio for emerging Asia over 1981-2012.1 The IFI ratio captures the scale of cross-border …nancial positions and shows a strong positive trend for emerging Asia, albeit with some volatility. From a ...
CAPITAL MOBILITY AND ECONOMIC PERFORMANCE: Are Emerging Economies Different? * By Sebastian Edwards
... National Bureau of Economic Research December, 2000 ...
... National Bureau of Economic Research December, 2000 ...
The Professional Shareholder Representative
... WHEREAS, the Board of Directors of Parent has approved, and deems it advisable and in the best interests of its stockholders to consummate, the merger (the "Merger") of Merger Sub with and into the Company, upon the terms and subject to the conditions set forth herein; and WHEREAS, the Board of Dire ...
... WHEREAS, the Board of Directors of Parent has approved, and deems it advisable and in the best interests of its stockholders to consummate, the merger (the "Merger") of Merger Sub with and into the Company, upon the terms and subject to the conditions set forth herein; and WHEREAS, the Board of Dire ...