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Author: Willem Johannes Jansen
Publisher:
ISBN:
Category :
Languages : nl
Pages : 217
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Book Description
Author: Willem Johannes Jansen
Publisher:
ISBN:
Category :
Languages : nl
Pages : 217
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Book Description
Author: W. J. Jansen
Publisher: Purdue University Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 250
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Book Description
International financial transactions have become less regulated and less costly over the past two decades. This study, consisting of two parts, examines several issues related to this increase in international capital mobility. The first part is devoted to the estimation of the correlation of saving and investment, which should be zero under capital mobility, according to Feldstein and Horioka. Questions, addressed are: What are the implications of the intertemporal budget constraint? Should time series analysis or cross-section analysis be used? The second part of the study focuses on the mean-variance portfolio model, which is an important benchmark model in financial economics but is strongly rejected in empirical tests. Here questions include: Can capital controls explain why the mean-variance model performs so badly? What is the role of adjustment costs?
Author: Helen Popper
Publisher: Routledge
ISBN: 1351342762
Category : Business & Economics
Languages : en
Pages : 100
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Book Description
Originally published in 1997, Issues in International Capital Mobility addresses a few of the ambiguities arising in empirical investigations of capital market openness. It does this by taking existing empirical approaches and adapting them to new markets and to new assets. It also examines the properties of one statistical method used to assess the extent of international capital mobility. This book will appeal to those working or studying in the field of economics and finance.
Author: Jürg Niehans
Publisher:
ISBN:
Category : Capital movements
Languages : en
Pages : 58
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Francesco Caramazza
Publisher:
ISBN:
Category : Asset-liability management
Languages : en
Pages : 88
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Book Description
Author: M. Watson
Publisher: Springer
ISBN: 023059266X
Category : Political Science
Languages : en
Pages : 266
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Book Description
Matthew Watson draws a distinction between the spatial and the functional mobility of capital, allowing fresh insights into existing work on the subject whilst repoliticizing the very idea of capital being 'in motion'. The dynamics of capital mobility and the patterns of risk exposure are illustrated through four detailed global case studies.
Author: Anthony J. Makin
Publisher: Springer
ISBN: 0230379095
Category : Business & Economics
Languages : en
Pages : 157
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Book Description
This book examines the causes, consequences and policy significance of international capital movements and nations' external account imbalances. Traditional theoretical approaches to balance of payments analysis, such as the classical, elasticities, absorption, monetary and Mundell-Fleming models are critically evaluated against an extended international macroeconomic accounting framework. More meaningful capital theoretic models then link saving, investment and foreign capital movements to highlight the macroeconomic gains from international capital mobility and international trade in saving.
Author: Masahiro Kawai
Publisher:
ISBN:
Category :
Languages : en
Pages : 39
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Book Description
Author: Martin Feldstein
Publisher: University of Chicago Press
ISBN: 0226241807
Category : Business & Economics
Languages : en
Pages : 500
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Book Description
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.
