Author: Gerald K. Helleiner
Publisher: Commonwealth Secretariat
ISBN: 9780850925395
Category : Business & Economics
Languages : en
Pages : 44
Book Description
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.
Private Capital Flows and Development
Author: Gerald K. Helleiner
Publisher: Commonwealth Secretariat
ISBN: 9780850925395
Category : Business & Economics
Languages : en
Pages : 44
Book Description
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.
Publisher: Commonwealth Secretariat
ISBN: 9780850925395
Category : Business & Economics
Languages : en
Pages : 44
Book Description
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.
Managing Volatile Capital Flows: Experiences and Lessons for Sub-Saharan African Frontier Markets
Author: Cheikh A. Gueye
Publisher: International Monetary Fund
ISBN: 1616358440
Category : Business & Economics
Languages : en
Pages : 39
Book Description
During the past three years the frontier markets of sub-Saharan Africa have received growing amounts of portfolio capital flows, with heightened interest from foreign investors. Compared with foreign direct investment, portfolio capital flows tend to be more volatile, and thus pose challenges for sub-Saharan African frontier markets. This study examines the evolution of capital flows since 2010 and discusses the policies these countries have designed to reduce risks from the inherent volatility of these flows.
Publisher: International Monetary Fund
ISBN: 1616358440
Category : Business & Economics
Languages : en
Pages : 39
Book Description
During the past three years the frontier markets of sub-Saharan Africa have received growing amounts of portfolio capital flows, with heightened interest from foreign investors. Compared with foreign direct investment, portfolio capital flows tend to be more volatile, and thus pose challenges for sub-Saharan African frontier markets. This study examines the evolution of capital flows since 2010 and discusses the policies these countries have designed to reduce risks from the inherent volatility of these flows.
Private Capital Flows to Developing Countries
Author:
Publisher: World Bank Publications
ISBN: 9780195211160
Category : Business & Economics
Languages : en
Pages : 432
Book Description
This book analyzes the process of international financial integration and the structural forces driving private capital to developing countries. Against this background, it details the potential benefits of integration and the implications of fast-moving global capital flows for emerging economics. Examining the experience of countries that have attracted substantial private capital flows, the book provides invaluable guidance as to what works and what doesn't during the transition to financial integration. It will be of compelling interest to policymakers and also to international investors and bankers, financial analysts, and researchers.
Publisher: World Bank Publications
ISBN: 9780195211160
Category : Business & Economics
Languages : en
Pages : 432
Book Description
This book analyzes the process of international financial integration and the structural forces driving private capital to developing countries. Against this background, it details the potential benefits of integration and the implications of fast-moving global capital flows for emerging economics. Examining the experience of countries that have attracted substantial private capital flows, the book provides invaluable guidance as to what works and what doesn't during the transition to financial integration. It will be of compelling interest to policymakers and also to international investors and bankers, financial analysts, and researchers.
Capital Flows at Risk: Taming the Ebbs and Flows
Author: Mr.R. G Gelos
Publisher: International Monetary Fund
ISBN: 1513522906
Category : Business & Economics
Languages : en
Pages : 44
Book Description
The volatility of capital flows to emerging markets continues to pose challenges to policymakers. In this paper, we propose a new framework to answer critical policy questions: What policies and policy frameworks are most effective in dampening sharp capital flow movements in response to global shocks? What are the near- versus medium-term trade-offs of different policies? We tackle these questions using a quantile regression framework to predict the entire future probability distribution of capital flows to emerging markets, based on current domestic structural characteristics, policies, and global financial conditions. This new approach allows policymakers to quantify capital flows risks and evaluate policy tools to mitigate them, thus building the foundation of a risk management framework for capital flows.
Publisher: International Monetary Fund
ISBN: 1513522906
Category : Business & Economics
Languages : en
Pages : 44
Book Description
The volatility of capital flows to emerging markets continues to pose challenges to policymakers. In this paper, we propose a new framework to answer critical policy questions: What policies and policy frameworks are most effective in dampening sharp capital flow movements in response to global shocks? What are the near- versus medium-term trade-offs of different policies? We tackle these questions using a quantile regression framework to predict the entire future probability distribution of capital flows to emerging markets, based on current domestic structural characteristics, policies, and global financial conditions. This new approach allows policymakers to quantify capital flows risks and evaluate policy tools to mitigate them, thus building the foundation of a risk management framework for capital flows.
Promoting Industrial Competitiveness in Developing Countries
Author: Sanjaya Lall
Publisher: Commonwealth Secretariat
ISBN: 9780850926231
Category : Business & Economics
Languages : en
Pages : 80
Book Description
This book describes the micro-foundations of competitiveness and enterprise, and translates the lessons to national level. It looks at the competitive performance in East Asia and highlights lessons to be learned by other developing countries.
Publisher: Commonwealth Secretariat
ISBN: 9780850926231
Category : Business & Economics
Languages : en
Pages : 80
Book Description
This book describes the micro-foundations of competitiveness and enterprise, and translates the lessons to national level. It looks at the competitive performance in East Asia and highlights lessons to be learned by other developing countries.
International Capital Flows
Author: Martin Feldstein
Publisher: University of Chicago Press
ISBN: 0226241807
Category : Business & Economics
Languages : en
Pages : 500
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.
Publisher: University of Chicago Press
ISBN: 0226241807
Category : Business & Economics
Languages : en
Pages : 500
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.
Managing Volatile Capital Flows: Experiences and Lessons for Sub-Saharan African Frontier Markets
Author: Cheikh A. Gueye
Publisher: International Monetary Fund
ISBN: 1475582641
Category : Business & Economics
Languages : en
Pages : 39
Book Description
During the past three years the frontier markets of sub-Saharan Africa have received growing amounts of portfolio capital flows, with heightened interest from foreign investors. Compared with foreign direct investment, portfolio capital flows tend to be more volatile, and thus pose challenges for sub-Saharan African frontier markets. This study examines the evolution of capital flows since 2010 and discusses the policies these countries have designed to reduce risks from the inherent volatility of these flows.
Publisher: International Monetary Fund
ISBN: 1475582641
Category : Business & Economics
Languages : en
Pages : 39
Book Description
During the past three years the frontier markets of sub-Saharan Africa have received growing amounts of portfolio capital flows, with heightened interest from foreign investors. Compared with foreign direct investment, portfolio capital flows tend to be more volatile, and thus pose challenges for sub-Saharan African frontier markets. This study examines the evolution of capital flows since 2010 and discusses the policies these countries have designed to reduce risks from the inherent volatility of these flows.
After Lomé IV
Author: Christopher Stevens
Publisher: Commonwealth Secretariat
ISBN: 9780850926248
Category : Business & Economics
Languages : en
Pages : 100
Book Description
By early 2000, a new trade agreement must be negotiated between the 72 countries of the African, Caribbean and Pacific (ACP) group and the European Union, to replace Lome IV. This volume features: a commentary on the EU's proposals for the new trade arrangements.
Publisher: Commonwealth Secretariat
ISBN: 9780850926248
Category : Business & Economics
Languages : en
Pages : 100
Book Description
By early 2000, a new trade agreement must be negotiated between the 72 countries of the African, Caribbean and Pacific (ACP) group and the European Union, to replace Lome IV. This volume features: a commentary on the EU's proposals for the new trade arrangements.
Implications for Developing Countries of Likely Reforms of the Common Agricultural Policy of the European Union
Author: Alan Swinbank
Publisher: Commonwealth Secretariat
ISBN: 9780850926255
Category : Business & Economics
Languages : en
Pages : 110
Book Description
Over the next three years negotiations will be taking place in the WTO (World Trade Organisation) on agriculture. This report will help participants and analysts to understand the EU's negotiating position.
Publisher: Commonwealth Secretariat
ISBN: 9780850926255
Category : Business & Economics
Languages : en
Pages : 110
Book Description
Over the next three years negotiations will be taking place in the WTO (World Trade Organisation) on agriculture. This report will help participants and analysts to understand the EU's negotiating position.
Post Lomé WTO-compatible Trading Arrangements
Author: Christopher Stevens
Publisher: Commonwealth Secretariat
ISBN: 9780850926859
Category : Business & Economics
Languages : en
Pages : 64
Book Description
This report on the future of EU trade policy has been written against a background of continuing uncertainty over a WTO waiver for the EU-ACP Cotonou Convention that would continue liberal access to the EU for ACP exports until 2007.
Publisher: Commonwealth Secretariat
ISBN: 9780850926859
Category : Business & Economics
Languages : en
Pages : 64
Book Description
This report on the future of EU trade policy has been written against a background of continuing uncertainty over a WTO waiver for the EU-ACP Cotonou Convention that would continue liberal access to the EU for ACP exports until 2007.