Download Full eBooks in PDF
The Recent Surge In Private Capital Flows To Developing Countries Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of The Recent Surge In Private Capital Flows To Developing Countries book. This book definitely worth reading, it is an incredibly well-written.
Author : Guillermo de la Dehesa
Publisher : Unknown
Page : 52 pages
File Size : 45,8 Mb
Release : 1994
Category : Capital movements
ISBN : UCSD:31822018931485
Author : Leonardo Hernández,Heinz Rudolph
Publisher : World Bank Publications
Page : 44 pages
File Size : 50,7 Mb
Release : 1995
Category : Capital movements
ISBN : 8210379456XXX
Author : Dipak Das Gupta,Dilip Ratha
Publisher : World Bank Publications
Page : 28 pages
File Size : 45,6 Mb
Release : 2000
Category : Capital movements
ISBN : 8210379456XXX
Private portfolio flows to a country tend to rise in response to an increase in the current account deficit, a rise in foreign direct investment flows, higher per capita income, and growth performance. The most important determinant of official lending to a developing country seems to be the external current account balance or a change in international reserves in the country.
Author : Leonardo Hernandez
Publisher : Unknown
Page : 128 pages
File Size : 41,7 Mb
Release : 1999
Category : Electronic
ISBN : OCLC:913715583
Since 1989, private capital flows to a select group of developing countries have increased sharply, but developments in 1994 have caused concern about the sustainability of those flows. Several highly indebted developing countries that are implementing reform are concerned that a generalized reversal - similar to episodes of capital flight in the early 1980s - might disrupt their economies and threaten economic reform. Because the surge in private capital flows coincided with a period of low international interest rates and intensive policy reform in developing countries, debate has been active about whether the surge is driven mainly by domestic (pull) or external (push) factors. Under the pull hypothesis, successful domestic policies are the key to ensuring sustainable capital inflows; under the push hypothesis, an increase in international interest rates would cause a reversal of those flows (back to the industrial world). Using a partial adjustment model in which both domestic and external variables are defined, the authors explain why private capital flows to some developing countries but not to others (using panel data for 1986-93 for 22 countries). They argue that a generalized reversal is unlikely in countries that maintain a fundamentally sound macroeconomic environment. In fact, their empirical results show that domestic factors such as domestic savings and investment ratios significantly affected the recent surge in capital inflows. Further, they suggest that countries that have not received significant foreign capital - including countries in sub-Saharan Africa - could begin to if they implemented structural reforms that allow them to export, save, and invest at higher rates. Reducing their foreign debt (which might call for a continuation of recent debt reduction operations) could also help attract foreign private investors.
Author : Alexander Fleming
Publisher : Unknown
Page : 58 pages
File Size : 48,6 Mb
Release : 1981
Category : Balance of payments
ISBN : COLUMBIA:CU60219076
Author : Eduardo Fernandez-Arias,Peter J. Montiel
Publisher : World Bank Publications
Page : 54 pages
File Size : 45,9 Mb
Release : 1995
Category : Capital movements
ISBN : 8210379456XXX
Author : Eduardo Fernandez-Arias
Publisher : World Bank Publications
Page : 48 pages
File Size : 53,5 Mb
Release : 1994
Category : Capital movements
ISBN : 8210379456XXX
Author : Anonim
Publisher : World Bank Publications
Page : 432 pages
File Size : 53,5 Mb
Release : 1997
Category : Business & Economics
ISBN : 0195211162
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.
Author : World Bank
Publisher : World Bank Publications
Page : 702 pages
File Size : 47,9 Mb
Release : 2006-01-01
Category : Banks and Banking Reform
ISBN : 9780821366233
"International private capital flows to developing countries reached a record net level of $491 billion in 2005. This surge in private capital flows offers national and international policy makers a major opportunity to bolster development efforts if they can successfully meet three challenges. The first is to ensure that more countries, especially poorer ones, enhance their access to developmentally beneficial international capital through improvements in their macroeconomic performance, investment climate, and use of aid. The second is to avoid sudden capital flow reversals by redressing global imbalances through policies that recognize the growing interdependencies between developed and developing countries' financial and exchange rate relations in the determination of global financial liquidity and asset price movements. And the third is to ensure that development finance, both official and private, is managed judiciously to meet the development goals of recipient countries while promoting greater engagement with global financial markets. These are the themes and concerns of this year's edition of Global Development Finance. Vol I. Anlaysis and Statistical Appendix reviews recent trends in financial flows to developing countries. Vol II. Summary and Country Tables* includes comprehensive data for 138 countries, as well as summary data for regions and income groups."
Author : Miles Kahler
Publisher : Manchester University Press
Page : 290 pages
File Size : 41,8 Mb
Release : 1998
Category : Business & Economics
ISBN : 0719056497
Capital flows to the developing economies have long displayed a boom-and-bust pattern. However, rarely has the cycle turned as abruptly as it did in the 1990s, when the surges in lending were followed by the Mexican peso crisis of 1994-95, and the sudden collapse of currencies in Asia in 1997 and 1998. The volume maps an uncertain financial landscape in which volatile private capital flows and fragile banking systems produce sudden reversals of fortune for governments and economies. This environment creates dilemmas for both national policy-makers who confront the mixed blessing of capital inflows and the international institutions that manage the recurrent crises.
Author : Juliana Dutra Araujo,Mr.Antonio David,Carlos van Hombeeck,Mr.Chris Papageorgiou
Publisher : International Monetary Fund
Page : 41 pages
File Size : 53,6 Mb
Release : 2015-04-29
Category : Business & Economics
ISBN : 9781484341087
Low-income countries (LIDCs) are typically characterized by intermittent and very modest access to private external funding sources. Motivated by recent developments in private flows to LIDCs this paper makes two contributions: First, it constructs a new comprehensive dataset on gross private capital flows with special focus on non-FDI flows in LIDCs. Concentrating on LIDCs and more specifically on gross non-FDI private flows is intentionally aimed at closing a gap in existing datasets where country coverage of developing economies is limited mainly to emerging markets (EMs). Second, using the new data, it identifies several shifting patterns of gross non-FDI private inflows to LIDCs. A surprising fact emerges: since the mid 2000's periods of surges in gross non-FDI private inflows in LIDCs are broadly comparable to those of EMs. Moreover, while gross non-FDI inflows to LIDCs are on average much lower than those to EMs, we show that the LIDC top quartile gross non-FDI inflow is comparable to the EM median inflow and converging to the EM top quartile inflow.
Author : Guillermo Calvo,Morris Goldstein,Eduard Hochreiter
Publisher : Peterson Institute
Page : 362 pages
File Size : 50,8 Mb
Release : 1996
Category : Business & Economics
ISBN : UCSD:31822023728405
Author : Michael Patrick Dooley,Eduardo Fernandez-Arias,Kenneth Kletzer
Publisher : World Bank Publications
Page : 36 pages
File Size : 51,5 Mb
Release : 1994
Category : Capital movements
ISBN : 8210379456XXX
This empirical study finds that while debt reduction and policy reforms in debtor countries have been important determinants of renewed access to international capital markets, changes in international interest rates have been the dominant factor. We calculate the effects of changes in international interest rates for a 'typical' debtor country. We conclude that increases in interest rates associated with business cycle upturn in industrial countries could depress the secondary market prices of existing debt to levels inconsistent with continued capital inflows.
Author : World Bank
Publisher : Washington, D.C. : World Bank
Page : 10 pages
File Size : 50,7 Mb
Release : 1997
Category : Capital movements
ISBN : 0821339265
Author : Ms.Oana Luca,Mr.Nicola Spatafora
Publisher : International Monetary Fund
Page : 37 pages
File Size : 47,5 Mb
Release : 2012-05-01
Category : Business & Economics
ISBN : 9781475518863
We examine determinants of, and interactions between, capital inflows, financial development, and domestic investment in developing countries during 2001-07, a period of surging global liquidity and low interest rates. Reductions in the global price of risk and in domestic borrowing costs were the main contributors to the increase over time in net capital inflows and domestic credit. However, the large cross-country differences in domestic and international finance are best explained by fundamentals such as institutional quality, access to international export markets, and an appropriate macroeconomic policy. Both private capital inflows and domestic credit exert a positive effect on investment; they also mediate most of the investment impact of the global price of risk and domestic borrowing costs. Surprisingly, neither greater domestic credit nor greater institutional quality increase the extent to which capital inflows translate into domestic investment.
