International capital flows
- Foreign Direct Investment by African countries
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FDI from developing countries has risen sharply over the past two decades. Most FDI has been by Asian firms establishing footholds in other Asian countries but there has also been investment in developed countries such as the European Union. However, with the exception of South African investment, there is little FDI stemming from Sub-Saharan Africa.
Latest Additions
- Managed float regimes with little sterilisation deal best with aid surges
- ( C. Adam;E. Buffie;S. O'Connell / Centre for the Study of African Economies, Oxford , 2007)
- Highly persistent shocks to aid flows such as HIPC or MDG-related increases in net flows have beneficial long-run effects. However, they produce dramatic macroeconomic management problems in the short...
- Booming foreign direct investment is likely to accentuate India’s regional disparity in growth
- ( P. Nunnenkamp;R. Stracke / Kiel Institute of World Economics/Institut für Weltwirtschaft , 2007)
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This paper addresses two major issues related to foreign direct investment and regional development in India’s post-reform period – spatial distribution of FDI and the relationship betw...
- Global growth will persist despite the return of broad scale inflation
- ( I. Kalish / Deloitte , 2008)
- Global imbalances have contributed to the build up of a speculative bubble in the US housing market. Their unwinding after the recent bursting of this bubble might mark the return of broad scale infla...
- Successful policies bringing economic growth and poverty reduction in Argentina
- ( L. Sandoval;M. Weisbrot / Center for Economic and Policy Research, Washington , 2007)
- Argentina has recovered quickly from a record sovereign debt default and financial collapse in December 2001. The authors argue that this was due to a shift in government policy after IMF promoted aus...
- Accurate forecasting of bond yields in Brazil
- ( J. Vicente;B.M. Tabak / Banco Central do Brasil , 2007)
- This paper assesses the ability of different models to forecast the yield curve in the Brazilian fixed income market. Affine term structure models have become the main tool to explain stylised facts a...
- The dangers of pegging a currency to the US dollar
- ( J.D. Alba;D. Park / Asian Development Bank , 2007)
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The exchange rate peg to the United States dollar is widely believed to have been a major cause of the Asian financial crisis of 1997. This paper examines the actual behaviour of pre-crisis exchang...
- The development of a capital market in Slovenia
- ( J. R. Andritzky / International Monetary Fund Working Papers , 2007)
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This paper argues that Slovenia lacks the scale to develop thriving capital markets from their local investor and issuer base. Despite the necessary infrastructure in place, trading has remained th...
- International financial implications of currency movements
- ( P. R. Lane;J. C. Shambaugh / Institute for International Integration Studies, Ireland , 2007)
- This paper aims to improve the empirical understanding of the international financial implications of currency movements. The analysis shows that trade-weighted exchange rate indices are an inadequate...
- The Nairobi Stock Exchange (NSE) as a regional bond market?
- ( Institute of Policy Analysis and Research, Kenya , 2005)
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This policy brief outlines findings from a study addressing three key policy questions: how can the governments within the Eastern African region finance their perpetual budget deficit using bonds?...
- Macroeconomic policies should support the achievement of the MDGs
- ( J. Weeks;T. McKinley / UNDP International Poverty Centre , 2007)
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An alternative macroeconomic framework oriented towards achieving the Millennium Development Goals (MDGs) in Sub-Saharan Africa is known and feasible. Currently, the effects of neoliberal reforms h...
