What Factors Appear To Drive Private Capital Flows To Developing Countries

Author : Dipak Das Gupta
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4./5 ( download)

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Download or read book What Factors Appear to Drive Private Capital Flows to Developing Countries? written by Dipak Das Gupta and published by World Bank Publications. This book was released on 2000 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 Hernández
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4./5 ( download)

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Download or read book Sustainability of Private Capital Flows to Developing Countries written by Leonardo Hernández and published by World Bank Publications. This book was released on 1995 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : World Bank
Publisher : Washington, D.C. : World Bank
ISBN 13 : 9780821339268
Total Pages : 10 pages
Book Rating : 4.65/5 ( download)

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Download or read book Private Capital Flows to Developing Countries written by World Bank and published by Washington, D.C. : World Bank. This book was released on 1997 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Swarnali Ahmed Hannan
Publisher : International Monetary Fund
ISBN 13 : 1484378288
Total Pages : 22 pages
Book Rating : 4.81/5 ( download)

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Download or read book Revisiting the Determinants of Capital Flows to Emerging Markets--A Survey of the Evolving Literature written by Swarnali Ahmed Hannan and published by International Monetary Fund. This book was released on 2018-09-28 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper documents the evolution of gross and net capital flows to emerging market economies and surveys the large literature on the potential drivers. While the capital flow landscape has been shaped by the evolution of both global and country-specific factors, the relative importance of these factors has varied over time and differs depending on the type of capital flows. The findings from the survey of the literature thus underscores the importance of policies in both source and recipient countries in shaping capital flows.

Author :
Publisher : World Bank Publications
ISBN 13 : 9780195211160
Total Pages : 432 pages
Book Rating : 4.62/5 ( download)

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Download or read book Private Capital Flows to Developing Countries written by and published by World Bank Publications. This book was released on 1997 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Gerald K. Helleiner
Publisher : Commonwealth Secretariat
ISBN 13 : 9780850925395
Total Pages : 44 pages
Book Rating : 4.98/5 ( download)

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Download or read book Private Capital Flows and Development written by Gerald K. Helleiner and published by Commonwealth Secretariat. This book was released on 1998 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Alexander Fleming
Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.76/5 ( download)

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Download or read book Private Capital Flows to Developing Countries and Their Determination written by Alexander Fleming and published by . This book was released on 1981 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Mr.Thierry Tressel
Publisher : International Monetary Fund
ISBN 13 : 145520935X
Total Pages : 46 pages
Book Rating : 4.54/5 ( download)

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Download or read book International Capital Flows and Development written by Mr.Thierry Tressel and published by International Monetary Fund. This book was released on 2010-10-01 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does capital flow from rich to poor countries? We revisit the Lucas paradox and explore the role of capital account restrictions in shaping capital flows at various stages of economic development. We find that, when accounting for the degree of capital account openness, the prediction of the neoclassical theory is confirmed: less developed countries tend to experience net capital inflows and more developed countries tend to experience net capital outflows, conditional of various countries’ characteristics. The findings are driven by foreign direct investment, portfolio equity investment, and to some extent by loans to the private sector.

Author : Erlend Nier
Publisher : International Monetary Fund
ISBN 13 : 1498352928
Total Pages : 35 pages
Book Rating : 4.25/5 ( download)

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Download or read book Gross Private Capital Flows to Emerging Markets written by Erlend Nier and published by International Monetary Fund. This book was released on 2014-10-27 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses empirically the key drivers of private capital flows to a large sample of emerging market economies in the last decade. It analyzes the effect of the global financial cycle, measured by the VIX, on capital flows and investigates the role of fundamentals and country characteristics in mitigating or amplifying its effect. Using interaction models, we find the effect of the VIX to be non-linear. For low levels of the VIX, capital flows are driven by fundamental factors. During periods of stress, the VIX becomes the dominant driver of capital flows while other determinants, with the exception of interest rate differentials, lose statistical significance. Our results also suggest that the effect of global financial conditions on gross private capital flows increases with the host country’s level of financial sector development. Finally, our results imply that countries cannot fully insulate themselves from global financial shocks, unless creating a fragmented global financial system.

Author : Leonardo Hernandez
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.83/5 ( download)

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Download or read book Sustainability of Private Capital Flows to Developing Countries: Is a Generalized Reversal Likely? written by Leonardo Hernandez and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.