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Republic of Moldova: Selected Issues

Republic of Moldova: Selected Issues

Added by Zunia.org on October 23, 2012

Rethinking Capital Flows for Emerging East Asia

Rethinking Capital Flows for Emerging East Asia

Policy perspectives on capital flows have shifted markedly over time. Since the 1980s developing countries have been urged to deregulate financial markets and encourage capital flows. This paper looks at the response of the East Asian emerging countries to the crisis experience and the impact this had on capital flows, including in countries that were not directly affected by the crisis. Section two looks at the changing mindset on capital flows, with section three recording where current more...

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Sonia Hossain on June 26, 2012

The International Regulatory Regime on Capital Flows

The International Regulatory Regime on Capital Flows

Capital controls and exchange restrictions are used to restrict international capital flows during economic crises. This paper looks at the legal implications of these restrictions and explores the current international regulatory framework applicable to international capital movements and current payments. It shows how international capital flows suffer from the lack of a comprehensive and coherent regulatory framework that would harmonize the patchwork of multilateral, regional, and bilateral more...

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Sonia Hossain on January 17, 2012

Operational–risk Dependencies and the Determination of Risk Capital

Operational–risk Dependencies and the Determination of Risk Capital

recent.unimore.it –

With the advent of Basel II, risk–capital provisions need to also account for operational risk. The specification of dependence structures and the assessment of their effects on aggregate risk–capital are still open issues in modeling operational risk. In this paper, the authors investigate the potential consequences of adopting the restrictive Basel’s Loss Distribution Approach (LDA), as compared to strategies that take dependencies explicitly into account. It is found that risk–capital more...

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Sonia Hossain on December 15, 2011

Global Imbalances in a World of Inflexible Real Exchange Rates and Capital Controls

Global Imbalances in a World of Inflexible Real Exchange Rates and Capital Controls

This paper addresses the issue of international payments in a stock-flow framework, by capturing the interaction between the current account balance and international assets portfolios of domestic and foreign investors. It is argued that the stability of such interaction may be affected by shifts in the preferences of investors, by the relative rate of return of different assets, and—more in general—by institutional settings. The model is then used for policy analysis purposes to derive the more...

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Sonia Hossain on December 7, 2011

The Impossible Trinity and Capital Flows in East Asia

The Impossible Trinity and Capital Flows in East Asia

While the initial certainty and stark simplicity of the Impossible Trinity have fuzzed and softened over time, this idea still holds a powerful sway over analysis of exchange rates and in the policy debate on capital flows. Yet the practical evidence suggests that the constraints on policy implicit in this doctrine are greatly exaggerated. This disconnect between the analysis and the practical world seems a major limitation on developing suitable policies for addressing the very real problems more...

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Sonia Hossain on November 16, 2011

Capital flows, push versus pull factors and the global financial crisis

Capital flows, push versus pull factors and the global financial crisis

The causes of the 2008 collapse and subsequent surge in global capital flows remain an open and highly controversial issue. Employing a factor model coupled with a dataset of high-frequency portfolio capital flows to 50 economies, the paper finds that common shocks – key crisis events as well as changes to global liquidity and risk – have exerted a large effect on capital flows both in the crisis and in the recovery. However, these effects have been highly heterogeneous across countries, with a more...

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Sonia Hossain on August 10, 2011

Informe de Inversión Extranjera Directa en América Latina y el Caribe

Informe de Inversión Extranjera Directa en América Latina y el Caribe

La llegada de IED a América Latina y el Caribe aumentó un 40% en 2010 respecto del año anterior y totalizó 113.000 millones de dólares, mientras que las salidas casi se cuadruplicaron y alcanzaron la cifra récord de 43.000 millones de dólares, lo que da muestra del gran dinamismo de las empresas translatinas. La recuperación de la IED en la región se enmarca en un contexto en que los países en desarrollo han aumentado su participación en los flujos de IED, tanto en calidad de receptores more...

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Miguel Perez Ludena on May 4, 2011

Foreign Direct Investment in Latin America and the Caribbean Report

Foreign Direct Investment in Latin America and the Caribbean Report

FDI into Latin America and the Caribbean reached US$113bn in 2010, 40% up from 2009, and is expected to grow by 15-25% in 2011. FDI outflows from Latin American economies grew even more, to reach US$43bn, reflecting the rapid international expansion of Mexican, Brazilian and Chilean corporations. This annual publication from the UN Economic Commission for Latin America and the Caribbean (ECLAC) reports on investment flows in all economies of the region and analyses determinants and impacts. more...

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Miguel Perez Ludena on May 4, 2011

Cash Transfers

dfid.gov.uk –

DFID's new Evidence paper provides a synthesis of the global evidence on the impact of cash transfers in developing countries, and on what works in different contexts and for different development objectives.Firstly, evidence is summarized on the multiple types of impact that cash transfers can have in achieving a range of social and economic policy objectives. Secondly, evidence is assessed regarding specific design and implementation choices for tailoring programmes to particular objectives more...

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Sonia Hossain on May 4, 2011

Doubts About Capital Controls

Doubts About Capital Controls

China’s policy of holding down the value of its currency and monetary easing in the United States have led to large capital inflows into emerging economies, raising fears of currency appreciation and asset bubbles. In response, policymakers in emerging markets have resurrected the tool of capital controls to restrict inflows. Perhaps surprisingly, the international financial institutions, led by the IMF, have given their approval to such restrictions. In this Center for Geoeconomic Studies more...

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Moushumi Biswas on April 20, 2011

Capital Flows to Latin America: 2010 Overview and recent developments

Capital Flows to Latin America: 2010 Overview and recent developments

This Economic Commission for Latin America and the Caribbean (ECLAC) document details the economic conditions and outlook of Latin America. Economic conditions in Latin Americas were very supportive of capital flows to emerging markets in 2010 and are expected to remain favourable. Latin American investors remain bullish on the region's outlook in 2011. However, they also see some external and domestic downside risks to the region's benign outlook. Global economic activity strengthened in the more...

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Moushumi Biswas on April 5, 2011

What Happens to Frozen Assets? The U.S. seized $30 billion from Qaddafi

What Happens to Frozen Assets? The U.S. seized $30 billion from Qaddafi

President Obama ordered the Treasury to block $30 billion worth of Libyan assets on Friday, the "largest amount of foreign assets ever seized in an American sanctions action." What will happen to all that money? Nothing much. While some news stories refer to the president's move as a seizure, it's more accurate to call it a freezing or blocking, since the government hasn't actually taken control of any assets. Rather, the executive order prohibits U.S. institutions from transferring money more...

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Farina Ahmed on March 2, 2011

The Effects of Convergence in Governance on Capital Accumulation in the Black Sea Economic Cooperation Countries

The Effects of Convergence in Governance on Capital Accumulation in the Black Sea Economic Cooperation Countries

This paper aims to ascertain the effects of convergence in governance on investment decisions among a sample of 43 developing countries. Black Sea Economic Cooperation (BSEC) countries have gone through a transition process and, to a large extent, this is about institutional transformation. In this paper, the authors investigate the impact of BSEC on its member countries regarding convergence of governance institutions. This study is the first attempt in the BSEC region to investigate the link more...

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Sonia Hossain on February 14, 2011

India's financial globalisation

India's financial globalisation

Added by Zunia.org on January 22, 2011

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