capital account liberalization and wage inequality
How and Where Capital Account Liberalization Leads to Economic Growth
... financial liberalization mobilizes savings and allocates capital to more productive uses, both of which help increase the amount of physical capital and its productivity. Financial liberalization, ... quantity and quality of investment (see, for example, Arestis and 1 I am grateful to Warren Mosler and Malcolm Sawyer for extensive and helpful comments. All remaining errors, omissions and ... 1950s and 1960s, which was challenged by Goldsmith (1969) in the late 1960s, and by McKinnon (1973) and Shaw (1973) in the early 1970s. They ascribed the poor performance of investment and growth...
Ngày tải lên: 24/10/2012, 08:50
CAPITAL ACCOUNT LIBERALIZATION, INSTITUTIONS AND FINANCIAL DEVELOPMENT: CROSS COUNTRY EVIDENCE
... 1-48. Klein, Michael and Giovanni Olivei (2001), Capital Account Liberalization, Financial Depth and Economic Growth,” mimeo (Medford, MA: Tufts). Kletzer, Kenneth and Ashoka Mody (2000), ... surrender of export proceeds. The most relevant capital controls are k 2 and k 3 . They indicate restrictions on current account and capital account transactions, respectively. The eighth ... liberalizing or restricting its capital accounts. In concrete terms, a value of 0.5 can indicate that the capital account was closed the first half of the period, and open the second, or vice versa....
Ngày tải lên: 25/10/2013, 10:15
capital market liberalization and development jun 2008
... between capital market liberalization and capital account instability, between capital account instability and, more broadly CML and macroeconomic instabil- ity, and between CML and growth. 1.3.1 Capital ... 1 Capital Market Liberalization and Development José Antonio Ocampo, Shari Spiegel, and Joseph E. Stiglitz 1.1 Introduction In the 1980s and 1990s, many countries opened their capital accounts ... example, happens when 28 Capital Market Liberalization and Development capital market liberalization can lead to a worsening of market efficiency, and appropriately designed capital market interventions...
Ngày tải lên: 11/06/2014, 10:40
Tài liệu Financial Liberalization and the Capital Account Thailand 1988–1997 doc
... Aftermath of the Liberalization of the Financial System and the Capital Account Financial sector liberalization and the opening of the capital account changed the business of banking in Thailand. For ... Finland and Norway in the late 1980s and early 1990s, and Mexico in 1994–95. Nevertheless, Thailand’s crisis illustrateslike Chile’s in the early 1980s—that opening the capital account and integrating ... requirements. Source: Bank of Thailand, Financial Institutions and Markets in Thailand, 1998. 3. Conclusions Private capital flows validated and exacerbated the domestic macro cycle in Thailand, and despite efforts...
Ngày tải lên: 27/01/2014, 11:20
Tài liệu Resource Mobilization, Financial Liberalization, and Investment: The Case of Some African Countries doc
... and statistically significant in the case of Kenya and Rwanda. It is negative but not significant in the case of Zimbabwe, positive and statistically insignificant in the cases of Morocco and ... positive below equilibrium and negative above it. These are Burkina Faso, Ghana, Nigeria, Sierra Leone, Senegal, Swaziland, and Zimbabwe. In the case of Burkina Faso and Swaziland a one per cent increase ... available working capital, and thus of net output. An increase in deposit interest rates, is thus expected to increase holdings of financial assets (broad money) and hence working capital and output....
Ngày tải lên: 17/12/2013, 05:15
Emerging Market Liberalization and the Impact on Uncovered Interest Rate Parity potx
... summarizes and suggests further research. 2. Risk Premium and Liberalization Market liberalization can impact UIRP through two basic channels, the exchange rate and/ or nominal interest rates (and ... Singal (2000), Bekaert and Harvey (1998) and Bekaert (1995)). Others such as Mexico and Thailand have been forced to abandon fixed exchange rate regimes in the post -liberalization period. Arguably, ... integrated. For instance, both Dumas and Solnik (1995) and De Santis and Gerard (1998) assume that currency and equity markets are internationally integrated and impose the same price of world...
Ngày tải lên: 06/03/2014, 14:20
Lifetime Financial Advice: Human Capital, Asset Allocation, and Insurance potx
... one hand, correlations and dependence when considering human capital and aggregate stock market returns (such as return of the S&P 500 Index) and, on the other hand, correlations of human capital ... human capital and their financial capital were heavily affected. There is growing recognition among academics and practitioners that the risk and return characteristics of human capital such as wage ... relationships among financial capital, human capital, other factors (such as savings and the investor’s aversion to risk), and the asset allocation of financial capital. Human Capital and Asset Allocation...
Ngày tải lên: 23/03/2014, 02:20
DIASPORA INVESTMENT IN DEVELOPING AND EMERGING COUNTRY CAPITAL MARKETS: PATTERNS AND PROSPECTS pot
... the Rwandan diaspora as well as the afinity diaspora ie friends and associates of Rwandans abroad and others with a personal connection to Rwanda Rwandans residing in Rwanda and general ... Rwandan Foreign Ministry and technical assistance from the National Bank of Rwanda the countrys central bank and the Rwandan Capital Markets Advisory Council the countrys securities and ... these accounts Although not strictly capital market investments deposit accounts expand bank capitalization and are often a prerequisite to direct participation in countryoforigin capital...
Ngày tải lên: 29/03/2014, 08:20
Accounting for the U.S. Earnings and Wealth Inequality by Ana Casta˜neda, Javier D´ıaz-Gim´enez and Jos´e-V´ıctor R´ıos-Rull∗ potx
... all B ∈B, where ∨ and ∧ are the logical operators “or” and and . Equation (14) counts the households, and the cumbersome indicator functions and logical operators are used to account for estate ... that accounts for the U.S. distributions of earnings and wealth. We find that we can. Previous answers: Quadrini and R´ıos-Rull (1997) review the quantitative attempts to account for earnings and ... theory of earnings and wealth inequality is based on the optimal choices of households with identical and standard preferences. These households receive an idiosyn- cratic random endowment of...
Ngày tải lên: 29/03/2014, 20:20
Báo cáo sinh học: " Hierarchical convergence of an implicit double-net algorithm for nonexpansive semigroups and variational inequality problems" ppt
... monotonicity of A and the fact that y , we have (I àA)x t x t , x t y (I àA)y y, x t y 0. (3.8) Thus, it follows from (3.7) and (3.8) that f(x t ) − x t , x t − y ≥ 0, ∀y ∈ Ω (3.9) and hence x t − ... an implicit double-net algorithm for nonexpansive semigroups and variational inequality problems Yonghong Yao 1 , Yeol Je Cho ∗2 and Yeong-Cheng Liou 3 1 Department of Mathematics, Tianjin Polytechnic ... variational inequality Ax , z − x ≥ 0, ∀z ∈ Fix(S). That is, x is a solution of the problem (1.1) and hence x ∈ Ω. Finally, we prove that x = x ∗ , the unique solution of the variational inequality...
Ngày tải lên: 18/06/2014, 22:20
Báo cáo toán học: " Hierarchical convergence of an implicit doublenet algorithm for nonexpansive semigroups and variational inequality problems" doc
... nonexpansive semigroups and variational inequality problems Yonghong Yao 1 , Yeol Je Cho 2* and Yeong-Cheng Liou 3 * Correspondence: yjcho@gsnu.ac. kr 2 Department of Mathematics Education and the RINS, Gyeongsang ... algorithm for nonexpansive semigroups and variational inequality problems. Fixed Point Theory and Applications 2011 2011:101. Submit your manuscript to a journal and benefi t from: 7 Convenient online ... - f and A are monotone, we have (I − f)z − (I − f )x ∗ , z − x ∗ ≥0 and Az − Ax ∗ , z − x ∗ ≥0. Yao et al. Fixed Point Theory and Applications 2011, 2011:101 http://www.fixedpointtheoryandapplications.com/content/2011/1/101 Page...
Ngày tải lên: 20/06/2014, 21:20
