capital account liberalization and wage inequality
How and Where Capital Account Liberalization Leads to Economic Growth
Ngày tải lên :
24/10/2012, 08:50
... 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...
- 23
- 502
- 1
CAPITAL ACCOUNT LIBERALIZATION, INSTITUTIONS AND FINANCIAL DEVELOPMENT: CROSS COUNTRY EVIDENCE
Ngày tải lên :
25/10/2013, 10:15
... 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....
- 45
- 412
- 0
capital market liberalization and development jun 2008
Ngày tải lên :
11/06/2014, 10:40
... 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...
- 388
- 155
- 0
Tài liệu Financial Liberalization and the Capital Account Thailand 1988–1997 doc
Ngày tải lên :
27/01/2014, 11:20
... 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...
- 61
- 426
- 0
Tài liệu Resource Mobilization, Financial Liberalization, and Investment: The Case of Some African Countries doc
Ngày tải lên :
17/12/2013, 05:15
... 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....
- 17
- 641
- 0
Emerging Market Liberalization and the Impact on Uncovered Interest Rate Parity potx
Ngày tải lên :
06/03/2014, 14:20
...
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...
- 56
- 769
- 0
Lifetime Financial Advice: Human Capital, Asset Allocation, and Insurance potx
Ngày tải lên :
23/03/2014, 02:20
... 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...
- 103
- 501
- 0
DIASPORA INVESTMENT IN DEVELOPING AND EMERGING COUNTRY CAPITAL MARKETS: PATTERNS AND PROSPECTS pot
Ngày tải lên :
29/03/2014, 08:20
... 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...
- 35
- 378
- 0
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
Ngày tải lên :
29/03/2014, 20:20
... 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...
- 42
- 454
- 0
Báo cáo sinh học: " Hierarchical convergence of an implicit double-net algorithm for nonexpansive semigroups and variational inequality problems" ppt
Ngày tải lên :
18/06/2014, 22:20
... 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...
- 20
- 275
- 0
Báo cáo toán học: " Hierarchical convergence of an implicit doublenet algorithm for nonexpansive semigroups and variational inequality problems" doc
Ngày tải lên :
20/06/2014, 21:20
... 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...
- 10
- 324
- 0
