Search Results

SORT BY: PREVIOUS / NEXT
Keywords:developing countries OR Developing countries OR Developing Countries 

Working Paper
The impact of financial frictions on a small open economy: when current account borrowing hits a limit

The evidence of the last 20 years of recurring output busts and rapid reversals of the current account in emerging markets indicates that domestic agents may not be able to borrow in international capital markets to fully insure themselves against internal and external shocks. This paper models this phenomenon as a form of excess volatility by introducing a financial friction into a stochastic model of a small open economy. The financial friction limits the current account deficit to a fixed fraction of gross domestic product. The paper shows that conditional volatility and asymmetry are ...
Working Paper Series , Paper 2002-15

Working Paper
Globalization, locational innovation and East Asian development

Pacific Basin Working Paper Series , Paper 91-02

Working Paper
A public finance analysis of multiple reserve requirements

This paper analyzes multiple reserve requirements of the type that have been imposed by a number of developing countries. We show that previous theoretical work on this topic has not succeeded in providing a social welfare rationale for the existence of multiple reserve requirements. We go on to present a model in which it is possible for a multiple reserves regime to improve social welfare relative to simpler regimes involving reserve requirements and/or deposit taxes. We demonstrate the empirical plausibility of our approach by providing a case study of Mexico, a country with extensive ...
FRB Atlanta Working Paper , Paper 99-19

Working Paper
Exchange rate rules in support of disinflation programs in developing countries

This paper analyzes how exchange rate policies can best support the sustainability of disinflation programs. Freezing the nominal exchange rate frequently has been recommended as a means of suppressing inertial inflation and accelerating the disinflation process. However, because any resultant real exchange rate appreciation often must be corrected through a subsequent devaluation, targeting the nominal exchange rate may merely postpone inflation rather than eliminate it once-and-for-all. This paper argues that because excessive inflation during any particular period may jeopardize the ...
International Finance Discussion Papers , Paper 402

Journal Article
COVID-19: Fiscal Implications and Financial Stability in Developing Countries

The COVID-19 pandemic has been unlike any other crisis that we have experienced in that it hit all economies in the world at the same time, compromising the risk-sharing ability of nations. At the onset of the pandemic, the World Bank (WB) and the International Monetary Fund (IMF) jointly pledged 1.16 trillion U.S. dollars to help emerging economies deal with COVID-19. Would this amount have been enough to preserve financial stability in a worst case scenario, and what were the fiscal implications of the pandemic? In this article we aim to answer these questions by documenting the size of the ...
Review , Volume 105 , Issue 3 , Pages 137-149

Working Paper
Labor Market Institutions and the Effects of Financial Openness

We propose a new channel to explain why developing countries may fail to benefit from financial globalization, based on labor market institutions. In our model, financial openness in a developing country with a rigid labor market leads to capital outflow, and both employment and output fall. In contrast, financial openness in a developing country with a flexible labor market benefits the country. Our model suggests that enhancing labor market flexibility is a complementary reform for developing countries opening capital accounts.
Research Working Paper , Paper RWP 19-11

Journal Article
Recent trade liberalization in developing countries: the effects on global trade and output

Many developing countries are currently easing import tariffs and other barriers to trade. This article estimates the impact of these reforms on international trade flows and global output under alternative assumptions about the ability of developing countries to finance increased import purchases. Particular attention is given to the effect of these reforms on the U.S. economy. The author also considers how the trade policies of the United States and other industrialized countries may influence the trade and output effects of the reforms.
Quarterly Review , Volume 18 , Issue Aut , Pages 6-19

Conference Paper
Foreign direct investment, trade, and real exchange rate linkages in developing countries

Proceedings

Journal Article
Statement issued on debt policy of developing countries

Federal Reserve Bulletin , Issue May

Conference Paper
The U.S. current account deficit: collateral for a total return swap

Proceedings , Issue Feb

FILTER BY year

FILTER BY Series

FILTER BY Content Type

Journal Article 76 items

Working Paper 43 items

Conference Paper 36 items

Report 17 items

Speech 4 items

Discussion Paper 2 items

show more (1)

FILTER BY Author

Kamin, Steven B. 8 items

Moreno, Ramon 7 items

Hutchison, Michael M. 5 items

Spiegel, Mark M. 5 items

Cheng, Hang-Sheng 4 items

Glick, Reuven 4 items

show more (190)

FILTER BY Jel Classification

E24 2 items

F41 2 items

F44 2 items

J08 2 items

E0 1 items

E26 1 items

show more (18)

FILTER BY Keywords

Developing countries 173 items

Debts, External 26 items

International trade 22 items

Economic development 20 items

Loans, Foreign 17 items

Capital movements 15 items

show more (158)

PREVIOUS / NEXT