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FDI and the Investment Climate in the CIS Countries »
Source: FDI and the Investment Climate in the CIS Countries
Volume/Issue: 2003/5
Series: IMF Policy Discussion Papers
Author(s): Clinton Shiells
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2003
ISBN: 9781451972849
Keywords: Former Soviet Union, Montenegro, Transition economies, Investment climate, FDI, Regional issues, investment, capital flows, direct investment,
In view of disappointing levels of inward foreign direct investment (FDI), this paper examines capital flows into the Commonwealth of Independent States (CIS) countries and investigates the main impediments to a mo...
Why Does Fdi Go Where it Goes? New Evidence From the Transition Economies »
Source: Why Does Fdi Go Where it Goes? New Evidence From the Transition Economies
Volume/Issue: 2003/228
Series: IMF Working Papers
Author(s): Yuko Kinoshita , and Nauro Campos
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2003
ISBN: 9781451875461
Keywords: fdi, market size, foreign investors, host country, Multiple or Simultaneous Equation Models: Models with Panel Data, Socialist Systems and Transitional Economies: Performance and Prospects,
This paper examines the importance of agglomeration economies and institutions vis-a-vis initial conditions and factor endowments in explaining the locational choice of foreign investors. Using a unique panel data...
Sovereign Wealth Funds »
Source: Sovereign Wealth Funds : Current Institutional and Operational Practices
Volume/Issue: 2008/254
Series: IMF Working Papers
Author(s): Peter Kunzel , Cornelia Hammer , and Iva Petrova
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2008
ISBN: 9781451871128
Keywords: Governance and Accountability, Investment and Risk Management, risk management, pension, legal entity, legal entities, internal audit,
While SWFs as a group share broad common institutional and operational practices, these practices also differ considerably reflecting the diversity of these institutions. These differences derive from the nature of...
Caucasus and Central Asia Capital Inflows: A Mixed Blessing? »
Source: IMF Survey, Volume 36 Issue 09
Volume/Issue: 36/9
Series: IMF Survey
Author(s): International Monetary Fund. External Relations Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 31 May 2007
ISBN: 9781451938432
Keywords: survey, internet, news
IEO on IMF exchange rate advice; GFSR: financial system risks and issues for regulators; good times in Belgium; Africa's oil exporters; outlook for Middle East and Central Asia; Caucasus and Central Asia:capital fl...
Exchange Rate Flexibility and Credit during Capital Inflow Reversals »
Source: Exchange Rate Flexibility and Credit during Capital Inflow Reversals : Purgatory…not Paradise
Volume/Issue: 2014/61
Series: IMF Working Papers
Author(s): Nicolas Magud , and Esteban Vesperoni
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 16 April 2014
ISBN: 9781475543735
Keywords: reversals, macro-prudential, exchange rate, exchange rate regimes, exchange rate flexibility, flexible exchange rate, exchange rate regime, Open Economy Macroeconomics,
We document the behavior of macro and credit variables during episodes of capital inflows reversals in economies with different degrees of exchange rate flexibility. We find that exchange rate flexibility is associ...
Today versus Tomorrow - The Sensitivity of the Non-Oil Current Account Balance to Permanent and Current Income »
Source: Today versus Tomorrow - The Sensitivity of the Non-Oil Current Account Balance to Permanent and Current Income
Volume/Issue: 2009/248
Series: IMF Working Papers
Author(s): Alun Thomas , and Tamim Bayoumi
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2009
ISBN: 9781451873955
Keywords: Permanent Income Model, non-oil current account, oil wealth, rate of return, current account, permanent income, current income, consumption decisions,
This paper applies the Permanent Income Model to the non-oil current accounts of the major oil exporters to assess the extent to which national consumption decisions in these countries are made on the basis of perm...
Investment Objectives of Sovereign Wealth Funds »
Source: Investment Objectives of Sovereign Wealth Funds : A Shifting Paradigm
Volume/Issue: 2011/19
Series: IMF Working Papers
Author(s): Iva Petrova , Jukka Pihlman , Peter Kunzel , and Yinqiu Lu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2011
ISBN: 9781455211968
Keywords: Portfolio Choice, Investment and Risk Management, Government Policy and Regulation, pension, pension reserve, investment objectives, pension fund, risk management, International Finance: General, General Financial Markets: Government Policy and Regulation,
While SWF investment objectives to some extent reflect inherent characteristics, notable differences in strategic asset allocation (SAA) exist even amongst SWFs of similar types. Even so, this paper shows that the...
Capital Inflows in the Baltic Countries, Russia, and Other Countries of the Former Soviet Union »
Source: Capital Inflows in the Baltic Countries, Russia, and Other Countries of the Former Soviet Union : Monetary and Prudential Issues
Volume/Issue: 1996/22
Series: IMF Working Papers
Author(s): Alain Ize
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 1996
ISBN: 9781451921243
Keywords: inflation, central bank, monetary policy, money supply, foreign exchange
Significant capital inflows were observed during the first half of 1995 in a number of FSU countries. This paper reviews the recent experience of those countries with significant inflows, examines policy responses...
Are Middle Eastern Current Account Imbalances Excessive? »
Source: Are Middle Eastern Current Account Imbalances Excessive?
Volume/Issue: 2011/195
Series: IMF Working Papers
Author(s): Paul Cashin , and Samya Beidas-Strom
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2011
ISBN: 9781462305247
Keywords: Current account determination, macroeconomic balance approach, oil exporters, exporters, reer, exporting countries, terms of trade, International Lending and Debt Problems, International Policy Coordination and Transmission,
Employing a dynamic panel regression, this study estimates the medium-term current account position for three subgroups of emerging market and developing countries with shared economic characteristics. The fundamen...
How Russia Affects the Neighborhood - Trade, Financial, and Remittance Channels »
Source: How Russia Affects the Neighborhood - Trade, Financial, and Remittance Channels
Volume/Issue: 2009/277
Series: IMF Working Papers
Author(s): Jaime Espinosa-Bowen , Nadeem Ilahi , and Fahad Alturki
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2009
ISBN: 9781451874228
Keywords: business cycle, growth linkages, Russia, Commonwealth of Independent States (CIS), regional linkages, decoupling, divergence, convergence, and trade, gdp growth
We test the extent to which growth in the 11 CIS countries (excluding Russia) was associated with developments in Russia, overall, as well as through the trade, financial and remittance channels over the last decad...