06243oam 22011894 450 991078824130332120230721045627.01-4623-3762-71-4527-1577-71-282-84242-097866128424291-4518-7167-8(CKB)3170000000054603(EBL)1608164(SSID)ssj0000940083(PQKBManifestationID)11600619(PQKBTitleCode)TC0000940083(PQKBWorkID)10948459(PQKB)10470871(OCoLC)465443263(MiAaPQ)EBC1608164(IMF)WPIEE2009020(EXLCZ)99317000000005460320020129d2009 uf 0engurcn|||||||||txtccrCapital Inflows and the Real Exchange Rate : Can Financial Development Cure the Dutch Disease? /Christian SaborowskiWashington, D.C. :International Monetary Fund,2009.1 online resource (44 p.)IMF Working PapersDescription based upon print version of record.1-4519-1603-5 Includes bibliographical references.Contents; I. Introduction; II. Literature Review; III. Empirical Approach; IV. Econometric Methodology; V. Estimation Results; A. Financial Market Development; B. Capital Market Development; VI. Robustness; VII. Discussion; Tables; 1. The Impact of FDI and OCI on the Real Exchange Rate; 2A. Liquid Liabilities and the Impact of FDI Inflows on the Real Exchange Rate; 2B. Private Credit and the Impact of FDI Inflows on the Real Exchange Rate; 2C. Stock Market Size and the Impact of FDI Inflows on the Real Exchange Rate; 2D. Stock Market Activity and the Impact of FDI Inflows on the Real3A. Robustness: Additional Variables in Liquid Liabilities Regression 3B. Robustness: Additional Variables in Stock Market Size Regression; 3C. Robustness: Additional Variables in Stock Market Activity Regression; 4A: Robustness: Excluding One Income Group at a Time in Liquid Liabilities Regression; 4B: Robustness: Excluding One Income Group at a Time in Market Size Regression; 4C: Robustness: Excluding One Income Group at a Time in Market Activity Regression; 5A. Robustness: Excluding One Region at a Time in Liquid Liabilities Regression5B. Robustness: Excluding One Region at a Time in Stock Market SIZE Regression 5C. Robustness: Excluding One Region at a Time in Stock Market Activity Regression; Appendixes; I. List of Countries; Appendix Tables; 5. List of 84 Countries Used for the Analysis; II. Definitions and Sources of Variables; 6. Definitions and Sources of Variables; III. Summary of Statistics; 7A. Summary Statistics (1997-2006); 7B. Composition of Capital Inflows (1990-2006); IV. Sample of Correlations; 8. Sample Correlations (1997-2006); ReferencesThis paper argues that, in improving the efficient allocation of resources, financial sector development could dampen the appreciation effect of capital inflows. Using dynamic panel data techniques, the paper finds that the exchange rate appreciation effect of FDI inflows is indeed attenuated when financial and capital markets are larger and more active. The main implication of these results is that one of the main dangers associated with large capital inflows in emerging markets-the destabilization of macroeconomic management due to a sizeable appreciation of the real exchange rate-can be mitigated partly by developing a deep financial sector.IMF Working Papers; Working Paper ;No. 2009/020Capital movementsForeign exchange ratesExports and ImportsimfFinance: GeneralimfForeign ExchangeimfMultiple or Simultaneous Equation Models: Models with Panel DataimfFinancial Markets and the MacroeconomyimfCurrent Account AdjustmentimfShort-term Capital MovementsimfInternational InvestmentimfLong-term Capital MovementsimfGeneral Financial Markets: General (includes Measurement and Data)imfFinanceimfCurrencyimfForeign exchangeimfInternational economicsimfForeign direct investmentimfReal exchange ratesimfCapital inflowsimfFinancial sector developmentimfStock marketsimfBalance of paymentsimfFinancial marketsimfInvestments, ForeignimfCapital movementsimfFinancial services industryimfStock exchangesimfUnited KingdomimfCapital movements.Foreign exchange rates.Exports and ImportsFinance: GeneralForeign ExchangeMultiple or Simultaneous Equation Models: Models with Panel DataFinancial Markets and the MacroeconomyCurrent Account AdjustmentShort-term Capital MovementsInternational InvestmentLong-term Capital MovementsGeneral Financial Markets: General (includes Measurement and Data)FinanceCurrencyForeign exchangeInternational economicsForeign direct investmentReal exchange ratesCapital inflowsFinancial sector developmentStock marketsBalance of paymentsFinancial marketsInvestments, ForeignCapital movementsFinancial services industryStock exchangesSaborowski Christian1205326DcWaIMFBOOK9910788241303321Capital Inflows and the Real Exchange Rate3673522UNINA01600nam0 22003011i 450 UON0002302820231205102027.31520020107d1988 |0itac50 bamulTW|||| 1||||JIANG Zongtong Jingguo Xiansheng Aisilu[ed. by] Jiang Zongtong Jingguo Xiansheng Aisilu Bianzuan XiaozuTaipeiJiang Zongtong Jingguo [...]1988 3 v.ill. ; 27 cmCIN GEN D I 7 (1)IT-UONSI CINGEND I/007CIN GEN D I 7 (2)IT-UONSI CINGEND I/007CIN GEN D I 7 (3)IT-UONSI CINGEND I/007JIANG ZONGTONGSCRITTI IN MEMORIAUONC007845FITaipeiUONL000076CIN GEN D ICINA - STUDI IN ONORE DI - GENERALIAAJiang Zongtong Jingguo Xiansheng Aisilu Bianzuan XiaozuTaipeiUONV015532s.e.UONV246307650ITSOL20240220RICAUON00023028SIBA - SISTEMA BIBLIOTECARIO DI ATENEOSI CIN GEN D I 007 SI SA 82081 7 007 CIN GEN D I 7 (1)SIBA - SISTEMA BIBLIOTECARIO DI ATENEOSI CIN GEN D I 007 SI SA 82082 7 007 CIN GEN D I 7 (2)SIBA - SISTEMA BIBLIOTECARIO DI ATENEOSI CIN GEN D I 007 SI SA 82083 7 007 CIN GEN D I 7 (3)JIANG Zongtong Jingguo Xiansheng Aisilu1199436UNIOR