LEADER 06243oam 22011894 450 001 9910788241303321 005 20230721045627.0 010 $a1-4623-3762-7 010 $a1-4527-1577-7 010 $a1-282-84242-0 010 $a9786612842429 010 $a1-4518-7167-8 035 $a(CKB)3170000000054603 035 $a(EBL)1608164 035 $a(SSID)ssj0000940083 035 $a(PQKBManifestationID)11600619 035 $a(PQKBTitleCode)TC0000940083 035 $a(PQKBWorkID)10948459 035 $a(PQKB)10470871 035 $a(OCoLC)465443263 035 $a(MiAaPQ)EBC1608164 035 $a(IMF)WPIEE2009020 035 $a(EXLCZ)993170000000054603 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aCapital Inflows and the Real Exchange Rate : $eCan Financial Development Cure the Dutch Disease? /$fChristian Saborowski 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (44 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 $a1-4519-1603-5 320 $aIncludes bibliographical references. 327 $aContents; 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 Real 327 $a3A. 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 Regression 327 $a5B. 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); References 330 3 $aThis paper argues that, in improving the efficient allocation of resources, financial sector development could dampen the appreciation effect of capital inflows. Using dynamic panel data techniques, the paper finds that the exchange rate appreciation effect of FDI inflows is indeed attenuated when financial and capital markets are larger and more active. The main implication of these results is that one of the main dangers associated with large capital inflows in emerging markets-the destabilization of macroeconomic management due to a sizeable appreciation of the real exchange rate-can be mitigated partly by developing a deep financial sector. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/020 606 $aCapital movements 606 $aForeign exchange rates 606 $aExports and Imports$2imf 606 $aFinance: General$2imf 606 $aForeign Exchange$2imf 606 $aMultiple or Simultaneous Equation Models: Models with Panel Data$2imf 606 $aFinancial Markets and the Macroeconomy$2imf 606 $aCurrent Account Adjustment$2imf 606 $aShort-term Capital Movements$2imf 606 $aInternational Investment$2imf 606 $aLong-term Capital Movements$2imf 606 $aGeneral Financial Markets: General (includes Measurement and Data)$2imf 606 $aFinance$2imf 606 $aCurrency$2imf 606 $aForeign exchange$2imf 606 $aInternational economics$2imf 606 $aForeign direct investment$2imf 606 $aReal exchange rates$2imf 606 $aCapital inflows$2imf 606 $aFinancial sector development$2imf 606 $aStock markets$2imf 606 $aBalance of payments$2imf 606 $aFinancial markets$2imf 606 $aInvestments, Foreign$2imf 606 $aCapital movements$2imf 606 $aFinancial services industry$2imf 606 $aStock exchanges$2imf 607 $aUnited Kingdom$2imf 615 0$aCapital movements. 615 0$aForeign exchange rates. 615 7$aExports and Imports 615 7$aFinance: General 615 7$aForeign Exchange 615 7$aMultiple or Simultaneous Equation Models: Models with Panel Data 615 7$aFinancial Markets and the Macroeconomy 615 7$aCurrent Account Adjustment 615 7$aShort-term Capital Movements 615 7$aInternational Investment 615 7$aLong-term Capital Movements 615 7$aGeneral Financial Markets: General (includes Measurement and Data) 615 7$aFinance 615 7$aCurrency 615 7$aForeign exchange 615 7$aInternational economics 615 7$aForeign direct investment 615 7$aReal exchange rates 615 7$aCapital inflows 615 7$aFinancial sector development 615 7$aStock markets 615 7$aBalance of payments 615 7$aFinancial markets 615 7$aInvestments, Foreign 615 7$aCapital movements 615 7$aFinancial services industry 615 7$aStock exchanges 700 $aSaborowski$b Christian$01205326 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788241303321 996 $aCapital Inflows and the Real Exchange Rate$93673522 997 $aUNINA LEADER 02916oam 22006855 450 001 9910783455003321 005 20200520144314.0 010 $a0-8213-6369-7 010 $a1-280-45452-0 010 $a9786610454525 010 $a0-8213-6240-2 024 7 $a10.1596/978-8-2136-6239-6 035 $a(CKB)1000000000225136 035 $a(EBL)459323 035 $a(OCoLC)80243762 035 $a(SSID)ssj0000085282 035 $a(PQKBManifestationID)11120959 035 $a(PQKBTitleCode)TC0000085282 035 $a(PQKBWorkID)10010520 035 $a(PQKB)10284425 035 $a(MiAaPQ)EBC459323 035 $a(Au-PeEL)EBL459323 035 $a(CaPaEBR)ebr10126102 035 $a(CaONFJC)MIL45452 035 $a(OCoLC)60375579 035 $a(The World Bank)2005050742 035 $a(US-djbf)13994036 035 $a(EXLCZ)991000000000225136 100 $a20050607d2006 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 00$aAgricultural trade reform and the Doha development agenda /$fedited by Kym Anderson and Will Martin 210 1$aWashington, DC :$cPalgrave Macmillan/World Bank,$d[2006] 210 4$dcopyright 2006. 215 $axviii, 420 pages $cillustrations ;$d23 cm 225 1 $aTrade and Development Series 300 $aDescription based upon print version of record. 311 $a82-13-62399-1 311 $a0-8213-6239-9 320 $aIncludes bibliographical references and index. 327 $aContents; Acknowledgments; Contributors; Abbreviations and Acronyms; Part I SETTING THE SCENE; Figures; Tables; Part II AGRICULTURAL MARKET ACCESS; Part III EXPORT SUBSIDIES AND DOMESTIC SUPPORT; Part IV DOHA REFORM SCENARIOS; Index 330 $aAgricultural trade reform is critical to a favorable development outcome from the Doha Development Agenda. But agricultural policies and the policy reforms being contemplated are fiendishly complicated, and the devil is in the details. Agricultural Trade Reform and the Doha Development Agenda builds up from the essential detail of the tariffs and other protection measures, and uses this information to provide an analysis of the big-picture implications of proposed reforms. Providing the most complete and up to date analysis of the range of agricultural issues under negotiation in the multilate 410 0$aWorld Bank e-Library. 606 $aAgriculture and state 606 $aInternational trade 615 0$aAgriculture and state. 615 0$aInternational trade. 676 $a382/.41 701 $aAnderson$b Kym$0119819 701 $aMartin$b Will$f1953-$0855299 801 0$bDLC 801 1$bDLC 801 2$bDLC 906 $aBOOK 912 $a9910783455003321 996 $aAgricultural trade reform and the Doha development agenda$93701043 997 $aUNINA