Found 12 article(s) for author 'Emerging Markets'

Mapping Frontier Economies

Mapping Frontier Economies. Aldo Musacchio, Eric Werker, December 2016, Paper, “Global players in search of double-digit growth are running out of opportunities. Emerging-market giants such as Brazil, Russia, and China are experiencing an economic slowdown. They are increasingly expensive as a base for operations, and it’s harder to export to and import from these countries than it used to be.Link

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Emerging Markets Should Go for the Gold

Emerging Markets Should Go for the Gold. Kenneth Rogoff, May 3, 2016, Opinion. “Are emerging-market central banks overweight in dollars and underweight in gold? Given a slowing global economy, in which emerging markets are probably very grateful for any reserves they retain, this might seem an ill-timed question. But there is a good case to be made that a shift in emerging markets toward accumulating gold would help the international financial system function more smoothly and benefit everyone.Link

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Private Equity in Emerging Markets: Yesterday, Today, and Tomorrow

Private Equity in Emerging Markets: Yesterday, Today, and Tomorrow. Josh Lerner, May 2016, Paper, “General partners of private equity entered emerging markets in the 1990s seeking diversification and returns, and their investment has increased substantially since then. Manager selection remains important because there is a wide range of returns across funds of the same vintage, and minority LP (limited partner) investments are found to perform the same as or better than majority investments.Link

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Institutions, Institutional Change and Economic Performance in Emerging Markets

Institutions, Institutional Change and Economic Performance in Emerging Markets. Lakshmi Iyer, 2016, Book. “Emerging markets play an increasingly important role in the global economy, accounting for 31% of global GDP and more than 50% of global foreign direct investment in 2012. However, doing business in emerging markets remains subject to a high degree of “policy risk,” namely the risk that a government will discriminatorily change the laws, regulations, or contracts governing an investment — or will fail to enforce them — in a way that reduces an investor’s financial returns …Link

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Nominal GDP Targeting for Developing Countries

Nominal GDP Targeting for Developing Countries. Jeffrey Frankel, January 27, 2015. “Interest in nominal GDP (NGDP) targeting has come in the context of large advanced economies. Developing countries are better suited for it, however, in light of big supply shocks and terms of trade shocks, such as monsoon rains and oil import price shocks in the case of India. Under annual inflation targeting (IT), the full impact of adverse supply shocks is felt as lost real GDP. NGDP targeting automatically accommodates such shocks, while retaining the advantage of anchoring expectations. We derive the condition under which NGDP targeting…” Link

 

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How Does Risk Management Influence Production Decisions? Evidence from a Field Experiment

How Does Risk Management Influence Production Decisions? Evidence from a Field Experiment. Shawn Cole, September 9, 2014, Paper. “Weather is a key source of income risk for many firms and households, particularly in emerging market economies. This paper studies how an innovative risk management instrument for hedging rainfall risk affects production decisions among a sample of Indian agricultural firms, using a randomized controlled trial approach. We find that the provision of insurance induces farmers to shift production towards higher-return but higher-risk cash crops…” Link verified August 21, 2014

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Bio-Piracy or Prospering Together? Fuzzy Set and Qualitative Analysis of Herbal Patenting by Firms

Bio-Piracy or Prospering Together? Fuzzy Set and Qualitative Analysis of Herbal Patenting by Firms. Prithwiraj Choudhury, Tarun Khanna, February 28, 2014, Paper. “Since the 1990s, several Western firms have filed patents based on medicinal herbs from emerging markets, evoking protests from local stakeholders against ‘bio-piracy’. We explore conditions under which firms and local stakeholders share rents from such patents. Our theoretical model builds on two distinct strategy literatures: firms appropriating rents from new technologies and firms managing stakeholders…” Link Verified October 12, 2014

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Medium Term Business Cycles in Developing Countries

Medium Term Business Cycles in Developing Countries. Diego Comin, October 2013, Article. “Business cycle fluctuations in developed economies (N) tend to have large and persistent effects on developing countries (S). We study the transmission of business cycle fluctuations for developed to developing economies with a two-country asymmetric DSGE model with two features: (i) endogenous and slow diffusion of technologies from the developed to the developing country, and (ii) adjustment costs to investment flows. Consistent with the model we observe that the flow of technologies from N to S co-moves…” Link verified August 21, 2014

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Liability Structure in Small-Scale Finance: Evidence from a Natural Experiment

Liability Structure in Small-Scale Finance: Evidence from a Natural Experiment. Shawn Cole, September 2013, Paper. “Microfinance, the provision of small individual and business loans, has experienced dramatic growth, reaching over 150 million borrowers worldwide. Much of the success of microfinance has been attributed to attempts to overcome the challenges of information asymmetries in uncollateralized lending. However, very little is known about the optimal contract structure of these loans, and there is substantial variation across lenders, even within a particular setting. This paper exploits…” May require purchase or user account. Link verified August 21, 2014

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Entrepreneurs, Firms and Global Wealth since 1850

Entrepreneurs, Firms and Global Wealth since 1850. Geoffery G. Jones, March 12, 2013, Paper. “We live today in a world where most people are poor and some are very rich, and the category in which you find yourself is largely determined not by your job, your age or your gender but by your location. Despite the fast economic growth of China and India over the past two decades, most people in the world today are very poor. Nearly 3 billion people live on less than $2 a day; almost 1 billion are illiterate…” Link Verified October 11, 2014

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