The Library
Can financial development cure the Dutch disease?
Tools
Saborowski, Christian (2011) Can financial development cure the Dutch disease? International Journal of Finance & Economics, Vol.16 (No.3). pp. 218-236. doi:10.1002/ijfe.419 ISSN 1099-1158.
Research output not available from this repository.
Request-a-Copy directly from author or use local Library Get it For Me service.
Official URL: http://dx.doi.org/10.1002/ijfe.419
Abstract
We argue that, in improving the efficient allocation of resources, financial sector development should 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 means of developing a deep financial sector.
Item Type: | Journal Article | ||||
---|---|---|---|---|---|
Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HG Finance |
||||
Divisions: | Faculty of Social Sciences > Economics | ||||
Library of Congress Subject Headings (LCSH): | Capital movements, Economic stabilization, Investments, Foreign | ||||
Journal or Publication Title: | International Journal of Finance & Economics | ||||
Publisher: | John Wiley & Sons, Ltd. | ||||
ISSN: | 1099-1158 | ||||
Official Date: | July 2011 | ||||
Dates: |
|
||||
Volume: | Vol.16 | ||||
Number: | No.3 | ||||
Page Range: | pp. 218-236 | ||||
DOI: | 10.1002/ijfe.419 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access |
Data sourced from Thomson Reuters' Web of Knowledge
Request changes or add full text files to a record
Repository staff actions (login required)
View Item |