The macroeconomic effects of debt- and equity-based capital inflows

The macroeconomic effects of debt- and equity-based capital inflows ¬リニ

This paper considers whether debt-based capital inflows have different effects onmany shortrun macroeconomic indicators than equity-based capital inflows. Using external instruments in a structural VAR for identification, we estimate the response of domestic variables like the output gap, inflation, the exchange rate, stock prices, credit growth, and interest rates to an exogenous shock to debt...

The effects of debt versus equity inflows on savings and growth in developing economies

The Macroeconomic Effects of Government Debt in Iran

One of the major problems in Iranian economy is continuous deficit in the budget operating balance due to the non-optimal government size. The government often financed a part of this deficit by debt cearation. Government debts depends on its size and decomposition have variety macroeconomic effects. So, this study investigated the macroeconomic effects of government debt in iran during 1352-13...

Debt maturity choices when capital inflows can suddenly stop

Much of the literature on capital inflow sudden stops uses models with short term debt only but draws conclusions about the role of debt maturities in crises. In this paper short and long term debt are introduced in an infinite horizon, representative agent model that is consistent with modern open economy macroeconomic models of the type presented in Obstfeld and Rogoff (1996). Phase diagrams ...

Macroeconomic Effects of Government Debt to Banks in Iran

In the Iranian economy, part of the governmentchr('39')s fiscal policies and liabilities is always financed by banks. As government debt to banks increases, the private sectorchr('39')s access to loans and facilities is limited. It can cause undesirable macroeconomic outcomes. This study investigates the macroeconomic effects of government debt on banks in Iran over 1972–2016 by using an SVAR m...