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Do FDI Firms Employ More Workers than Domestic Firms for Each Dollar of Assets?

Do FDI Firms Employ More Workers than Domestic Firms for Each Dollar of Assets? »

Source: Do FDI Firms Employ More Workers than Domestic Firms for Each Dollar of Assets?

Volume/Issue: 2020/56

Series: IMF Working Papers

Author(s): Sakai Ando , and Mengxue Wang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2020

ISBN: 9781513536323

Keywords: Foreign investment, International investment position, Balance of payments, Labor productivity, Job creation, FDI, Orbis, Ownership, WP, domestic firm

This paper studies whether FDI firms employ more workers than domestic firms for each dollar of assets. Using the Orbis database and its ownership structure information, we show that, in most economies, domestic fi...

Do FDI Firms Employ More Workers than Domestic Firms for Each Dollar of Assets?

Do FDI Firms Employ More Workers than Domestic Firms for Each Dollar of Assets? »

Volume/Issue: 2020/56

Series: IMF Working Papers

Author(s): Sakai Ando , and Mengxue Wang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2020

DOI: http://dx.doi.org/10.5089/9781513536323.001

ISBN: 9781513536323

Keywords: Foreign investment, International investment position, Balance of payments, Labor productivity, Job creation, FDI, Orbis, Ownership, WP, domestic firm

This paper studies whether FDI firms employ more workers than domestic firms for each dollar of assets. Using the Orbis database and its ownership structure information, we show that, in most economies, domestic fi...

r minus g negative: Can We Sleep More Soundly?

r minus g negative: Can We Sleep More Soundly? »

Volume/Issue: 2020/52

Series: IMF Working Papers

Author(s): Paolo Mauro , and Jing Zhou

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2020

DOI: http://dx.doi.org/10.5089/9781513536071.001

ISBN: 9781513536071

Keywords: Real interest rates, Interest rate parity, Interest rate differential, Financial crises, Economic integration, interest-growth differentials, public debt, WP, sovereign default, emerge economy

Contrary to the traditional assumption of interest rates on government debt exceeding economic growth, negative interest-growth differentials have become prevalent since the global financial crisis. As these differ...

Riding the Yield Curve: Risk Taking Behavior in a Low Interest Rate Environment

Riding the Yield Curve: Risk Taking Behavior in a Low Interest Rate Environment »

Volume/Issue: 2020/53

Series: IMF Working Papers

Author(s): Ralph Chami , Thomas Cosimano , Celine Rochon , and Julieta Yung

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2020

DOI: http://dx.doi.org/10.5089/9781513531861.001

ISBN: 9781513531861

Keywords: Interest rate increases, Discount rates, Risk premium, Financial markets, Financial instruments, Interest rate risk, non-linear stochastic discount factor, investment portfolio, term structure model, risk aversion distribution

Investors seek to hedge against interest rate risk by taking long or short positions on bonds of different maturities. We study changes in risk taking behavior in a low interest rate environment by estimating a mar...

Systemic Risk Modeling: How Theory Can Meet Statistics

Systemic Risk Modeling: How Theory Can Meet Statistics »

Volume/Issue: 2020/54

Series: IMF Working Papers

Author(s): Raphael Espinoza , Miguel Segoviano , and Ji Yan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2020

DOI: http://dx.doi.org/10.5089/9781513536170.001

ISBN: 9781513536170

Keywords: Financial crises, Bank credit, Financial markets, Financial institutions, Macroprudential policies and financial stability, Systemic risk, Minsky effect, CIMDO, Default, WP

We propose a framework to link empirical models of systemic risk to theoretical network/ general equilibrium models used to understand the channels of transmission of systemic risk. The theoretical model allows for...

Unlocking Access to Finance for SMEs: A Cross-Country Analysis

Unlocking Access to Finance for SMEs: A Cross-Country Analysis »

Volume/Issue: 2020/55

Series: IMF Working Papers

Author(s): Armand Fouejieu , Anta Ndoye , and Tetyana Sydorenko

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2020

DOI: http://dx.doi.org/10.5089/9781513536156.001

ISBN: 9781513536156

Keywords: Financial crises, Financial services, Macroprudential policies and financial stability, Bank credit, Financial systems, Small and Medium Sized Enterprises, Financial Inclusion, WP, SME, SMEs

Countries in the MENAP and CCA regions have the lowest levels of financial inclusion of small and medium enterprises (SMEs) in the world. The paper provides empirical evidence on the drivers of SME access to financ...

r minus g negative: Can We Sleep More Soundly?*

r minus g negative: Can We Sleep More Soundly?* »

Source: r minus g negative: Can We Sleep More Soundly?

Volume/Issue: 2020/52

Series: IMF Working Papers

Author(s): Paolo Mauro , and Jing Zhou

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2020

ISBN: 9781513536071

Keywords: Real interest rates, Interest rate parity, Interest rate differential, Financial crises, Economic integration, interest-growth differentials, public debt, WP, sovereign default, emerge economy

Contrary to the traditional assumption of interest rates on government debt exceeding economic growth, negative interest-growth differentials have become prevalent since the global financial crisis. As these differ...

Riding the Yield Curve: Risk Taking Behavior in a Low Interest Rate Environment*

Riding the Yield Curve: Risk Taking Behavior in a Low Interest Rate Environment* »

Source: Riding the Yield Curve: Risk Taking Behavior in a Low Interest Rate Environment

Volume/Issue: 2020/53

Series: IMF Working Papers

Author(s): Ralph Chami , Thomas Cosimano , Celine Rochon , and Julieta Yung

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2020

ISBN: 9781513531861

Keywords: Interest rate increases, Discount rates, Risk premium, Financial markets, Financial instruments, Interest rate risk, non-linear stochastic discount factor, investment portfolio, term structure model, risk aversion distribution

Investors seek to hedge against interest rate risk by taking long or short positions on bonds of different maturities. We study changes in risk taking behavior in a low interest rate environment by estimating a mar...

Systemic Risk Modeling: How Theory Can Meet Statistics

Systemic Risk Modeling: How Theory Can Meet Statistics »

Source: Systemic Risk Modeling: How Theory Can Meet Statistics

Volume/Issue: 2020/54

Series: IMF Working Papers

Author(s): Raphael Espinoza , Miguel Segoviano , and Ji Yan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2020

ISBN: 9781513536170

Keywords: Financial crises, Bank credit, Financial markets, Financial institutions, Macroprudential policies and financial stability, Systemic risk, Minsky effect, CIMDO, Default, WP

We propose a framework to link empirical models of systemic risk to theoretical network/ general equilibrium models used to understand the channels of transmission of systemic risk. The theoretical model allows for...

Unlocking Access to Finance for SMEs: A Cross-Country Analysis

Unlocking Access to Finance for SMEs: A Cross-Country Analysis »

Source: Unlocking Access to Finance for SMEs: A Cross-Country Analysis

Volume/Issue: 2020/55

Series: IMF Working Papers

Author(s): Armand Fouejieu , Anta Ndoye , and Tetyana Sydorenko

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2020

ISBN: 9781513536156

Keywords: Financial crises, Financial services, Macroprudential policies and financial stability, Bank credit, Financial systems, Small and Medium Sized Enterprises, Financial Inclusion, WP, SME, SMEs

Countries in the MENAP and CCA regions have the lowest levels of financial inclusion of small and medium enterprises (SMEs) in the world. The paper provides empirical evidence on the drivers of SME access to financ...