| 000 | 00000nam 2200000za 4500 |
| 001 | 9.828467 |
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| 003 | CaOODSP |
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| 005 | 20221107145041 |
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| 007 | cr ||||||||||| |
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| 008 | 161201s2016 onc ob f000 0 eng d |
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| 040 | |aCaOODSP|beng |
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| 041 | |aeng|bfre |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-5/2016-53E-PDF |
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| 100 | 1 |aSchroth, Josef. |
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| 245 | 10|aCapital flows to developing countries |h[electronic resource] : |bis there an allocation puzzle? / |cby Josef Schroth. |
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| 260 | |a[Ottawa] : |bBank of Canada, |cc2016. |
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| 300 | |aii, 21 p. |
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| 490 | 1 |aStaff Working Paper, |x1701-9397 ; |v2016-53 |
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| 500 | |a"November 2016." |
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| 504 | |aIncludes bibliographical references. |
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| 520 | 3 |a"Foreign direct investment inflows are positively related to growth across developing countries—but so are savings in excess of investment. I develop an explanation for this well-established puzzle by focusing on the limited availability of consumer credit indeveloping countries together with general equilibrium effects. In my model, fast-growing developing countries increase their holdings of safe assets, which creates net capital outflows despite inflows of foreign direct investment. The world risk-free interest rate falls as a result, and slow-growing developing countries reduce their holdings of safe assets, which creates net capital inflows despite outflows of foreign direct investment"--Abstract. |
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| 546 | |aAbstract in French. |
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| 692 | 07|2gccst|aDeveloping countries |
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| 692 | 07|2gccst|aForeign investments |
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| 692 | 07|2gccst|aInternational markets |
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| 710 | 2 |aBank of Canada. |
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| 830 | #0|aStaff working paper (Bank of Canada)|x1701-9397 ; |v2016-53|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s370 KB|uhttps://publications.gc.ca/collections/collection_2016/banque-bank-canada/FB3-5-2016-53-eng.pdf |
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