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|c 5.00 USD
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|z 9781451860597
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|a 1018-5941
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|a BD-DhAAL
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|a Funke, Norbert.
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|a The Composition of Capital Flows :
|b Is South Africa Different? /
|c Norbert Funke, Faisal Ahmed, Rabah Arezki.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2005.
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|a 1 online resource (28 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Over the past decade, South Africa has attracted relatively little foreign direct investment (FDI), but considerable amounts of portfolio inflows. In this context, the objective of the paper is twofold: to identify the determinants of the level and composition of capital flows to emerging markets and to draw policy conclusions for South Africa. We estimate a dynamic panel for up to 81 emerging markets using GMM (Generalized Method of Moments) techniques. The results suggest that further trade and capital control liberalization would increase the share of FDI. Additionally, a reduction in exchange rate volatility would affect the composition of capital flows in favor of FDI.
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|a Mode of access: Internet
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|a Ahmed, Faisal.
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|a Arezki, Rabah.
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|a IMF Working Papers; Working Paper ;
|v No. 2005/040
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2005/040/001.2005.issue-040-en.xml
|z IMF e-Library
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