scholarly journals Tecnología de información & productividad en América latina

2017 ◽  
Vol 1 (2) ◽  
Author(s):  
L. A. Neira
Keyword(s):  
Information Technology ◽  
Latin American ◽  
Emerging Market ◽  
Developed Countries ◽  
Emerging Market Economies ◽  
Linear Regression Method ◽  
Market Economies ◽  
America Latina ◽  
Productivity Indicators ◽  
The International Monetary Fund

Palabras claves: Consumo, producto interno bruto (PIB), tecnología de informaciónResumen. Se investiga en que grado el total de gastos de Tecnología de información y las inversiones de software/hardware, tienen impacto sobre la productividad en países de Latinoamérica, se pretende averiguar como la productividad puede ser aumentada en respuesta a estas variables. Aunque literaturas anteriores hayan investigado en países desarrollados las preguntas respecto a si la Tecnología de Información tiene impacto sobre la productividad de un pais, en países con economía emergente han sido pocas las investigaciones. Un mejor entendimiento de cómo la productividad de una nación es afectada por la tecnología de información puede ayudar a los políticos a inventar mejores estrategias de promover el crecimiento. Es importante para empresas multinacionales en economías de mercado emergente, saber cuando invertir en tecnología de información para alcanzar los niveles mas eficientes de producción. La relación postulada entre la Tecnología de Información y la productividad de un país es examinada usando el método estadístico de regresión linear, dónde las variables Dependientes son representadas por: El Producto Interno Bruto y la Inversión del Gobierno; las variables independientes las representan: La Información, Comunicación y Tecnología, la inversión de Tecnología de Información en Educación y en Software/Hardware en los países seleccionados.Key words: Consumption, gross national product (GNP), information technologyAbstract. The purpose of this investigation its whether total ICT spending, Software/Hardware spending, and IT variables have varying degrees of impact on country productivity in Latin American. I predict that productivity could be increased in response to any of these variables. Although previous literature has investigated these questions for developed countries, questions of whether information technology has any impact on a country’s productivity has received little attention in emerging market economies. A better understanding of how productivity of a nation is affected by information technology can help policymakers devise better strategies to promote high and stable economic growth. It is also important for multinational companies operating in emerging market economies to know how much to invest in information technology in order to achieve the most efficient levels of production. Yearly information technology data are obtained from Digital. Planet of the Global Research organization, the productivity indicators are obtained from the international Financial Statistics publications of the international Monetary fund. The postulated relationship between IT and country productivity is examined using a linear regression method.

scholarly journals CURRENCY MISMATCHES IN EMERGING MARKET ECONOMIES: IS WINTER COMING?

2020 ◽  
Vol 23 (1) ◽  
pp. 25-54
Author(s):  
Hari Venkatesh ◽  
Gourishankar S Hiremath
Keyword(s):  
Latin American ◽  
Institutional Environment ◽  
Emerging Market ◽  
Trade Openness ◽  
Original Sin ◽  
Emerging Market Economies ◽  
Macroprudential Policy ◽  
Market Economies ◽  
Currency Mismatch ◽  
Currency Mismatches

We develop a currency mismatch index and examine the causes of currency mismatchesin emerging market economies. This study is based on a unique dataset on 22economies from 2008 to 2017. We also construct the original sin index using granulardata on international debt securities. We find Latin American countries, followedby Central European countries, suffer from the original sin and currency mismatchproblems. The panel regression estimates show that country size, trade openness, andthe level of economic and financial development explain cross-country variations incurrency mismatches. Our empirical results suggest that unstable monetary and fiscalpolicies are the primary causes of currency mismatches. The results indicate that abetter institutional environment reduces currency mismatches. These findings call formonetary independence, stable fiscal policy, and macroprudential policy measures tominimize currency mismatches.

IMF POLICY ADVICE TO EMERGING MARKET ECONOMIES DURING THE 2008–2009 CRISIS: NEW FUND OR NEW FUNDAMENTALS?

2011 ◽  
Vol 02 (01) ◽  
pp. 1-17 ◽  
Author(s):  
ATISH R. GHOSH ◽  
CHRISTOPHER CROWE ◽  
JUN IL KIM ◽  
JONATHAN D. OSTRY ◽  
MARCOS CHAMON
Keyword(s):  
International Monetary Fund ◽  
Emerging Market ◽  
Policy Advice ◽  
Emerging Market Economies ◽  
Fiscal Policies ◽  
Fiscal Consolidation ◽  
Market Economies ◽  
Advanced Economies ◽  
The Impact ◽  
The International Monetary Fund

This paper reviews the International Monetary Fund (IMF) policy advice to emerging market economies (EMEs) during the 2008-09 crisis, contrasting it to previous crisis episodes. EMEs that had strong fundamentals, and were mainly affected through international trade and financial spillovers, were advised to loosen monetary and fiscal policies, much like the counter-cyclical policies pursued by advanced economies. But in EMEs with "home-grown" vulnerabilities, the advice was more traditional fiscal consolidation, monetary restraint and structural reform, albeit with more financing and greater emphasis on cushioning the impact of the shock. Thus, the "new" IMF advice was the result of "new fundamentals" in EMEs.

scholarly journals Optimal Inflation in Russia: Theory and Practice

2020 ◽  
Vol 15 (4) ◽  
pp. 8-29
Keyword(s):  
Inflation Targeting ◽  
Emerging Market ◽  
Threshold Level ◽  
Developed Countries ◽  
Theory And Practice ◽  
Emerging Market Economies ◽  
Inflation Target ◽  
Target Setting ◽  
Market Economies ◽  
Panel Threshold Regression

The article provides a comprehensive analysis of optimality of the Bank of Russia’s inflation target. It considers the theoretical framework of optimal inflation, international practice of inflation target setting, and econometric estimates. The paper summarizes the theoretical mechanisms of optimality of zero or positive inflation and concludes that there are a significant number of mechanisms leading to optimality of positive inflation in the literature. Further, the countries’ experience of inflation targeting is analyzed, and the value of the inflation target and the frequency of its revision in Russia, developed countries and emerging market economies are compared. The article also provides the authors’ estimates of optimal inflation based on the application of the panel threshold regression method for four groups of countries, including Russia, for the period 1990–2018: the largest emerging market economies; emerging market economies with export as a key source of income; post-Soviet countries; and countries of Central and Eastern Europe. The study provides some empirical evidence in favor of the optimal inflation rate varying from 3.5% to 4% for homogeneous samples of countries, including Russia. The results also show that low inflation (up to the threshold level equal to the inflation target in Russia) is associated with economic growth. The study concludes that the current inflation target in Russia is valid and provides some suggestions regarding further improvements of inflation targeting policy in Russia.

scholarly journals Development of Banking Activities in Emerging Market Economy Countries

2021 ◽  
Vol 8 (2) ◽  
pp. 26-42
Author(s):  
O. Narangua
Keyword(s):  
Economic Growth ◽  
Emerging Economies ◽  
Emerging Market ◽  
Developed Countries ◽  
Emerging Market Economies ◽  
Market Economies ◽  
Banking Stability ◽  
The Subject ◽  
Object Of Study ◽  
The Impact

This paper aims to understand the development of banking activities in emerging market economies not only for evaluating the impact of them for encouraging emerging economies’ growth, but also establish the overall effect of these processes to the global financial market. The object of study is the banking activities of emerging market economies, and the subject is the impact of banking activities development on the economic growth of emerging market economies. The author substantiated the thesis that for emerging market economies’ financial development should be examined in terms of banking stability, competition, and economic growth. The author also reveals specific characteristics that distinguish banking activities of emerging market economies from developed countries by evaluation of bank performance using criteria of stability, profitability, and efficiency.

Harinder S. Kohli (ed.). Growth and Development in Emerging Market Economies: International Private Capital Flows, Financial Markets and Globalisation. New Delhi: Sage Publication 2008. 369 pages. Hardbound. Indian Rs 695.00.

2008 ◽  
Vol 47 (3) ◽  
pp. 304-305
Author(s):  
Henna Ahsan
Keyword(s):  
Capital Flows ◽  
Growth And Development ◽  
Global Economy ◽  
Emerging Market ◽  
Balance Sheet ◽  
Emerging Market Economies ◽  
New Delhi ◽  
Infrastructure Development ◽  
Market Economies ◽  
Emerging Market Countries

The book discusses the different experiences in Asia and Latin America, while covering the closely related areas under the purview of Emerging Market Economies (EMEs). The first chapter, “Introduction and Overview” has written by Harinder S. Kohli gives an excellent review of the existing literature on the subject. The book discusses six related topics which include nine papers presented at the Emerging Markets Forum Meeting held in Jakarta, Indonesia, in September 2006. The book highlights the main factors of growth and development in Emerging Market Economies (EMEs) now closely related with international capital flows, development of financial market, the countries’ ability to integrate successfully with the global economy through trade and investment and their ability to forge public-private partnerships including infrastructure development. Chapter 2, of the book is an article titled “Global Imbalances, Oil Revenues and Capital Flows to Emerging Market Countries” by Jack Boorman explains the favourable global environment and its impact on capital flows to Emerging Market Countries (EMCs). The EMCs got advantage from this benign global economic environment, such as high economic growth rate, increase in exports, better national balance sheet and increase in foreign exchange reserves, but due to high oil prices the situation has been changed.

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