Matches in SemOpenAlex for { <https://semopenalex.org/work/W1608065742> ?p ?o ?g. }
- W1608065742 abstract ".Hence, in this paper, we reassess the benefits and costs of FPIs from the perspective of the recipients byintegrating the theoretical literature with available empirical evidence, by providing new evidence, and byputting forward new concepts. After a brief discussion of the role of capital markets in economic development,we present evidence on contribution of emerging markets towards resource allocation and mobilization and therelationship between market development and growth. Next, we provide an in-depth analysis of thedevelopmental role ofFPIs. Specifically, we discuss the various FPI contributions and present empirical evidence regarding the relationship betweenFPIs and market development, degree of capital market integration, cost of capital, cross-market correlation and market volatility. It is clear that the evidence onbenefits of FPIs is strong, whereas the policy concerns regarding resource mobilization, market co-movements,contagion and volatility expressed by policy makers and some academics are largely unwarranted. Finally, wemake some policy suggestions regarding preconditions for capital market openings, market regulation, andliberalization sequencing in the hope that they would help towards preventing future crisis.*Bank of Montreal Chair in Finance and Banking, McGill University, Faculty of Management,1001 Sherbrooke Street West, Montreal, Canada H3A 1G5. I am grateful to John Boyd, Peter Christoffersen,Darius Miller, Michel Robe and participants at the Columbia University conferenceon ,Is Globalization of Capital Markets a Boost or Hindrance to Development?, for insightful comments. I thank Hyunchul Chung forresearch assistance, SSHRC for financial support and International Finance Corporation for providing data onemerging markets.Correspondence: errunza@management.mcgill.ca" @default.
- W1608065742 created "2016-06-24" @default.
- W1608065742 creator A5005638383 @default.
- W1608065742 date "1999-01-01" @default.
- W1608065742 modified "2023-09-27" @default.
- W1608065742 title "Foreign Portfolio Equity Investments in Economic Development" @default.
- W1608065742 cites W126529752 @default.
- W1608065742 cites W1503652333 @default.
- W1608065742 cites W1509255227 @default.
- W1608065742 cites W1514296636 @default.
- W1608065742 cites W1522193178 @default.
- W1608065742 cites W1526633791 @default.
- W1608065742 cites W1587345817 @default.
- W1608065742 cites W194130280 @default.
- W1608065742 cites W1961398884 @default.
- W1608065742 cites W1963882105 @default.
- W1608065742 cites W1969519191 @default.
- W1608065742 cites W1972670269 @default.
- W1608065742 cites W1973601949 @default.
- W1608065742 cites W1986089825 @default.
- W1608065742 cites W1996189898 @default.
- W1608065742 cites W1999918735 @default.
- W1608065742 cites W2009127915 @default.
- W1608065742 cites W2009797988 @default.
- W1608065742 cites W2027801882 @default.
- W1608065742 cites W2038326251 @default.
- W1608065742 cites W2038341664 @default.
- W1608065742 cites W2042745144 @default.
- W1608065742 cites W2050322029 @default.
- W1608065742 cites W2051438039 @default.
- W1608065742 cites W2066823663 @default.
- W1608065742 cites W2078918686 @default.
- W1608065742 cites W2084365113 @default.
- W1608065742 cites W2093030468 @default.
- W1608065742 cites W2099744804 @default.
- W1608065742 cites W2109289095 @default.
- W1608065742 cites W2113200704 @default.
- W1608065742 cites W2114904621 @default.
- W1608065742 cites W2118391173 @default.
- W1608065742 cites W2126450706 @default.
- W1608065742 cites W2127756437 @default.
- W1608065742 cites W2129400295 @default.
- W1608065742 cites W2132970177 @default.
- W1608065742 cites W2135396276 @default.
- W1608065742 cites W2164141257 @default.
- W1608065742 cites W2168780716 @default.
- W1608065742 cites W2169993511 @default.
- W1608065742 cites W2272645759 @default.
- W1608065742 cites W2504437919 @default.
- W1608065742 cites W2605901361 @default.
- W1608065742 cites W2895546050 @default.
- W1608065742 cites W3121497095 @default.
- W1608065742 cites W3121619005 @default.
- W1608065742 cites W3122264531 @default.
- W1608065742 cites W3123226880 @default.
- W1608065742 cites W3124437711 @default.
- W1608065742 cites W3124560121 @default.
- W1608065742 cites W3124954590 @default.
- W1608065742 cites W3125466698 @default.
- W1608065742 cites W578772803 @default.
- W1608065742 cites W596166361 @default.
- W1608065742 cites W1576218497 @default.
- W1608065742 doi "https://doi.org/10.2139/ssrn.176939" @default.
- W1608065742 hasPublicationYear "1999" @default.
- W1608065742 type Work @default.
- W1608065742 sameAs 1608065742 @default.
- W1608065742 citedByCount "14" @default.
- W1608065742 countsByYear W16080657422012 @default.
- W1608065742 countsByYear W16080657422013 @default.
- W1608065742 countsByYear W16080657422014 @default.
- W1608065742 crossrefType "journal-article" @default.
- W1608065742 hasAuthorship W1608065742A5005638383 @default.
- W1608065742 hasConcept C10138342 @default.
- W1608065742 hasConcept C106159729 @default.
- W1608065742 hasConcept C111472728 @default.
- W1608065742 hasConcept C138885662 @default.
- W1608065742 hasConcept C143910263 @default.
- W1608065742 hasConcept C144133560 @default.
- W1608065742 hasConcept C162324750 @default.
- W1608065742 hasConcept C166052673 @default.
- W1608065742 hasConcept C17744445 @default.
- W1608065742 hasConcept C19244329 @default.
- W1608065742 hasConcept C199539241 @default.
- W1608065742 hasConcept C199728807 @default.
- W1608065742 hasConcept C2119116 @default.
- W1608065742 hasConcept C2780821815 @default.
- W1608065742 hasConcept C34447519 @default.
- W1608065742 hasConcept C556758197 @default.
- W1608065742 hasConcept C91602232 @default.
- W1608065742 hasConceptScore W1608065742C10138342 @default.
- W1608065742 hasConceptScore W1608065742C106159729 @default.
- W1608065742 hasConceptScore W1608065742C111472728 @default.
- W1608065742 hasConceptScore W1608065742C138885662 @default.
- W1608065742 hasConceptScore W1608065742C143910263 @default.
- W1608065742 hasConceptScore W1608065742C144133560 @default.
- W1608065742 hasConceptScore W1608065742C162324750 @default.
- W1608065742 hasConceptScore W1608065742C166052673 @default.
- W1608065742 hasConceptScore W1608065742C17744445 @default.
- W1608065742 hasConceptScore W1608065742C19244329 @default.
- W1608065742 hasConceptScore W1608065742C199539241 @default.