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Managing Remittances Inflows with Foreign Exchange Intervention
In a 157 emerging markets and developing countries sample, remittances continue to grow fast, outpacing other financial inflows (as a share of GDP), particularly in Asia. Without alternative policy instruments, foreign exchange interventions (FXIs) have often been the authorities’ go-to tool to manage the short-term effects of these remittance inflows. However, this practice comes at a cost. This paper shows that FXIs are quick, temporary solutions that often may hinder the development of the recipient country’s financial sector and may not support financial stability over the medium term. The analysis suggests that FXIs act as an insurance tool that, by mitigating FX volatility, protect remittance recipients and tradable sectors from FX risks, encouraging less bank deposits (consistent with more spending) and lower buffers in the banking sector. These costs add to other direct FXI-related costs already identified in the literature. The development of private sector market risk management tools should support longer-term structural reforms required to increase the absorptive capacity of additional FX inflows.
Diplomatic List
Directory of foreign diplomatic officers in Washington.
Diplomatic List
Directory of foreign diplomatic officers in Washington.
Worldwide Government Directory with Intergovernmental Organizations 2013
Published for more than 24 years, there is no substitute for the Worldwide Government Directory, which allows users to identify and reach 32,000 elected and appointed officials in 201 countries, plus the European Union. Extensive coverage that includes over 1,800 pages of executive, legislative and political branches; heads of state, ministers, deputies, secretaries and spokespersons as well as state agencies, diplomats and senior level defense officials. It also covers the leadership of more than 100 international organizations. World Government contact information that includes phone numbers and email. Listings include: Name, addresses, telephone and fax numbers, email and web addresses Titles Hierarchical arrangements defining state structures
Giacomo Puccini
Opera recordings have been with us since the creation of the first wax cylinders. Now at a time when the 25-year reign of the compact disc appears to be coming to an end is the moment to take stock of the history of recordings of arguably the most popular composer of operas, Giacomo Puccini. In Giacomo Puccini: A Discography, librarian and music historian Roger Flury looks at each opera chronologically from Le Villi to Turandot, followed by sections on Puccini's instrumental, chamber, orchestral, and solo vocal works. Details of each complete opera are listed by recording date, followed by excerpts in the order in which they occur in the opera. Recordings of each aria are listed alphabetical...
Multinationals in India
An in depth analysis of the key determinants of successful direct investment strategy by foreign firms in India, providing important cues to multinational companies in India and other developing countries on how to strategically invest in these host countries for the benefit of both the company and the country involved.
Latin America's Quest for Globalization
Investments by Spanish firms in Latin America have grown since the early 1990s by taking over many of the state-owned firms put out to tender. Second only to the United States, these investments make Spain one of the largest markets of foreign direct investment for Latin America. This multidisciplinary volume focuses on the emergence of Spanish multinational enterprises in this region. Furthermore, it analyzes the sociological and political consequences of these investments and exhibits several theoretical and methodological approaches that make the book a useful aid for teaching. It is essential reading for those who want to understand structural reforms, their consequences and the international impact of economic reform.
