Balance of Payments and Export Diversification in Emerging Markets

2021 ◽  
Author(s):  
Lewis Chimfwembe
Keyword(s):  
Emerging Markets ◽  
Balance Of Payments ◽  
Export Diversification

scholarly journals Remittances and exchange rate - Empirical evidence from emerging economies

2016 ◽  
Vol 19 (1) ◽  
pp. 39-51
Author(s):  
Canh Phuc Nguyen
Keyword(s):  
Exchange Rate ◽  
Panel Data ◽  
Emerging Markets ◽  
Interest Rates ◽  
Emerging Economies ◽  
Global Financial Crisis ◽  
Balance Of Payments ◽  
The Exchange Rate ◽  
Remittance Flows ◽  
Macroeconomic Risks

The exchange rate plays an important role to trade, investment and macroeconomic risks of open economies. There are many factors that affect the exchange rate such as inflation, interest rates, balance of payments where remittance flows receive more and more attention of economists due to their increase in their values, particularly in emerging economies. This study uses data from 21 countries which are classified as emerging markets in the period between 2001 and 2013 to investigate the impacts of remittances on exchange rate. Through panel data estimations, we found that remittances increase the value of the local currencies, which is not altered by the 2008 global financial crisis.

scholarly journals Analysis of the Determinants of Export Diversification in the Franc Zone: A Comparative Study in WAEMU and CAEMU Countries

2020 ◽  
Vol 6 (1) ◽  
pp. p66
Author(s):  
Rémy HOUNSOU, Ph.D. ◽  
Firmin Gbetoho AYIVODJI
Keyword(s):  
Financial Liberalization ◽  
Public Investment ◽  
Trade Openness ◽  
Job Creation ◽  
Balance Of Payments ◽  
Estimation Methods ◽  
Export Diversification ◽  
Franc Zone ◽  
Per Capita ◽  
Sustainable Economic Growth

The objective of this study is to analyze the determinants of export diversification in the 14 countries of the Franc Zone and compare them between WAEMU and CAEMU zones. Export diversification leads to sustainable economic growth, a satisfactory balance of payments, job creation and income redistribution. To this end, the study uses Bruno (2005a, b) LSDVC econometric estimation methods over the period 1990-2015 to identify factors that may or may not improve export diversification in these countries. The main lesson of this study is that more factors favor diversification in WAEMU countries compared to those in the CAEMU zone. In addition, we note a U-inverse relationship between per capita income and diversification in the WAEMU zone while a U-shaped relationship is observed in the second zone. Moreover, the results on the Franc Zone as a whole show that the most relevant explicative factors of export diversification are: human capital, economic development, financial liberalization, degree of trade openness, public investment and the index of democracy.

The Mexican Financial Crisis: Genesis, Impact, and Implications

1995 ◽  
Vol 37 (2) ◽  
pp. 57-82 ◽  
Author(s):  
Gary L. Springer ◽  
Jorge L. Molina
Keyword(s):  
Monetary Policy ◽  
Financial Crisis ◽  
Emerging Markets ◽  
Interest Rates ◽  
Presidential Elections ◽  
Balance Of Payments ◽  
Capital Flight ◽  
Financial Problems ◽  
Political Ferment

The financial problems faced by Mexico since late December 1994 are the result of a balance of payments crisis which developed earlier during the year when a number of economic and political developments came together to disrupt its financing plans. A combination of events — an increase in US interest rates, political ferment and presidential elections in Mexico, plus capital flight from Mexico which was prompted, in turn, by lax monetary policy during the last weeks of the Salinas administration — all helped contribute to, and culminated in, a collapse of the peso at the end of 1994. As a result, the incoming administration of President Ernesto Zedillo found itself in the position of having to devalue the peso, a move that sparked severe economic repercussions, including a crisis of confidence that spread beyond Mexico to affect other emerging markets as well.

scholarly journals The Role Of Export Diversification In Providing Sustainable Economic Growth

2020 ◽  
Vol 02 (10) ◽  
pp. 372-380
Author(s):  
Odinaev Namozjon Nazarkul Ugli ◽  
Keyword(s):  
Economic Growth ◽  
Balance Of Payments ◽  
Export Diversification ◽  
Foreign Markets ◽  
High Quality ◽  
Key Indicator ◽  
Sustainable Economic Growth ◽  
Quality Production

Sustainable economic growth is the key to a prosperous life. Therefore, the country is paying more and more attention to attracting large investments, increasing the pace of production and thereby strengthening the export and import processes. This is because efficient and high-quality production is a key indicator of economic growth. As a result, the country will be able to export its products to foreign markets and improve the balance of payments. This article also discusses the role of exports and its diversification in the sustainable economic growth of our country

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