scholarly journals The Center and the Periphery: Two Hundred Years of International Borrowing Cycles

2017 ◽  
Author(s):  
Graciela Kaminsky
Keyword(s):  
International Borrowing

scholarly journals Shifting the Education Paradigm: Why International Borrowing is No Longer Sufficient for Improving Education in China

2018 ◽  
Vol 1 (1) ◽  
pp. 76-106 ◽  
Author(s):  
Yong Zhao
Keyword(s):  
Educational Policies ◽  
Chinese Education ◽  
Assessment Data ◽  
New Paradigm ◽  
The West ◽  
Unique Position ◽  
The World ◽  
International Assessment ◽  
International Borrowing ◽  
Education In China

Purpose —The purpose of this article is to examine the consequences of mutual borrowing of educational policies and practices between the East and the West and implications for Chinese education. Design/Approach/Methods —This paper draws upon a wide variety of historical, cultural, and international assessment data. Findings —The analyses found that the mutual borrowing is unlikely to improve education to the extent that the future world demands. Originality/Value —Thus, the article concludes that instead of wasting resources and time on learning from each other's past, education systems around the world should work on inventing a new paradigm of education. China is in a unique position to work on the new paradigm.

Liquidity constraints, international trade, and optimal monetary policy

2017 ◽  
Vol 20 (2) ◽  
Author(s):  
Wai-Ming Ho
Keyword(s):  
Open Economy ◽  
Small Open Economy ◽  
Capital Requirements ◽  
Capital Inflows ◽  
Working Capital ◽  
Tax Rate ◽  
Friedman Rule ◽  
Domestic Credit ◽  
International Borrowing ◽  
The Government

AbstractThe availability of liquidity matters for an economy’s production and trade as firms need working capital to finance their operations. This paper studies the interaction between trade and capital flows operating through the liquidity allocations in the financial markets using a small-open-economy, overlapping-generations model. Working capital requirements distort the intratemporal consumption allocations. International capital inflows help easing liquidity in the domestic credit market, facilitating trade and improving the intratemporal allocation, while distorting the intertemporal allocation of the economy. We show how the government can use the Friedman rule and differentiated consumption taxes to address the tradeoff between the intratemporal and intertemporal distortions and achieve the second best optimum. Imposing a higher tax rate on imports can reduce the international borrowing to imports ratio and enhance the efficiency in using capital inflows to facilitate trade flows.

Resource based view of internationalization: evidence from Indian commercial banks

2016 ◽  
Vol 10 (1) ◽  
pp. 41-60 ◽  
Author(s):  
Debadutta Panda ◽  
Sriharsha Reddy
Keyword(s):  
Human Resources ◽  
Commercial Bank ◽  
Commercial Banks ◽  
International Diversification ◽  
State Ownership ◽  
Growth Strategies ◽  
Resource Based View ◽  
Content Type ◽  
Secondary Sources ◽  
International Borrowing

Purpose – The purpose of this paper is to understand the influence of internal resource drivers on internationalization of commercial banks. Design/methodology/approach – Panel data on 46 Indian commercial banks from 2008 to 2012 were collected from secondary sources to measure how assets size, human resources, branding and advertising, ownership and age influence the international diversification of the commercial bank. Internationalization of the commercial bank was measured in terms of international advances intensity, international borrowing intensity and number of countries served. Regression models were designed with controlled multicolinearity, heterogeneity and exogeneity. Findings – Higher assets’ size, higher human resources, private ownership and higher organizational age led to internationalization of Indian commercial banks. However, higher branding and advertisement expenses and state ownership were found to be negatively related to international diversification. Originality/value – Internationalization is one of the growth strategies of a firm which cannot be unified and generalized due to resource heterogeneity. So this necessitates a large number of studies sector-wise, sub-sector-wise, product-wise, industry-wise and region-wise. There is a dearth of literature on resource view of internationalization of commercial banks. So, this Indian study adds a new finding on resource-based view of internationalization to the existing body of knowledge.

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