 | International Dividend Repatriations Author/Editor: Alexander Lehmann, Ashoka Mody. Release Date:January, 2004 Income earned by the branches and subsidiaries of multinational firms can be either reinvested in the host country or repatriated as dividends to the firms' headquarters. Despite the rapid growth of more...
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 | Evolution and Performance of Exchange Rate Regimes Author/Editor: Aasim M Husain, Ashoka Mody, Nienke Oomes, Robin Brooks, Kenneth Rogoff. Release Date:December, 2003 Using recent advances in the classification of exchange rate regimes, this paper finds no support for the popular bipolar view that countries will tend over time to move to the polar extremes of free more...
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 | Crisis Resolution : Next Steps Author/Editor: Kenneth Kletzer, Barry J Eichengreen, Ashoka Mody. Release Date:October, 2003 At the April 2003 meeting of the International Monetary and Financial Committees, it was decided to further encourage the contractual approach to smoothing the process of sovereign debt restructuring more...
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 | The Role of Information in Driving FDI Flows : Host-Country Transparency and Source-Country Specialization Author/Editor: Assaf Razin, Ashoka Mody, Efraim Sadka. Release Date:July, 2003 We develop a simple information-based model of FDI flows. On the one hand, the abundance of intangible capital in specialized industries in the source countries, which presumably generates more...
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 | Catalyzing Capital Flows : Do IMF-Supported Programs Work As Commitment Devices? Author/Editor: Diego Saravia, Ashoka Mody. Release Date:May, 2003 An objective of IMF-supported programs is to help countries improve their access to international capital markets. In this paper, we examine the issue whether IMF-supported programs influence the more...
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 | Financial Reform : What Shakes it? What Shapes it? Author/Editor: Ashoka Mody, Abdul Abiad. Release Date:April, 2003 Despite stops, gaps, and reversals, financial reforms advanced worldwide in the last quarter century. Using a new index of financial liberalization, we conclude that influential events shook the more...
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 | Growing Up with Capital Flows Author/Editor: Ashoka Mody, Antu Panini Murshid. Release Date:April, 2002 In a sample of 60 developing countries, we find evidence of a strong-almost one-to-one-relationship between capital inflows and domestic investment. However, this relationship has evolved over time. more...
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 | International Capital Crunches : The Time-Varying Role of Informational Asymmetries Author/Editor: Ashoka Mody, Mark P Taylor. Release Date:February, 2002 We examine the determinants of capital flows to four developing countries during the 1990s using an explicitly disequilibrium econometric framework in which the supply and demand for capital are not more...
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