Milesi-Ferretti, Gian Maria
Most widely held works by Gian Maria Milesi-Ferretti
Current-account sustainability by Gian Maria Milesi-Ferretti ( Book )
8 editions published in 1996 in English and held by 415 libraries worldwide
Current account reversals and currency crises : empirical regularities by Gian Maria Milesi-Ferretti ( Book )
15 editions published in 1998 in English and No Linguistic content and held by 115 libraries worldwide
Growth effects of income and consumption taxes : positive and normative analysis by Gian Maria Milesi-Ferretti ( Book )
12 editions published between 1995 and 1998 in English and No Linguistic content and held by 114 libraries worldwide
Current account sustainability : selected East Asian and Latin American experiences by Gian Maria Milesi-Ferretti ( Book )
14 editions published in 1996 in English and No Linguistic content and held by 113 libraries worldwide
Financial globalization and exchange rates by Philip R Lane ( Book )
12 editions published between 2004 and 2005 in English and held by 109 libraries worldwide
The founders of the Bretton Woods System 60 years ago were primarily concerned with orderly exchange rate adjustment in a world economy that was characterized by widespread restrictions on international capital mobility. In contrast, the rapid pace of financial globalization during recent years poses new challenges for the international monetary system. In particular, large gross cross-holdings of foreign assets and liabilities mean that the valuation channel of exchange rate adjustment has grown in importance, relative to the traditional trade balance channel. Accordingly, this paper empirically explores some of the interconnections between financial globalization and exchange rate adjustment and discusses the policy implications.
Sharp reductions in current account deficits : an empirical analysis by Gian Maria Milesi-Ferretti ( Book )
13 editions published in 1997 in English and No Linguistic content and held by 101 libraries worldwide
Long-term capital movements by Philip R Lane ( Book )
16 editions published in 2001 in English and No Linguistic content and held by 94 libraries worldwide
International financial integration allows countries to become net creditors or net debtors with respect to the rest of the world. In this paper, we show that a small set of fundamentals - shifts in relative output levels, the stock of public debt and demographic factors - can do much to explain the evolution of net foreign assets positions. In additions, we highlight the role that 'external wealth' plays in determining the behaviour of the trade balance, and we provide some evidence that a portfolio balance effects exists: real interest rate differentials are inversely realted to net foreign asset positions.
Optimal taxation of human and physical capital in endogenous growth models by Nouriel Roubini ( Book )
6 editions published in 1994 in English and held by 87 libraries worldwide
Taxation and endogenous growth in open economies by Nouriel Roubini ( Book )
7 editions published in 1994 in English and held by 86 libraries worldwide
Sustainability of persistent current account deficits by Gian Maria Milesi-Ferretti ( Book )
8 editions published in 1996 in English and No Linguistic content and held by 84 libraries worldwide
A global perspective on external positions by Philip R Lane ( Book )
12 editions published in 2005 in English and No Linguistic content and held by 70 libraries worldwide
"The paper highlights the increased dispersion in net external positions in recent years, particularly among industrial countries. It provides a simple accounting framework that disentangles the factors driving the accumulation of external assets and liabilities (such as trade imbalances, investment income flows, and capital gains) for major external creditors and debtors. It also examines the factors driving the foreign asset portfolio of international investors, with a special focus on the weight of U.S. liabilities in the rest of the world's stock of external assets. Finally, it relates the empirical evidence to the current debate about the roles of portfolio balance effects and exchange rate adjustment in shaping the external adjustment process"--National Bureau of Economic Research web site.
The external wealth of nations mark II revised and extended estimates of foreign assets and liabilities, 1970-2004 by Philip R Lane ( Book )
11 editions published in 2006 in English and held by 67 libraries worldwide
We construct estimates of external assets and liabilities for 145 countries for the period 1970-2004. We describe our estimation methods and present key features of the data at the country and the global level. We focus on trends in net and gross external positions, and the composition of international portfolios, distinguishing between foreign direct investment, portfolio equity investment, official reserves, and external debt. We document the increasing importance of equity financing and the improvement in the external position for emerging markets, and the differing pace of financial integration between advanced and developing economies. We also show the existence of a global discrepancy between estimated foreign assets and liabilities, and identify the asset categories that account for this discrepancy.
Capital flows to Central and Eastern Europe by Philip R Lane ( Book )
7 editions published in 2006 in English and held by 54 libraries worldwide
We examine the evolution of the net external asset positions of Central and Eastern Europe (CEEC) countries over the past decade, with a strong emphasis on the composition of their international balance sheets. We assess the extent of their international financial integration, compared with the advanced economies and other emerging markets, and highlight the salient features of their external capital structure in terms of the relative importance of FDI, portfolio equity, and external debt. In addition, we briefly describe the country and currency composition of their external liabilities. Finally, we explore the implications of the accumulated stock of external liabilities for future trade and current account balances.
Fiscal rules and the budget process by Gian Maria Milesi-Ferretti ( Book )
10 editions published between 1996 and 1997 in English and held by 51 libraries worldwide
Determinants of Korean trade flows and their geographical destination by Lorenzo Giorgianni ( Book )
9 editions published in 1997 in English and held by 45 libraries worldwide
The political economy of capital controls by Alberto Alesina ( Book )
9 editions published in 1993 in English and held by 39 libraries worldwide
Good, bad, or ugly? : on the effects of fiscal rules with creative accounting by Gian Maria Milesi-Ferretti ( Book )
8 editions published between 1998 and 2001 in English and No Linguistic content and held by 39 libraries worldwide
International financial integration by Philip R Lane ( Book )
13 editions published in 2003 in English and No Linguistic content and held by 37 libraries worldwide
In recent decades, the foreign assets and liabilities of advanced economies have grown rapidly relative to GDP, with the increase in gross cross-holdings far exceeding changes in the size of net positions. Moreover, the portfolio equity and FDI categories have grown in importance relative to international debt stocks. This paper describes the broad trends in international financial integration for a sample of industrial countries and seeks to explain the cross-country and time-series variation in the size of international balance sheets. It also examines the behavior of the rates of return on foreign assets and liabilities, relating them to "market" returns.
The transfer problem revisited : net foreign assets and real exchange rates by Philip R Lane ( Book )
7 editions published in 2000 in English and No Linguistic content and held by 37 libraries worldwide
External wealth, the trade balance, and the real exchange rate by Philip R Lane ( Book )
12 editions published between 2001 and 2002 in English and held by 36 libraries worldwide
This paper examines the link between the net foreign asset position, the trade balance and the real exchange rate. In particular, it decomposes the impact of a country's net foreign asset position ("external wealth") on its long-run real exchange rate into two mechanisms: the relation between external wealth and the trade balance; and, holding other determinants fixed, a relation between the trade balance and the real exchange rate. It also provides additional evidence that the relative price of nontradables is an important channel linking the trade balance and the real exchange rate.
Alien property Balance of payments Balance of payments--Econometric models Balance of payments--Mathematical models Balance of trade Budget deficits Budget deficits--Econometric models Budget--Econometric models Budget--Law and legislation Capital levy Capital levy--Mathematical models Capital movements Capital movements--Government policy Commerce Commercial policy Debts, External Debts, Public Debts, Public--Mathematical models Debt-to-equity ratio Deficit financing--Econometric models Developing countries Economic development Economic development--Mathematical models Economic history Europe, Central Europe, Eastern Expenditures, Public Externalities (Economics) Financial crises Financial crises--Econometric models Fiscal policy Fiscal policy--Econometric models Fiscal policy--Mathematical models Foreign exchange Foreign exchange rates Foreign exchange rates--Econometric models Human capital International economic integration International finance Investments, Foreign Italy Korea (South) Money Money--Econometric models Saving and investment Taxation Taxation--Mathematical models Terms of trade United States Wages--Taxation
Ferretti, Gian Maria Milesi-.
Ferretti, Gian Maria Milesi- fl.1993-
Milesi-Ferretti, G. fl.1993-
Milesi-Ferretti, G. M. fl.1993-
Milesi Ferretti, Gian Maria fl.1993-