About Sergio SchmuklerSergio Schmukler is Lead Economist at the World Bank’s Development Economics Research Group.
As economies in East Asia and the Pacific (EAP) have developed, they have also become important in international financial transactions, both as sources and destinations of cross-border bank lending, foreign direct investment (FDI), and portfolio investments. But, as we document in a new paper (Didier, Llovet, and Schmukler 2017), the composition of these financial connections has been changing in recent years on at least two fronts: (i) the partners with which EAP countries interact, and (ii) the type of financial transactions conducted.
One of the most notable developments in the world economy over the past 20 years has been the rise of the People’s Republic of China (PRC) and India as global economic powers, accompanied by high overall growth and an increase in their financial activity. But how much have the PRC and Indian firms used and benefitted from the expansion in capital markets to obtain financing and grow? In a new paper (Didier and Schmukler, 2013), we study this question by assembling a unique and comprehensive data set on domestic and international capital raising activity and performance of publicly listed Chinese and Indian firms.
Subscribe / Connect to Asia Pathways
- Agriculture and rural development
- Industry and Trade
- Information and Communications Technology
- Poverty Reduction
- Public-Private Partnership
- Regional Cooperation
- Social Development and Poverty
- Video Blog
- “Monsters” in the house? What to do about Malaysia’s government-linked companies
- Japan’s Local Government Debt Control System
- What are the reasons behind the decrease in solar module prices?
- Sustainable funding schemes for the development of waste management projects in Asia
- High-speed rail investment: A butterfly effect for urban chaos
- Minimizing the Cost of Fecal Sludge Management through Co-Treatment on
- Energy Efficiency: The Cornerstone for Achieving SDG 7 on
- Spillover effects of quantitative easing on the Asian credit market and policy options on
- Energy strategies must consider all parts of the ‘energy trilemma’ on
- Exploring the trade–urbanization nexus in developing economies: evidence and implications on