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Mariela Baeva
Mariela Baeva
Member of the European Parliament for Bulgaria
2007 - 2009
(first direct EP elections in Bulgaria);

LEED to OECD partner (Nanotech)

News of the Day

Amid relief over Mugabe downfall, doubts over his likely successor

‘Shocking failures': NT royal commission calls for closure of Don Dale

Paradise papers: special investigation – all coverage

credit: The Guardian

 

 Alarm: “By 2030, there will be 800 million children – half the children in the world – who will not finish school with any qualifications whatsoever. That is indeed a crisis that has got to be dealt with.” – Gordon Brown, former UK PM

Alert: Syria: shocking images of starving baby reveal impact of food crisis (credit: The Guardian)


Charter 4 Mobile

Charter 4 mobile

Anyone interested in fundamental rights in the European Union (EU) can now have easy access to the text of the EU Charter of Fundamental Rights in all official languages on their mobile device: http://fra.europa.eu/en/charter4mobile



A high-level event

A high-level event hosted by OECD on 9 October 2012 concerning Capital Flow Management

The dramatic increase in international capital flows, despite a temporary contraction during the global crisis, has motivated policy discussions on the associated benefits and costs of capital mobility.

While international capital movements can support long-term growth, they also pose short-term policy challenges, including those associated with undesirable consequences of exchange-rate appreciation, financial and asset-price cycles and sudden stops in capital flows.

Gross cross-border capital flows rose from about 5% of world GDP in the mid-1990s to about 20% in 2007, or about three times faster than world trade flows.

Prior to the crisis, the dominant components were capital flows among advanced economies and notably cross-border banking flows.

The crisis resulted in a sharp contraction in international capital flows, after reaching historical highs in mid-2007.

The contraction affected mainly international banking flows among advanced economies and subsequently spread to other countries and asset classes. Capital flows have rebounded since the spring of 2009, driven by a bounce-back in portfolio

investment (passive investment in securities) from advanced to emerging-market economies and increasingly among emerging-market economies.

Structural policy reforms can maximise the long-term gains from international capital movements.

Macroeconomic policies, particularly exchange rate and fiscal policies, also have an important role to play in reducing vulnerabilities associated with capital inflows. Exchange rate flexibility mitigates some of the effect of large capital inflows on domestic credit. In addition, countries that typically follow counter-cyclical fiscal policy have on average experienced more moderate credit booms.

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