Epstein Files Search

EFTA00913370Dataset 9

2011-06-223p1,539w

Subject: FW: Why and how least developed countries can receive more FDI to meet their development

From: Vccsll [mallto: On Behalf Of Karl SauvantTo: Jeffrey Epstein -4

…thank Lam Kekic, Michael Lalor and Padma Mallampally for their helpful comments on this Perspective. The views expressed by the author of this Perspective do not necessarily reflect the opinions of Columbia University or its partners and supporters. Columbia FDI Perspectives (ISSN 2158-3579) is a peer-reviewed series. [ ][1] LDCs are defined by three criteria: low GNI per capita, weak human assets and economic vulnerability. [2][2] Unless otherwise cited, the statistics in this Perspective are taken, or calculated…

https://www.justice.gov/epstein/files/DataSet%209/EFTA00913370.pdf

EFTA01451178Dataset 10

2014-01-091p588w

…the originally proposed profit sharing regime, increase the 025 -• potential for FDI inflows. While we do not expect the 020 •• first inflows until 2015. academic research into M&A flows and the relationship between exchange rates and 015 • commodity prices suggest that FX markets may 'pre- price' expected capital flows meaning that continued 010 • momentum over secondary legislation will be more 006 • important than deal announcements per se. It is worth noting that Mexico has foregone the bonanza in FDI. …

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01451178.pdf

EFTA01451147Dataset 10

2014-01-091p586w

…the 025 -• potential for FDI inflows. While we do not expect the 020 •• first inflows until 2015. academic research into M&A flows and the relationship between exchange rates and 015 • commodity prices suggest that FX markets may 'pre- price' expected capital flows meaning that continued 010 • momentum over secondary legislation will be more 006 • important than deal announcements per se. It is worth noting that Mexico has foregone the bonanza in FDI. Jan-CG Aot-G-1 Jul-C6…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01451147.pdf

EFTA01446667Dataset 10

2014-01-091p586w

…the originally proposed profit sharing regime, increase the 025 -• potential for FDI inflows. While we do not expect the 020 •• first inflows until 2015. academic research into M&A flows and the relationship between exchange rates and 015 • commodity prices suggest that FX markets may 'pre- price' expected capital flows meaning that continued OW • momentum over secondary legislation will be more 006 • important than deal announcements per se. It is worth noting that Mexico has foregone the bonanza in FDI. …

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01446667.pdf

EFTA01449371Dataset 10

2013-02-281p353w

… Figure 2: ...as current account surplus outweigh the net FDI outflows 200 150 100 1.6 100 - 60 103 1.5 50 - 0 -y 1.4 0 -so -100 1.3 .60 -100 1.2 -100 -200 -150 1.1 -150 -300 1.0 .200 -203 —C lot to t 12 moth 0.9 -260 -250 -400 Bmle B moue 12-inaren Met F01 12 month Q0 -300 -300 .500 USCVEUR 0.7 J en-01 Jan43 Jan-05 Jan…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01449371.pdf

EFTA01449372Dataset 10

2013-02-281p310w

…positive. . . Figure 2: as net FDI inflows continue to climb 50 — 8 ame Balance 4Q sum 1 20 100 100 30 AUDNED (is) . 1 10 —Not FDI 75 75 FOICluelbws 10 —F011nlaws 50 50 -10 25 25 -30 0 0 -60 -26 -26 -70 060 -90 050 .50 Dec-90 Dec-94 Dec-98 Cec-a2 Ds-06 Dec-10 Jan.91 Jan.94.1sn.97 Jan. )8603 Jen.06 Jan.09 isn42 tauva CV, A Pwe.m.:t. vb…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01449372.pdf

EFTA01375010Dataset 10

1p93w

Deutsche Bank Addendum-I: Economic implications of lifting sanctions on Iran FDI inflows to Iran and arowth FDI inflows to Iran by sector 10 12 10 z 8 8 8 Sanctions intensified 4 6 0 4 -4 2 -8 2003 2012 2003 2004 2005 2006 2007 20O3 20392010 20112012 2013 2014 2015 ....ipReal GDP growth, % anumFDI (US$ bin, RHS) • Oil and gas • Manufacturing • Services • Real estate Source: World Bank. IMF. and Deutsche Bank Deutsche Sank 39 CONFIDENTIAL - PURSUANT TO FED…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01375010.pdf

EFTA01451140Dataset 10

2014-01-091p587w

9 January 2014 FX Blueprint: Thin end of the wedge Theme 1t3: - Home Counties trump Mounties ▪ Inflation risks and potential FDI inflows should lInflation Could Be Here Sooner Than Market Expects keep sterling supported this year, but a widening current account deficit and stronger USD will 58.0 Emplyt PMI, 9m lead 6 constrain gains versus the euro and dollar. We are -GBP AWE rag pay, priv moderately bearish EUR/GBP and GBP/USD. 56.01 forecasting 80p and…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01451140.pdf

EFTA01451170Dataset 10

2014-01-091p589w

…story, though lackluster external shipments and 10 • 120 strengthening domestic demand are supplementary 110 issues. Net FDI outflows a similar-sized drag that is 0 only likely to get bigger even if the current account 100 gradually improves. That reflects a massive cost-of- -10 90 funding advantage spurring catch-up after Japanese -20 corporates have been risk averse and lagged their --Sava ITIO/1tY gen $0 (WroY. competitors in overseas expansion over the last two -30 70 decades. Overall…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01451170.pdf

EFTA01459702Dataset 10

2016-01-121p602w

…3mma surplus is used up by net FDI abroad. Indeed, retained e1 am Portfolio amount l=11FDI earnings comprise a large chunk of both the current —B • ad basic balance account surplus and FDI outflows. These are offsetting a / accounting entries rather than cross-border flows, and 4 .1 their sheer size stabilizes the CA/FDI ratio. For now, 2 Japanese corporates enjoy the earnings power to keep investing. Hence, FDI flows will give little impetus to the yen in either…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01459702.pdf

EFTA01446659Dataset 10

2014-01-091p587w

9 January 2014 FX Blueprint: Thin end of the wedge Theme 1t3: - Home Counties trump Mounties ▪ Inflation risks and potential FDI inflows should lInflation Could Be Here Sooner Than Market Expects keep sterling supported this year, but a widening current account deficit and stronger USD will 58.0 Emplyt PMI, 9m lead 6 constrain gains versus the euro and dollar. We are -GBP AWE rag pay, priv moderately bearish EUR/GBP and GBP/USD. 56.01 forecasting 80p and…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01446659.pdf

EFTA01451138Dataset 10

2014-01-091p853w

…and third on hest ct GIO expected FDI and cyclical pick-up. We underestimated UK growth in 2013, but for 2014 we intend not to miss the changes in the UK economy. The starkest one will likely be the pick-up in inflation, Last year's Blueprint's Trades which will only add to expectations of a more hawkish Our trades from the last Blueprint were mixed. Our best Bank of England. The pipeline for FDI into the UK also …

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01451138.pdf

EFTA01451186Dataset 10

2014-01-091p587w

9 January 2014 FX Blueprint: Thin end of the wedge Theme 1t3: - Home Counties trump Mounties ▪ Inflation risks and potential FDI inflows should lInflation Could Be Here Sooner Than Market Expects keep sterling supported this year, but a widening current account deficit and stronger USD will 58.0 Emplyt PMI, 9m lead 6 constrain gains versus the euro and dollar. We are -GBP AWE rag pay, priv moderately bearish EUR/GBP and GBP/USD. 56.01 forecasting 80p and…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01451186.pdf

EFTA01451184Dataset 10

2014-01-091p858w

…and third on host ct GIO expected FDI and cyclical pick-up. We underestimated UK growth in 2013, but for 2014 we intend not to miss the changes in the UK economy. The starkest one will likely be the pick-up in inflation, Last year's Blueprint's Trades which will only add to expectations of a more hawkish Our trades from the last Blueprint were mixed. Our best Bank of England. The pipeline for FDI into the UK also …

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01451184.pdf

EFTA01449369Dataset 10

2013-02-281p302w

Deutsche Bank El 28 February 2013 Exchange Rate Perspectives Canada (CAD bn) Figure 1: The basic balance has generally been in a Figure 2: as net FDI outflows continue downtrend since 2007 —Net FDI 80 Base Baena, 40 1 10 60 60 OulWatl Olga Inassynoms 60 CADJUSI) - Queen Ave lase (m) - 1.06 Odra Imestrn. -ine.J.t 40 - 1.00 40 40 20 •0% ▪ 0.90 20 20 0 . 0 86 20 • 0.60 0 0 -40 • 0…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01449369.pdf

EFTA01449347Dataset 10

2013-05-161p643w

…and equipment focus to a local-expenditure- -1 105 heavy building and structures focus, the AUD-intensity -2 of this spending may well increase. This argues that 095 -3 the need for resource firms to continue to generate 085 ..4 substantial FDI inflows will likely remain intact. -5 015 4 As to how we prefer to express this AUD view, one 065 relatively consistent dynamic in FX options markets is the tendency of AUD/USD options to skew towards 055 …

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01449347.pdf

EFTA01451171Dataset 10

2014-01-091p586w

9 January 2014 FX Blueprint: Thin end of the wedge Theme 1t3: - Home Counties trump Mounties ▪ Inflation risks and potential FDI inflows should lInflation Could Be Here Sooner Than Market Expects keep sterling supported this year, but a widening current account deficit and stronger USD will 58.0 Emplyt PMI, 9m lead 6 constrain gains versus the euro and dollar. We are -GBP AWE rag pay, priv moderately bearish EUR/GBP and GBP/USD. 56.01 forecasting 80p and…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01451171.pdf

EFTA01449272Dataset 10

2013-02-281p331w

28 February 2013 Exchange Rate Perspectives Deutsche Bank Japan (JPY trillion) Figure 1: The negative basic balance has been Figure 2' as net FDI outflows gather momentum accelerating recently... 20 70 4 CO 15 - 90 1 . 100 -2 0 - 110 -5 120 5 L I 130 .8 0 • 140 ' 41 B••Ie Ina 12M sum 150 —Wtfp USOPPf (sighs "Dab, Numb:9 Dag ines.snerri n .14444 by Feely** 160 .14 -Cosa mm Abend by A031d0111,1 44 JirP91 Jan…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01449272.pdf

EFTA01446666Dataset 10

2014-01-091p543w

9 January 2014 FX Blueprint: Thin end of the wedge History provides us with good templates of economies Strong and persistent FDI inflows into Israel where oil/gas findings resulted in a significant contribution to the BoP and persistent appreciation (NLG & NOK). Also, Bol governor Hug acknowledged 4- as much on Nov 19th when she argued that the current 3- intervention policies are only "acting to give the 2 G1 business sector time to adjust to the trends derived from…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01446666.pdf

EFTA01451012Dataset 10

1p453w

…for employment levels to finally begin to rise in a meaningful manner. If slower growth in China puts further pressure on commodity prices, as we expect, the multiplier effect on Brazil could be significant in terms of fiscal revenues and future FDI inflows to finance the current account deficit. Against this backdrop, the Real is likely to further depreciate against the US dollar. Notwithstanding the very poor fundamentals, we need to beware of a repeat of what has happened to…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01451012.pdf