Search Results - subject:"Financial globalization"

Financial Globalization in Emerging Countries : Diversification vs. Offshoring

Ceballos, Francisco; Didier, Tatiana; Schmukler, Sergio L. - East Asian Bureau of Economic Research (EABER) - 2012

ï»¿Financial globalization has gathered attention since the early 1990s because of its macro-financial and crisis … implications and its perceived large expansion. But financial globalization has taken different forms over time. This paper … examines two important concurrent dimensions of financial globalization relevant for emerging countries : diversification and …

Persistent link: https://www.econbiz.de/10011278048

Financial Globalization in Emerging Countries : Diversification vs. Offshoring

Ceballos, Francisco; Didier, Tatiana; Schmukler, Sergio L. - East Asian Bureau of Economic Research (EABER) - 2012

Persistent link: https://www.econbiz.de/10011278146

Operative Principles of Islamic Derivatives; Towards a Coherent Theory

Sole, Juan; Jobst, Andreas - International Monetary Fund (IMF) - 2012

Derivatives are few and far between in countries where the compatibility of financial transactions with Islamic law requires the development of shari'ah-compliant structures. Islamic finance is governed by the shari'ah, which bans speculation and gambling, and stipulates that income must be...

Persistent link: https://www.econbiz.de/10009654161

Financial Globalization and Animal Spirits

Kunieda, Takuma; Shibata, Akihisa - Volkswirtschaftliche Fakultät, … - 2012

Using a multi-country general equilibrium model, we demonstrate that when agents face credit constraints in an international financial market, rational expectations, which are ex-post heterogeneous between countries, cause business fluctuations. If the international financial market becomes...

Persistent link: https://www.econbiz.de/10009422093

Financial Globalization in Emerging Countries: Diversification vs. Offshoring

Ceballos, Francisco; Didier, Tatiana; Schmukler, Sergio L. - Asian Development Bank Institute, Asian Development Bank - 2012

Financial globalization has gathered attention since the early 1990s because of its macro-financial and crisis … implications and its perceived large expansion. But financial globalization has taken different forms over time. This paper … examines two important concurrent dimensions of financial globalization relevant for emerging countries: diversification and …

Persistent link: https://www.econbiz.de/10010840202

Taming the Economic Crisis - a Stringent Necessity for Romania

SALCEANU, Alexandru - In: Risk in Contemporary Economy (2012), pp. 357-362

At the beginning of this century, the financial globalisation, reflected by the integration of capital markets, gained a positive effect by leading the resources to their most productive place, contributing at the same time to the development of poorer areas. However, in time, due to a set of...

Persistent link: https://www.econbiz.de/10010743177

International Capital Flows and Debt Dynamics

Evans, Martin D. D. - International Monetary Fund (IMF) - 2012

This paper presents a new model for studying international capital flows and debt dynamics that emphasizes the role played by expectations concerning future trade flows and returns. I use the model to estimate the drivers of the U.S. external position and capital flows between 1973 and 2008. The...

Persistent link: https://www.econbiz.de/10010790339

Financial Globalisation and the Crisis

Lane, Philip R. - Bank for International Settlements (BIS) - 2012

The global financial crisis provides an important testing ground for the financial globalisation model. We ask three questions. First, did financial globalisation materially contribute to the origination of the global financial crisis? Second, once the crisis occurred, how did financial...

Persistent link: https://www.econbiz.de/10010598580

Government Bonds and their Investors; What Are the Facts and Do they Matter?

Andritzky, Jochen R. - International Monetary Fund (IMF) - 2012

This paper introduces a new dataset on the composition of the investor base for government securities in the G20 advanced economies and the euro area. During the last decades, investors from abroad have increased their presence in government bond markets. The financial crisis broke this trend....

Persistent link: https://www.econbiz.de/10011242181

Emerging Market Sovereign Bond Spreads; Estimation and Back-testing

Comelli, Fabio - International Monetary Fund (IMF) - 2012

We estimate sovereign bond spreads of 28 emerging economies over the period January 1998-December 2011 and test the ability of the model in generating accurate in-sample predictions for emerging economies bond spreads. The impact and significance of country-specific and global explanatory...

Persistent link: https://www.econbiz.de/10011242238