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Boersch-Supan, Axel - 2001

Throughout the world, population aging is a major challenge that will continue well into the 21st century. While the …-country overlapping generations model and combine it with long-term demographic projections for several world regions over a 50 year … horizon. Our simulations suggest that capital flows from fast-aging industrial countries (such as Germany and Italy) to the …

Persistent link: https://www.econbiz.de/10012470165

The International Diversification Puzzle is Worse Than You Think

Baxter, Marianne - 1995

Although international financial markets are highly integrated across the more well-developed countries, investors nevertheless hold portfolios that consist nearly exclusively of domestic assets. This violation of the predictions of standard theories of portfolio choice is known as the...

Persistent link: https://www.econbiz.de/10012473874

The Limits of Financial Globalization

Stulz, Rene M. - 2005

Despite the dramatic reduction in explicit barriers to international investment activity over the last 60 years, the impact of financial globalization has been remarkably limited. I argue that country attributes are still critical to financial decision-making because of what I call the twin...

Persistent link: https://www.econbiz.de/10012467617

Trade Wars : The Exaggerated Impact of Trade in Economic Debate

Freeman, Richard B. - 2003

, IMF, and World Bank meetings demanding global labor standards. Comparing the claims made in this debate with the outcomes …

Persistent link: https://www.econbiz.de/10012468655

The Great Moderation in International Capital Flows : A Global Phenomenon?

McQuade, Peter - 2016

This paper highlights a recent ‘great moderation' in global capital flows, characterized by smaller volumes and lower volatility of cross-border transactions. However, there are substantial differences across countries and regions which we analyse by comparing the level of international...

Persistent link: https://www.econbiz.de/10012983089

Banking Globalization, Transmission, and Monetary Policy Autonomy

Goldberg, Linda S. - 2013

International financial linkages, particularly through global bank flows, generate important questions about the consequences for economic and financial stability, including the ability of countries to conduct autonomous monetary policy. I address the monetary autonomy issue in the context of...

Persistent link: https://www.econbiz.de/10012459165

Nominal Stability and Financial Globalization

Devereux, Michael B. - 2012

Over the one and a half decades prior to the global financial crisis, advanced economies experienced a large growth in gross external portfolio positions. This phenomenon has been described as Financial Globalization. Over roughly the same time frame, most of these countries also saw a...

Persistent link: https://www.econbiz.de/10012460862

Causes of the Great Recession of 2007-9 : The Financial Crisis is the Symptom not the Disease!

Jagannathan, Ravi - 2009

Globalization has made it possible for labor in developing countries to augment labor in the developed world, without … world's effective labor supply, triggered by geo-political events and technological innovations, coupled with the inability …

Persistent link: https://www.econbiz.de/10012463245

Risk, Volatility, and the Global Cross-Section of Growth Rates

Burnside, Craig - 2009

We reconsider the empirical links between volatility and growth between 1970 and 2007. There is a strong and significant correlation between individual country growth rates and global factors that are arguably exogenous with respect to their economies. The amount of volatility driven by these...

Persistent link: https://www.econbiz.de/10012463424

Global Imbalances and Financial Fragility

Caballero, Ricardo J. - 2009

behind this crisis is the large demand for riskless assets from the rest of the world. In this paper we present a model to …

Persistent link: https://www.econbiz.de/10012463959