Showing 1 - 10 of 21
the weight of U.S. liabilities in the rest of the world''s stock of external assets. Finally, it relates the empirical …
Persistent link: https://www.econbiz.de/10014404202
Persistent link: https://www.econbiz.de/10012487207
equity, and/or cross-listing in major world stock markets. Using a large sample of 39,517 firms from 111 countries covering …
Persistent link: https://www.econbiz.de/10014400333
a world economy that was characterized by widespread restrictions on international capital mobility. In contrast, the … rapid pace of financial globalization during recent years poses new challenges for the international monetary system. In … explores some of the interconnections between financial globalization and exchange rate adjustment and discusses the policy …
Persistent link: https://www.econbiz.de/10014400701
regulation. By contrast, the implications for other dimensions of globalization and for the structure of the international …
Persistent link: https://www.econbiz.de/10003927990
This paper studies the relation between firm''s financing choices and financial globalization. Using an East Asian and …
Persistent link: https://www.econbiz.de/10014403539
This paper analyzes the effects of capital controls and crises on financial integration, using stocks from emerging economies that trade in both domestic and international markets. The cross-market premium (the ratio between the domestic and the international market price of cross-listed stocks)...
Persistent link: https://www.econbiz.de/10003855387
This paper considers the general equilibrium relationship between exchange rates and global imbalances. It emphasizes that the exchange rate is not a primitive but an equilibrium price determined by the policy mix. It uses extensions of the two-country Obstfeld-Rogoff model to analyze the...
Persistent link: https://www.econbiz.de/10008937609
The paper provides a systematic analysis of bilateral, source and host factors driving portfolio equity investment across countries, using newly-released data on international equity holdings at the end of 2001. It develops a model that links bilateral equity holdings to bilateral trade in goods...
Persistent link: https://www.econbiz.de/10014400933
We construct estimates of external assets and liabilities for 145 countries for the period 1970-2004. We describe our estimation methods and present key features of the data at the country and the global level. We focus on trends in net and gross external positions, and the composition of...
Persistent link: https://www.econbiz.de/10014402401