Showing 1 - 10 of 22
Trade finance shortfalls now appear regularly. Does this matter for trade expansion and economic development in developing countries? Global trade finance has resumed following the 2009 global financial crisis. However, the pattern of recovery has been uneven across countries and categories of...
Persistent link: https://www.econbiz.de/10011631528
transactions take place. The authors find that globalization via the diversification channel expanded throughout the world during …Financial globalization has gathered attention since the early 1990s because of its macro-financial implications and … growing importance. But financial globalization has taken shape via different forms over time. This paper examines two …
Persistent link: https://www.econbiz.de/10012554536
This paper provides the first comprehensive documentation of how firms use domestic and international corporate bond markets. Debt issues in domestic and international markets have different characteristics, not explained by differences across firms or countries. International issues tend to be...
Persistent link: https://www.econbiz.de/10012557091
equity, and cross-listing in major world stock markets. Using a large sample of 39,517 firms from 111 countries covering the …
Persistent link: https://www.econbiz.de/10012552596
regulation. By contrast, the implications for other dimensions of globalization and for the structure of the international …
Persistent link: https://www.econbiz.de/10003927990
Since the 1970s, the world has embarked on a new financial globalization era. Cross-country capital flows have … significantly increased in developed and developing countries. However, the characteristics of financial globalization differ from … financial globalization (such as additional funding, broad diversification, and deeper financial systems), the positive effects …
Persistent link: https://www.econbiz.de/10012569792
The authors present a framework to analyze financial globalization. They argue that financial globalization needs to …, flexible exchange rate regime, and sound contractual and regulatory environment) can integrate successfully into the world …
Persistent link: https://www.econbiz.de/10012573233
bond markets. The evidence shows that integration with world financial markets has uneven effects. On the one hand, debt …
Persistent link: https://www.econbiz.de/10012571858
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 authors study the determinants of the growing migration of stock market activity to international financial centers. They use a sample of 77 countries and document that higher economic growth and more macroeconomic stability help stock market development. Countries with higher income per...
Persistent link: https://www.econbiz.de/10012559577