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the weight of U.S. liabilities in the rest of the world''s stock of external assets. Finally, it relates the empirical …
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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/10013064180
Using cross-country differences in the degree of isolation before the advent of technologies in sea and air transportation, we assess the relationship between geographic isolation and financial development across the globe. We find that pre-historic geographical isolation has been beneficial to...
Persistent link: https://www.econbiz.de/10012945807
and Structure Database of the World Bank are employed, namely: financial depth (money supply and liquid liabilities … identified by the Financial Development and Structure Database of the World Bank …
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globalization remains open to debate in the literature. In this paper, we try to put some empirical structure on the concept of … object is to assess if financial benefits of financial globalization are questionable until greater domestic financial … financial development benefits of financial globalization. The estimation approach consists of assessing the impact of financial …
Persistent link: https://www.econbiz.de/10013047730
This paper addresses the implications of financial globalization for exchange rate behavior. We highlight two …
Persistent link: https://www.econbiz.de/10012709670