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for estimation purpose. The results of the study reveal that in overall Asia and Central Asia, financial globalization has …This study is an endeavor to empirically examine the long run impact of financial globalization on output volatility in … globalization is reported in the context of three sub-samples i.e. East Asia, South Asia and West Asia during reference period. The …
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Recent studies have conjectured that there may be a link between financial liberalization and financial instability in emerging economies. Most of these studies, however, do not investigate whether emerging economies are becoming structurally more vulnerable to currency and banking crises. In...
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The People's Republic of China (PRC) is beginning a new wave of financial liberalization, which is necessary to support strong economic growth, but will financial liberalization lead to major financial crises, as happened in many middle-income countries? The empirical examinations conducted in...
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brought renewed attention to the role and benefits of financial globalization. A number of notable distinctions between the …
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Will the world run out of "safe assets" and what would be the consequences on global financial stability? We argue that … in a world with competing private stores of value, the global economic system tends to favor the riskiest ones. Privately … produced stores of value cannot provide sufficient insurance against global shocks. Only public safe assets may, if …
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