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How should emerging economies manage their foreign exchange reserves?

Gupta, Akash; Agarwal, Rahul - EconWPA - 2004

Asia has emerged as the balancing wheel of global finance. The countries of Asia now account for 70 per cent of global foreign exchange reserves, compared to only 30 percent in 1990 and 21 per cent in the early 1970s. This paper explores theoretical interpretations for the relatively high demand...

Persistent link: https://www.econbiz.de/10005119482

An approach to bank insolvency in transition and emerging economies

Mayes, David G. - EconWPA - 2004

In the light of the inequity of the way losses from bank insolvencies and their avoidance through intervention by the authorities have been distributed over creditors, depositors, owners and the population at large in transition and emerging economies, this paper explores a number of regulatory...

Persistent link: https://www.econbiz.de/10005134654

Collateral-Based Lending in Emerging Markets: Evidence from Thailand

Menkhoff, Lukas; Neuberger, Doris; Suwanaporn, Chodechai - EconWPA - 2005

This paper examines the role and determinants of collateral in emerging markets compared to mature ones. Analyzing a data set of 560 credit files of Thai commercial banks, we find that both the incidence and degree of collateralization are higher there than in developed markets. Thai banks use...

Persistent link: https://www.econbiz.de/10005134744

Globalization and disarticulations: The road to exclusion in Latin America

Kostzer, Daniel - EconWPA - 2005

The growing unhappiness in the Latin American region after a decade of structural adjustment programs, deregulation and opening of the economy is more than a mere “state of mind” of the population. Notwithstanding the overall growth of the economy and the so called “modernization” at...

Persistent link: https://www.econbiz.de/10005118728

THE TWO FACES OF GLOBALIZATION: AGAINST GLOBALIZATION AS WE KNOW IT

Milanovic, Branko - EconWPA - 2003

The paper shows that the current view of globalization as an automatic and benign force is flawed: it focuses on only … one, positive, face of globalization while entirely neglecting a malignant one. The two key historical episodes that are … adduced by the supporters of the “globalization as it is” (the Halcyon days of the 1870-1913, and the record of the last two …

Persistent link: https://www.econbiz.de/10005118746

Poverty, Inequality and Permeability to Globalization Effects : A Study of Select Villages in Udalguri Subdivision of Assam

Mishra, SK; Daimari, Prasen - EconWPA - 2005

Globalization is a deliberate decision to open up a national economy to the forces of product, factor and money markets … regime and went in for globalization in the early 1990’s. However, globalization of the Indian Economy has been defensive … in the social spirit and prowess, so much needed to benefit from globalization. Acute poverty is the major structural …

Persistent link: https://www.econbiz.de/10005119015

Trade Openness, Foreign Direct Investment and Child Labor

Neumayer, Eric; Soysa, Indra de - EconWPA - 2003

Persistent link: https://www.econbiz.de/10005119230

CAN WE DISCERN THE EFFECT OF GLOBALIZATION ON INCOME DISTRIBUTION? Evidence from Household Budget Surveys

Milanovic, Branko - EconWPA - 2003

The effects of globalization on income distribution within rich and poor countries are a matter of controversy. While … presents another attempt to discern the effects of globalization by using the data from household budget surveys and looking at …

Persistent link: https://www.econbiz.de/10005119246

The international diffusion of new technologies: a multi-technology analysis of latecomer advantage and global economic integration

Perkins, Richard; Neumayer, Eric - EconWPA - 2004

The diffusion of modern, efficient technology has far-reaching consequences for the geography of economic activity, inequality and environmental quality. This article examines two popular yet highly controversial claims about the conditions most favorable to the rapid spread of new technology....

Persistent link: https://www.econbiz.de/10005062437

INCOME CONVERGENCE DURING THE DISINTEGRATION OF THE WORLD ECONOMY 1919-39

Milanovic, Branko - EconWPA - 2003

Some economists have argued that the process of disintegration of the world economy between the two World Wars led to income divergence between the countries. This is in keeping with the view that economic integration leads to income convergence. The paper shows that the view that the period...

Persistent link: https://www.econbiz.de/10005076560