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The Implications of Trade Barriers for Sectoral Diversification and Macroeconomic Stability in Developing Economies

Srour, Gabriel - International Monetary Fund (IMF) - 2006

The paper examines the implications of lower trade barriers for sectoral diversification and macroeconomic stability in developing economies with a large primary goods sector. It shows that lower trade barriers can have ambiguous effects on macroeconomic stability. It shows also that...

Persistent link: https://www.econbiz.de/10005768953

Rising Income Inequality; Technology, o+L3904r Trade and Financial Globalization?

Papageorgiou, Chris; Lall, Subir; Jaumotte, Florence - International Monetary Fund (IMF) - 2008

We examine the relationship between trade and financial globalization and the rise in inequality in most countries in … recent decades. We find technological progress as having a greater impact than globalization on inequality. The limited … overall impact of globalization reflects two offsetting tendencies: whereas trade globalization is associated with a reduction …

Persistent link: https://www.econbiz.de/10005263792

Financial Integration and Macroeconomic Volatility

Terrones, Marco; Prasad, Eswar; Kose, M. Ayhan - International Monetary Fund (IMF) - 2003

This paper examines the impact of international financial integration on macroeconomic volatility in a large group of industrial and developing economies over the period 1960-99. We report two major results: First, while the volatility of output growth has, on average, declined in the 1990s...

Persistent link: https://www.econbiz.de/10005263967

How Do Trade and Financial Integration Affect the Relationship Between Growth and Volatility?

Prasad, Eswar; Terrones, Marco; Kose, M. Ayhan - International Monetary Fund (IMF) - 2005

context of globalization-a term typically used to describe the phenomenon of growing international trade and financial …

Persistent link: https://www.econbiz.de/10005825974

Changing Nature of North-South Linkages; Stylized Facts and Explanations

Akin, Çigdem; Kose, M. Ayhan - International Monetary Fund (IMF) - 2007

countries, the South, driven by the process of globalization?the phenomenon of rising international trade and financial flows … economic activity on the Emerging South has declined during the globalization period (1986-2005). In contrast, the growth …

Persistent link: https://www.econbiz.de/10005769105

Inequality and Unsustainable Growth; Two Sides of the Same Coin?

Ostry, Jonathan David; Berg, Andrew - International Monetary Fund (IMF) - 2011

This note raises the IMF’s profile on a number of issues related to inequality, unemployment, governance, etc. It builds on earlier empirical work that examined correlations between growth downbreaks/duration of growth spells and a range of macro/policy/institutional factors. This paper is...

Persistent link: https://www.econbiz.de/10011245899

The Role of the Exchange Rate in Inflation-Targeting Emerging Economies; Targeting Emerging Economies

Nordstrom, Anna; Roger, Scott; Stone, Mark R.; Shimizu, … - International Monetary Fund (IMF) - 2009

This paper explores the role of exchange rates in emerging economies with inflation-targeting regimes, an issue that has become especially germane during the current episode of financial turmoil and volatile capital flows. Under inflation targeting, the interest rate is the main monetary policy...

Persistent link: https://www.econbiz.de/10011245907

External Shocks and Inflation in Developing Countries Under a Real Exchange Rate Rule

Ostry, Jonathan David; Montiel, Peter - International Monetary Fund (IMF) - 1992

This paper shows that the response of inflation to external shocks is very different when the authorities target the real exchange rate than when they follow a fixed exchange rate or a preannounced crawling peg. Specifically, shocks that would have no effect on the steady-state inflation rate...

Persistent link: https://www.econbiz.de/10005248257

The Impact of Trade Liberalizationon the Trade Balance in Developing Countries

Wu, Yi; Zeng, Li - International Monetary Fund (IMF) - 2008

Using two recently constructed measures of trade liberalization dates, this research studies the impact of trade liberalization on imports, exports, and overall trade balance for a large sample of developing countries. We find strong and consistent evidence that trade liberalization leads to...

Persistent link: https://www.econbiz.de/10005248278

Inflation Pressures and Monetary Policy Options in Emerging and Developing Countries-A Cross Regional Perspective

Ötker, Inci; Vávra, David; Vázquez, Francisco F.; … - International Monetary Fund (IMF) - 2009

This paper analyzes the monetary policy response to rising inflation in emerging and developing countries associated with the food and oil price shocks in 2007 and the first half of 2008. It reviews inflation developments in a sample of countries covering all regions and a broad range of...

Persistent link: https://www.econbiz.de/10005264056