Showing 1 - 10 of 14
in affecting developing countries’ experiences with financial globalization. …
Persistent link: https://www.econbiz.de/10005590880
integration with the rest of the world, arguably turning these economies more vulnerable to global financial shocks; and an …
Persistent link: https://www.econbiz.de/10011242368
This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows....
Persistent link: https://www.econbiz.de/10011245902
This paper proposes a price-based measure to mitigate the destabilizing impact of the volatility of global capital movements on the domestic economy of a country pursuing sound economic policies. The measure is a withholding tax on all private capital inflows, with a credit and refund provision...
Persistent link: https://www.econbiz.de/10005263778
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
wisdom that globalization has increased the degree of synchronization of business cycles. The evidence that trade and …
Persistent link: https://www.econbiz.de/10005769009
Persistent link: https://www.econbiz.de/10005590943
The paper investigates the determinants of business cycles synchronization across regions. It uses both international and intranational data to evaluate the linkages between trade in goods, trade in financial assets, specialization and business cycles synchronization using a system of...
Persistent link: https://www.econbiz.de/10005599637
Globalization has become the focus for a wide range of protests against various features of the world economy. This … paper aims to give a concise summary of the economic dimensions of globalization, while leaving to one side other aspects …—such as cultural, environmental, or political ones—that are beyond the scope of the IMF. Periods of increased globalization …
Persistent link: https://www.econbiz.de/10005605538
This paper documents stylized facts on the process of structural transformation around the world and empirically …
Persistent link: https://www.econbiz.de/10010790237