Showing 1 - 10 of 201
This paper documents the evolution of measures of financial integration for major advanced and emerging markets … economies, assesses whether advances in integration have had a significant positive impact on countries' risk-adjusted growth … opportunities, and identifies some of the channels through which financial integration may foster growth. Three main results obtain …
Persistent link: https://www.econbiz.de/10005263723
groups of countries and examines how international financial integration has affected the evolution of these patterns. Using …
Persistent link: https://www.econbiz.de/10005263747
We document external investment positions among European Union countries at the start of the financial crisis through the creation of a new database comprising bilateral external financial asset and liabilities, excluding reserve assets and derivatives. While there are some gaps in the data, the...
Persistent link: https://www.econbiz.de/10008839331
Stock markets play a key role in corporate financing in Asia. However, despite their increasing importance in terms of size and cross-border investment activity, the region’s markets are reputed to be more “idiosyncratic†and less reliant on economic and corporate fundamentals...
Persistent link: https://www.econbiz.de/10011142146
Financial globalization has increased dramatically over the past three decades, particularly for advanced economies, while emerging market and developing countries experienced more moderate increases. Divergences across countries stem from different capital control regimes, and factors such as...
Persistent link: https://www.econbiz.de/10010790496
This paper reports on progress made on Nicaragua’s National Human Development Plan as of 2010. The operational goal for Nicaragua’s National Human Development Plan is economic growth with increased employment and reduced inequality and poverty. The results for 2007–10...
Persistent link: https://www.econbiz.de/10011244377
This 2007 Article IV Consultation highlights that Malta’s economic recovery is gaining traction, owing in large part to cyclical strength and some structural change. A public investment boom, financed largely by grants from the European Union, reignited growth in 2005. A modest recovery...
Persistent link: https://www.econbiz.de/10011244380
This Selected Issues paper for Algeria analyzes the potential economic impact of Algeria’s Association Agreement with the European Union (AAEU). The paper lays out the major elements of Algeria’s AAEU and makes a comparison with other AAEUs. It discusses the potential economic...
Persistent link: https://www.econbiz.de/10011244528
This paper focuses on common policies for member countries of Central African Economic and Monetary Community (CEMAC). It highlights that the fiscal stance should be more cautious in some countries where policy buffers are insufficient to withstand shocks. The recent easing of monetary policy...
Persistent link: https://www.econbiz.de/10011244624
The Hong Kong Special Administrative Region (SAR)'s healthy labor market and supportive fiscal policy helped its domestic economy's resilience, while its gross domestic product (GDP) growth was marginally slow owing to its weak external environment. Its fiscal policy has been effective in...
Persistent link: https://www.econbiz.de/10011244791