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globalization period (1986-2003). The results indicate that the common (G-7) factor explains a larger fraction of output …, consumption, and investment volatility in the globalization period than in the BW period. These findings suggest that the degree … globalization period. …
Persistent link: https://www.econbiz.de/10005825664
globalization (1985-2005), there has been some convergence of business cycle fluctuations among the group of industrial economies …
Persistent link: https://www.econbiz.de/10005825794
context of globalization-a term typically used to describe the phenomenon of growing international trade and financial … integration that has intensified since the mid-1980s. Using a comprehensive new data set, we document that, while the basic … negative association between growth and volatility has been preserved during the 1990s, both trade and financial integration …
Persistent link: https://www.econbiz.de/10005825974
-Level Conference on Asian Integration cohosted by the Monetary Authority of Singapore and the IMF on May 25, 2006. The first documents … recent trends in the intraregional flow of goods and capital and explores linkages between real and financial integration …-of financial integration in Asia. The third considers the implications of economic integration for the choice of the exchange rate …
Persistent link: https://www.econbiz.de/10005826187
the improvement in the external position for emerging markets, and the differing pace of financial integration between …
Persistent link: https://www.econbiz.de/10005826601
This paper documents stylized facts on the process of structural transformation around the world and empirically analyzes its determinants using data on real value added by sector of economic activity (agriculture, manufacturing and services) for a panel of 168 countries over the period...
Persistent link: https://www.econbiz.de/10010790237
This paper presents a new model for studying international capital flows and debt dynamics that emphasizes the role played by expectations concerning future trade flows and returns. I use the model to estimate the drivers of the U.S. external position and capital flows between 1973 and 2008. The...
Persistent link: https://www.econbiz.de/10010790339
Financial globalization has increased dramatically over the past three decades, particularly for advanced economies … principle, financial globalization should enhance international risk sharing, reduce macroeconomic volatility, and foster …
Persistent link: https://www.econbiz.de/10010790496
declined over the same period. In short, the recent era of globalization has witnessed the emergence of regional business …
Persistent link: https://www.econbiz.de/10011142006
International financial integration has greatly increased the scope for changes in a country's net foreign asset …
Persistent link: https://www.econbiz.de/10008497614