Showing 1 - 10 of 199
divergent experiences of oil-rich economies across the world. This implies that oil wealth does not necessarily weaken the non …
Persistent link: https://www.econbiz.de/10005826047
The literature on the benefits and costs of financial globalization for developing countries has exploded in recent … macroeconomic effects of financial globalization, in terms of both growth and volatility. Overall, our critical reading of the … financial globalization, but with many nuances. On the other hand, there is little systematic evidence to support widely cited …
Persistent link: https://www.econbiz.de/10005263828
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
in affecting developing countries’ experiences with financial globalization. …
Persistent link: https://www.econbiz.de/10005590880
advantage. Financial globalization then induces more specialization and more trade. The present framework yields explicit closed …
Persistent link: https://www.econbiz.de/10005599412
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
This paper provides a general equilibrium analysis of the trade effects of the formation of a currency union, and of its subsequent enlargement to include an economically dissimilar country. Furthermore, it investigates how economic dissimilarities among countries affect the magnitude of the...
Persistent link: https://www.econbiz.de/10005604779
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
Liechtenstein’s financial sector business has created money laundering risks. The investigative powers of the law enforcement authorities are comprehensive enough to enable them to conduct serious investigations in an effective way. Money laundering is criminalized broadly in line with...
Persistent link: https://www.econbiz.de/10011244846
insist that international colleges of regulators are not enough-that it is desirable to create a World Financial Organization …
Persistent link: https://www.econbiz.de/10008528699