Showing 61 - 70 of 120
This paper highlights the increased dispersion in net external positions in recent years, particularly among industrial countries. It provides a simple accounting framework that disentangles the factors driving the accumulation of external assets and liabilities (such as trade imbalances,...
Persistent link: https://www.econbiz.de/10005605075
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 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
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
between financial globalization and corporate tax rates and revenues—results vary according to country grouping with OECD …
Persistent link: https://www.econbiz.de/10011123823
Has the unprecedented financial globalization of recent years changed the behavior of capital flows across countries …
Persistent link: https://www.econbiz.de/10011242219
We examine the properties of house price fluctuations across 18 advanced economies over the past 40 years. We ask two specific questions: First, how synchronized are housing cycles across these countries? Second, what are the main shocks driving movements in global house prices? To address these...
Persistent link: https://www.econbiz.de/10011242255
The global financial crisis was a stark reminder of the importance of cross-country linkages in the global economy. We document growth synchronization across a diverse group of 185 countries covering 7 regions, and pay particular attention to the period around the global financial crisis. A...
Persistent link: https://www.econbiz.de/10011242334