Showing 1 - 10 of 397
This article proposes and evaluates four hypotheses about US pollution and environmental policy over the last half … century. First, air and water pollution have declined substantially, although greenhouse gas emissions have not. Second …, environmental policy explains a large share of these trends. Third, much of the regulation of air and drinking water pollution has …
Persistent link: https://www.econbiz.de/10012696387
We identify the timing of currency, banking crises and sudden stops in New Zealand from 1880 to 2008, and consider the extent to which empirical models can explain New Zealand's crisis history. We find that the cross country evidence on the determinants of crises fits New Zealand experience...
Persistent link: https://www.econbiz.de/10012462626
In this paper I analyze the role of openness and globalization in Latin America's economic development. The paper is … crises have been more costly in Latin America than in the rest of the world. I also find that the cost of external crises has …
Persistent link: https://www.econbiz.de/10012464617
This lecture examines whether financial globalization is beneficial to developing countries by first examining the … to examine whether globalization, particularly of the financial kind, can help encourage financial and economic … development and argues that it can. However, financial globalization does not always work to encourage economic development …
Persistent link: https://www.econbiz.de/10012466780
We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...
Persistent link: https://www.econbiz.de/10012479322
valuation gap for firms from developed markets increases by 31% after the GFC - a reversal in financial globalization - while …
Persistent link: https://www.econbiz.de/10012481979
. Financial globalization gathered force. Trade globalization, however, reversed course since the Global Financial Crisis. The new … financial globalization …
Persistent link: https://www.econbiz.de/10012482149
. The paper provides an overview of the new globalization trends in the world and in Israel, with emphasis on the role of …Post WWII globalization forces are facing headwinds in the form of global crises-the "The Great Recession" and the "The … Pandemic Recession". Israel's trade and financial globalization, however, is steadily rising. The pandemic-induced slump in …
Persistent link: https://www.econbiz.de/10012482557
The global imbalance explanation of the financial crisis of 2007-09 suggests that demand for riskless assets from countries with current account surpluses created fragility in countries with current account deficits, most notably, in the United States. We examine this explanation by analyzing...
Persistent link: https://www.econbiz.de/10012462576
Two observations suggest that financial globalization played an important role in the recent financial crisis. First …
Persistent link: https://www.econbiz.de/10012463217