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The rules governing trade and capital flows have been at the center of controversy as globalization has proceeded. One …, IMF, and World Bank meetings demanding global labor standards. Comparing the claims made in this debate with the outcomes … market. Changes in trade policy have had modest impacts on labour market. Other aspects of globalization -- immigration …
Persistent link: https://www.econbiz.de/10013230810
convergence of the three policy goals in East Asia toward a “middle ground” pre-dates the convergence of these indices in other … known as the most distinct characteristic of Asian EMEs. Financial globalization seems to have made asset prices and …. One big dollar-zone economy that has been increasing its presence in Asia is China. However, China has been recently …
Persistent link: https://www.econbiz.de/10012991684
financial world is not flat because poor governance prevents firms from being widely held and from taking full advantage of … financial globalization. Poor governance has implications for corporate finance as well as for macroeconomics. I show that poor … governance in Eastern Europe is accompanied, as expected, by high corporate ownership concentration, low firm valuation, poor …
Persistent link: https://www.econbiz.de/10013218982
We quantify the macroeconomic effects of COVID-19 for emerging markets using a SIR-multisector-small open economy model and calibrating it to Turkey. Domestic infection rates feed into both sectoral supply and sectoral demand shocks. Sectoral demand shocks also incorporate lower external demand...
Persistent link: https://www.econbiz.de/10012833730
We investigate the relationship between economic growth and lagged international capital flows, disaggregated into FDI, portfolio investment, equity investment, and short-term debt. We follow about 100 countries during 1990-2010 when emerging markets became more integrated into the international...
Persistent link: https://www.econbiz.de/10013119605
line with earlier studies, global factors, such as commodity prices, international interest rates, and growth in the world …
Persistent link: https://www.econbiz.de/10012758404
the U.S. would experience a sudden stop of capital flows, which would unavoidably drag the world economy into a deep … instead that the root imbalance was of a different kind: The entire world had an insatiable demand for safe debt instruments … of exposing the economy to a systemic panic. This structural problem can be alleviated if governments around the world …
Persistent link: https://www.econbiz.de/10013149302
Persistent link: https://www.econbiz.de/10014439930
Two observations suggest that financial globalization played an important role in the recent financial crisis. First …
Persistent link: https://www.econbiz.de/10013150545
Globalization has made it possible for labor in developing countries to augment labor in the developed world, without … world's effective labor supply, triggered by geo-political events and technological innovations, coupled with the inability …
Persistent link: https://www.econbiz.de/10013150645