current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these …

existing jobs. We argue that with well-developed capital markets, firms will have an incentive to rely more on liquidity, and … in normal times deep capital markets lead to tight labor markets. After an adverse liquidity shock, firms that rely much …

dependent on foreign finance and more resilient to capital flow volatility. The main risk that increasing financial openness … poses for these economies is that capital flows exacerbate vulnerabilities arising from weak domestic policies and …

; capital account liberalization ; growth ; threshold conditions ; financial development ; institutions ; macroeconomic policies …

increases in cross-border capital flows, have seen little change in their ability to share risk. We find that the composition of …

models predict. Our model ascribes the "bias" to endogenous information acquisition bolstered by investors' human capital. We … develop discriminating hypotheses about the influence of "specific" and "general" human capital endowments and direct and … understanding the global financial crisis of 2007-09. -- private information ; human capital ; home bias ; financial markets ; risky …

. -- Financial globalization ; emerging markets ; capital flows ; capital account liberalization …

This paper examines the impact of capital market integration (CMI) on higher education and economic growth. We take … increases (decreases) the incentives to participate in higher education in capital-importing (-exporting) economies, all other …. Using foreign direct investment (FDI) as a measure for capital flows, we present empirical evidence which largely confirms …

capital market integration, globalization alters the gender gap in wage rates through changes in labor demand for capital …-intensive sectors. Consequently, globalization leads to opposite effects on the couple's labor supply and fertility decisions in capital …-importing and capital-exporting countries, via changes in the bargaining positions of men and women. Moreover, by considering the …