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This paper explores the impact of financial liberalization on the migration of high skilled labor from 46 countries to the OECD, taken at five year intervals over the period 1985-2000. Using an exploratory factor analysis, we are able to distinguish between two dimensions of financial...
Persistent link: https://www.econbiz.de/10009380417
as they attempt to reform their frameworks for financial regulation. These economies are striving to balance the quest … objectives can in fact reinforce one another. I also discuss aspects of macroeconomic policies and cross-border regulation that … regulation ; financial development ; emerging markets ; financial inclusion …
Persistent link: https://www.econbiz.de/10009153059
Distributional consequences typically receive limited attention in economic models that analyze the effects of monetary and financial sector policies. These consequences deserve more attention since financial markets are incomplete, imperfect, and economic agents' access to them is often...
Persistent link: https://www.econbiz.de/10010222156
The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....
Persistent link: https://www.econbiz.de/10003831857
performance across 91 countries. The increased availability of external finance has boosted trade of industries that intensively …
Persistent link: https://www.econbiz.de/10009765529
reform impact remittances differently. Increased economic freedom in the financial sector, captured by absence of direct … effect. The net combined impact of these effects suggests that the long-run effect of an across-the-board reform on …
Persistent link: https://www.econbiz.de/10009771737
We review the large literature on various economic policies that could help developing economies effectively manage the process of financial globalization. Our central findings indicate that policies promoting financial sector development, institutional quality and trade openness appear to help...
Persistent link: https://www.econbiz.de/10003816538
Financial crisis can trigger policy reversals, i.e. they can lead to a process of re- regulation of financial markets …
Persistent link: https://www.econbiz.de/10012022690
induces empirically observed declines in fertility rates throughout the world. …
Persistent link: https://www.econbiz.de/10011925357
has shifted from accumulation of foreign exchange reserves by the central bank to nonofficial outflows. Unlocking the …
Persistent link: https://www.econbiz.de/10012178659