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This study explores the effects of globalization on gender inequality. Specifically, we depict that, in terms of … 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 …
Persistent link: https://www.econbiz.de/10011925357
In theory, one of the main benefits of financial globalization is that it should allow for more efficient international … different groups of countries and examine how international financial integration has affected the evolution of risk sharing … patterns. Using a variety of empirical techniques, we conclude that there is at best a modest degree of international risk …
Persistent link: https://www.econbiz.de/10003586563
This paper develops an adaptive learning model under uncertainty that examines evolution of capital account polices over time and across developing regions. In the framework, countries' past experiences and IMF programs influence policymakers' beliefs about the impact of capital account...
Persistent link: https://www.econbiz.de/10010469677
-tech sectors in their international portfolio allocations but overinvest in high-tech stocks in developed countries. To further …
Persistent link: https://www.econbiz.de/10012178659
financial globalization. India's authorities have taken a cautious and calibrated path to capital account opening, which has …, making the debate about capital controls rather moot. Managing de facto financial integration into international capital … the key challenge now facing India's policymakers on this front. -- India ; international financial integration ; capital …
Persistent link: https://www.econbiz.de/10003794018
This paper reviews a growing literature on migration and globalization, focusing on its relevance for developing and …
Persistent link: https://www.econbiz.de/10011518125
I examine how globalization affects wages and welfare in a general equilibrium model of international trade with partly … contributions to the latter's decisions. Both a shift from national to international regulation and a decrease in trade costs … oligopolistic markets. Globalization is modeled as reducing trade costs or opening up shielded sectors to trade. There is a national …
Persistent link: https://www.econbiz.de/10011347148
-enhancing potential. -- migration ; international trade ; capital movements ; capital formation ; globalization …In this paper, we provide an overview of the relationship between international migration and international trade as … channels, on internal income distribution, international income convergence and on whether migration and trade are substitutes …
Persistent link: https://www.econbiz.de/10009663906
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/10012178610
process of financial globalization. Our central findings indicate that policies promoting financial sector development …, institutional quality and trade openness appear to help developing countries derive the benefits of globalization. Similarly, sound … unavoidable tensions inherent in evaluating the risks and benefits associated with financial globalization. In light of these …
Persistent link: https://www.econbiz.de/10003816538