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A Global Perspectiveon External Positions

Milesi-Ferretti, Gian-Maria - 2005

the weight of U.S. liabilities in the rest of the world''s stock of external assets. Finally, it relates the empirical …

Persistent link: https://www.econbiz.de/10014404202

Bilateral Financial Linkages and Global Imbalances : A Viewon the Eve of the Financial Crisis

Milesi-Ferretti, Gian-Maria - 2010

We present a novel and comprehensive dataset of bilateral gross and net external positions in various financial instruments for the main advanced and emerging economies and regions, designed to improve our understanding of cross-border financial linkages. The data show no strong correspondence...

Persistent link: https://www.econbiz.de/10014402655

Financial Globalization and Exchange Rates

Milesi-Ferretti, Gian-Maria - 2005

a world economy that was characterized by widespread restrictions on international capital mobility. In contrast, the … rapid pace of financial globalization during recent years poses new challenges for the international monetary system. In … explores some of the interconnections between financial globalization and exchange rate adjustment and discusses the policy …

Persistent link: https://www.econbiz.de/10014400701

The slowdown in global trade : a symptom of a weak recovery

Aslam, Aqib; Boz, Emine; Cerutti, Eugenio M.; … - 2017

Global trade growth has slowed since 2012 relative both to its strong historical performance and to overall economic growth. This paper aims to quantify the role of weak economic growth and changes in its decomposition in accounting for the slowdown in trade using a reduced form and a structural...

Persistent link: https://www.econbiz.de/10011763603

China's bond market and global financial markets

Cerutti, Eugenio M.; Obstfeld, Maurice - 2018

A cross-country comparative analysis shows that there is substantial room for further integration of China into global financial markets, especially in the case of the international bond market. A further successful liberalization of the Chinese bond market would encompass not only loosening...

Persistent link: https://www.econbiz.de/10011978420

Keeping capital flowing: the role of the IMF

Bordo, Michael D.; Mody, Ashoka; Oomes, Nienke - 2004

Persistent link: https://www.econbiz.de/10002506220

Bankers without borders? : implications of ring-fencing for European cross-border banks

Cerutti, Eugenio M.; Ilyina, Anna; Makarova, Yulia; … - 2010

Persistent link: https://www.econbiz.de/10009406520

International Investment Patterns

Lane, Philip R. - 2004

The paper provides a systematic analysis of bilateral, source and host factors driving portfolio equity investment across countries, using newly-released data on international equity holdings at the end of 2001. It develops a model that links bilateral equity holdings to bilateral trade in goods...

Persistent link: https://www.econbiz.de/10014400933

The Cross-Country Incidence of the Global Crisis

Milesi-Ferretti, Gian-Maria - 2010

We examine whether the cross-country incidence and severity of the 2008-2009 global recession is systematically related to pre-crisis macroeconomic and financial factors. We find that the pre-crisis level of development, increases in the ratio of private credit to GDP, current account deficits,...

Persistent link: https://www.econbiz.de/10014402672

International Financial Integration

Lane, Philip R. - 2003

In recent decades, the foreign assets and liabilities of advanced economies have grown rapidly relative to GDP, with the increase in gross cross-holdings far exceeding changes in the size of net positions. Moreover, the portfolio equity and FDI categories have grown in importance relative to...

Persistent link: https://www.econbiz.de/10014403839