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How Does Financial Globalization Affect Risk Sharing? : Patterns and Channels

Terrones, Marco - 2007

In theory, one of the main benefits of financial globalization is that it should allow for more efficient international … outcomes during the recent period of globalization. Developing countries have, by and large, been shut out of this benefit. The … why emerging markets have not been able to realize this presumed benefit of financial globalization. In particular, our …

Persistent link: https://www.econbiz.de/10014400319

How Does Globalization Affect the Synchronization of Business Cycles?

Kose, M. Ayhan - 2003

wisdom that globalization has increased the degree of synchronization of business cycles. The evidence that trade and …

Persistent link: https://www.econbiz.de/10014404021

Keeping capital flowing: the role of the IMF

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

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

Keeping Capital Flowing : The Role of the IMF

Bordo, Michael D. - 2004

In this paper, we examine the IMF''s role in maintaining the access of emerging market economies to international capital markets. We find evidence that both macroeconomic aggregates and capital flows improve following the adoption of an IMF-supported program, although they may initially...

Persistent link: https://www.econbiz.de/10014404030

Financial liberalization and financial fragility

Demirgüç-Kunt, Asli; Detragiache, Enrica - 1998

Persistent link: https://www.econbiz.de/10000991784

Income inequality and health : evidence from developed and developing countries

Herzer, Dierk; Nunnenkamp, Peter - 2014

We assess the effect of income inequality on life expectancy by performing separate estimations for developed and developing countries. Our empirical analysis challenges the widely held view that inequality matters more for health in richer countries than for health in poorer countries....

Persistent link: https://www.econbiz.de/10010344097

Basel Core Principles and bank risk : does compliance matter?

Demirgüç-Kunt, Asli; Detragiache, Enrica - 2010

Persistent link: https://www.econbiz.de/10003972711

Cross-country empirical studies of systemic bank distress : a survey

Demirgüç-Kunt, Asli; Detragiache, Enrica - 2005

Persistent link: https://www.econbiz.de/10003090839

Financial Liberalization and Financial Fragility

Detragiache, Enrica - 1998

A study of 53 countries during 1980-95 finds that financial liberalization increases the probability of a banking crisis, but less so where the institutional environment is strong. In particular, respect for the rule of law, a low level of corruption, and good contract enforcement are relevant...

Persistent link: https://www.econbiz.de/10014400719

Cross-Country Empirical Studies of Systemic Bank Distress: A Survey

Demirgüç-Kunt, Asli - 2005

A rapidly growing empirical literature is studying the causes and consequences of bank fragility in present-day economies. The paper reviews the two basic methodologies adopted in cross-country empirical studies-the signals approach and the multivariate probability model-and their application to...

Persistent link: https://www.econbiz.de/10014400924