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Is Globalization Today Really Different than Globalization a Hunderd Years Ago?

Bordo, Michael D. - 1999

for the United States but also with reference to the wider world. We establish the outlines of international integration a … century ago and analyze the institutional and informational impediments that prevented the late nineteenth century world from … achieving the same degree of integration as today. We conclude that the world today is different: commercial and financial …

Persistent link: https://www.econbiz.de/10012471593

International Financial Integration and Crisis Contagion

Devereux, Michael B. - 2014

International financial integration helps to diversify risk but also may increase the trans- mission of crises across countries. We provide a quantitative analysis of this trade-off in a two-country general equilibrium model with endogenous portfolio choice and collateral con- straints....

Persistent link: https://www.econbiz.de/10012458139

Nominal Stability and Financial Globalization

Devereux, Michael B. - 2012

gross external portfolio positions. This phenomenon has been described as Financial Globalization. Over roughly the same … have conjectured that financial globalization contributed to the improved performance in the level and predictability of …

Persistent link: https://www.econbiz.de/10012460862

How Firms Use Domestic and International Corporate Bond Markets

Gozzi, Juan Carlos - 2012

This paper provides the first comprehensive documentation of the main features of corporate bond issues in domestic and international markets and analyzes how firms use these markets after they internationalize. We find that debt issues in domestic and international bond markets have different...

Persistent link: https://www.econbiz.de/10012460896

Crises Now and Then : What Lessons from the Last Era of Financial Globalization

Eichengreen, Barry - 2002

We consider the operation of international capital markets in two periods of globalization, before 1914 and after 1971 … international monetary framework was responsible for the relatively short-lived and mild nature of pre-World War I financial crises …

Persistent link: https://www.econbiz.de/10012469999

Exchange Rates and External Adjustment : Does Financial Globalization Matter?

Lane, Philip R. - 2014

This paper addresses the implications of financial globalization for exchange rate behavior. We highlight two …

Persistent link: https://www.econbiz.de/10012709670

International capital flows, returns and world financial integration

Evans, Martin D. D.; Hnatkovska, Viktoria - In: Journal of international economics 92 (2014) 1, pp. 14-33

Persistent link: https://www.econbiz.de/10010438457

Globalisation, Pass-through and the Optimal Policy Response to Exchange Rates

Devereux, Michael B. - 2014

In this paper we examine how monetary policy should respond to nominal exchange rates in a New Keynesian open economy model that allows for a non-trivial role for sterilised intervention. The paper develops the argument against the backdrop of the evolving policy-making environment of Asian...

Persistent link: https://www.econbiz.de/10012458414

The Swedish External Position and the Krona

Lane, Philip R. - 2008

Swedish position in the world income distribution …

Persistent link: https://www.econbiz.de/10012726755

The external wealth of nations mark II : revisited and extended estimates of foreign assets and liabilities, 1970 - 2004

Lane, Philip R.; Milesi-Ferretti, Gina Maria - In: Journal of international economics 73 (2007) 2, pp. 223-250

Persistent link: https://www.econbiz.de/10003586316