Showing 1 - 10 of 299
This paper presents the first assessment domestic market integration in Brazil using the law of one price. The law of … for other countries, price convergence occurs very slowly in Brazil, suggesting relatively limited domestic market … one price is tested using two panel unit root methodologies and a unique data set comprising price indices for 51 products …
Persistent link: https://www.econbiz.de/10013011194
We assess the degree of cross-market price discrepancy (a proxy for market integration), its evolution over time, and … proximate determinants, using monthly price data for 21 agricultural goods and 60 markets in India. Econometric analysis shows … that cross-market price integration is positively associated with the level of transportation infrastructure, and distance …
Persistent link: https://www.econbiz.de/10012827586
This paper investigates the impact of infectious diseases on the evolution of sovereign credit default swap (CDS) spreads for a panel of 77 advanced and developing countries. Using annual data over the 2004-2020 period, we find that infectious-disease outbreaks have no discernible effect on CDS...
Persistent link: https://www.econbiz.de/10013250064
efficiency, and hindering domestic integration and export performance. This paper assesses the state of Brazil's infrastructure …, in light of past investment trends and various quality and quantity indicators. Brazil's infrastructure stock and its … infrastructure affects domestic integration by analyzing price convergence of tradable goods across major cities. The government …
Persistent link: https://www.econbiz.de/10013015602
While Brazil's deep recession has been broad based, it has been marked by a particularlylarge fall in investment. Real … factors contributed tothe investment decline, including a deterioration in Brazil's medium-term growthprospects, rising real …
Persistent link: https://www.econbiz.de/10012928618
eligibility rule of the Bolsa Familia program in Brazil, one of the oldest and largest conditional cash transfers in the world, to …
Persistent link: https://www.econbiz.de/10012828218
Holding foreign assets reduces the volatility of a country's income by allowing countries to share risk. Yet, financial integration is limited in Asia. This paper estimates how much Australia and other countries in the Asia-Pacific region would gain from greater financial integration. The...
Persistent link: https://www.econbiz.de/10012777956
This paper documents the evolution of international financial integration since the global financial crisis using an updated dataset on external assets and liabilities, covering over 210 economies for the period 1970-2015. It finds that the growth in cross-border positions in relation to world...
Persistent link: https://www.econbiz.de/10012955176
The timing is ripe to pursue greater regional financial integration in Latin America given the withdrawal of some global banks from the region and the weakening of growth prospects. Important initiatives are ongoing to foster financial integration. Failure to capitalize on this would represent a...
Persistent link: https://www.econbiz.de/10012962157
We examine the relationship between house price synchronicity and global financial conditions across 40 countries and … is examined as well. Looser global financial conditions are associated with greater house price synchronicity, even after … their respective countries, perhaps due to the influence of global investors on local house price dynamics. Policy choices …
Persistent link: https://www.econbiz.de/10012895127