Showing 1 - 10 of 453
This paper explores the concept of global liquidity, its measurement and macro-financial importance. We construct two sets of indicators for global liquidity: a quantity series distinguishing between core and noncore liabilities of financial intermediatires and a corresponding price series....
Persistent link: https://www.econbiz.de/10013098562
declined over the same period. In short, the recent era of globalization has witnessed the emergence of regional business …
Persistent link: https://www.econbiz.de/10013086323
Cooperation Council (GCC) countries and MENA oil exporters to the rest of the world. This analysis is based on a Global Vector …
Persistent link: https://www.econbiz.de/10013088734
The paper explores how international integration through global value chains shapes the working of exchange rates to induce external adjustment both in the short and medium run. The analysis indicates that greater integration into international value chains reduces the exchange rate elasticity...
Persistent link: https://www.econbiz.de/10012843296
Macro statistics on foreign direct investment (FDI) are blurred by offshore centers withenormous inward and outward investment positions. This paper uses several new datasources, both macro and micro, to estimate the global FDI network while disentangling realinvestment and phantom investment...
Persistent link: https://www.econbiz.de/10012843512
This paper discusses the implications for tax systems of globalization of capital markets and of economies. It shows … the extent to which particular taxes are affected by the globalization process. It speculates on future developments in …
Persistent link: https://www.econbiz.de/10012781971
alia, a useful analytical framework to explore the effects of: a change in world GDP growth; a change in the efficiency of …
Persistent link: https://www.econbiz.de/10012960587
remarkably low and stable. Was this related to a global disinflation environment triggered by China's integration into world … trade and the broader globalization inthese economies, or to better domestic policies? In this paper, we review the …
Persistent link: https://www.econbiz.de/10012906877
All common real effective exchange rate indexes assume trade is only in final goods, despite the growing presence of global supply chains. Extending effective exchange rate indexes to include such intermediate goods can imply radically different effective exchange rate weights, depending on the...
Persistent link: https://www.econbiz.de/10012906887
This paper analyses the nature of the increasing regionalization process in global banking. Despite the large decline in aggregate cross-border banking lending volumes, some parts of the global banking network are currently more interlinked regionally than before the Global Financial Crisis....
Persistent link: https://www.econbiz.de/10012907942