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Rising Income Inequality : Technology, or Trade and Financial Globalization?
Papageorgiou, Chris - 2008
We examine the relationship between trade and financial globalization and the rise in inequality in most countries in … recent decades. We find technological progress as having a greater impact than globalization on inequality. The limited … overall impact of globalization reflects two offsetting tendencies: whereas trade globalization is associated with a reduction …
Persistent link: https://www.econbiz.de/10014409050
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Does Openness to International Financial Flows Raise Productivity Growth?
Prasad, Eswar - 2008
This paper provides a comprehensive analysis of the relationship between financial openness and total factor productivity (TFP) growth using an extensive dataset that includes various measures of productivity and financial openness for a large sample of countries. We find that de jure capital...
Persistent link: https://www.econbiz.de/10012677369
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Financial Globalization : A Reappraisal
Rogoff, Kenneth - 2006
OPENNESS -- IV. PATTERNS OF FINANCIAL GLOBALIZATION -- V. MACROECONOMIC EVIDENCE ON EFFECTS OF FINANCIAL GLOBALIZATION -- VI … GLOBALIZATION -- IX. THRESHOLD EFFECTS IN OUTCOMES OF FINANCIAL GLOBALIZATION -- X. CONCLUDING REMARKS -- APPENDIXES -- References. …
Persistent link: https://www.econbiz.de/10012690991
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Long Live Globalization: Geopolitical Shocks and International Trade
Cevik, Serhan - 2023
Are we really witnessing the death of globalization? A multitude of shocks over the past three years has unsettled the …
Persistent link: https://www.econbiz.de/10015058985
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Monetization in low- and middle-income countries
McLoughlin, Cameron; Kinoshita, Noriaki - 2012
The degree of an economy's monetization, which has an important implication on economic growth, can be affected by the conduct of monetary policy, financial sector reform, and episodes of financial crises. The paper finds that monetization--measured by the ratio of broad money to nominal GDP--...
Persistent link: https://www.econbiz.de/10009618525
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A New Database of Financial Reforms
Detragiache, Enrica - 2008
Large inflows from the European Union to the New Member States are likely to significantlyimpact macroeconomic outcomes. In this paper, we use the IMF's Global Integrated Monetaryand Fiscal model (GIMF) to analyze the impact of the transfers and show the conditionsunder which they would help...
Persistent link: https://www.econbiz.de/10012677691
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Do Financial Sector Reforms Lead to Financial Development? Evidence from a New Dataset
Tressel, Thierry - 2008
This paper studies whether the policies that, over the past decades, liberalized bankingsystems around the world have …
Persistent link: https://www.econbiz.de/10012677692
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The Internationalization of China's Equity Markets
Cortina, Juan - 2023
China's equity markets internationalization process started in the early 2000s but accelerated after 2012, when Chinese firms' shares listed in Shanghai and Shenzhen gradually became available to international investors. This paper studies the effects of the post-2012 internationalization events...
Persistent link: https://www.econbiz.de/10015059718
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Trade Openness and Volatility
Levchenko, Andrei A. - 2008
This paper examines the mechanisms through which output volatility is related to trade openness using an industry-level panel dataset of manufacturing production and trade. The main results are threefold. First, sectors more open to international trade are more volatile. Second, trade is...
Persistent link: https://www.econbiz.de/10012677612
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Being a Foreigner Among Domestic Banks
Horen, Neeltje van - 2009
Studying a large number of banks in various countries between 1999 and 2006, we document that foreign banks perform better when from a high income country, when host country competition is limited, and when they are large and rely more on deposits for funding. Foreign banks' performance improves...
Persistent link: https://www.econbiz.de/10012677516