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Financial Integration and Risk-Adjusted Growth Opportunities
Ivaschenko, Iryna V. - 2008
This paper documents the evolution of measures of financial integration for major advanced and emerging markets economies, assesses whether advances in integration have had a significant positive impact on countries' risk-adjusted growth opportunities, and identifies some of the channels through...
Persistent link: https://www.econbiz.de/10012677595
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Is There a Novelty Premium on New Financial Instruments? The Argentine Experience with GDP-Indexed Warrants
Ricci, Luca Antonio - 2008
This paper examines the Argentine experience with GDP-indexed warrants in order to gauge the existence of a novelty premium on new financial instruments. It develops a Monte Carlo pricing exercise to calculate the expected net present value of payments, on the basis of various forecast...
Persistent link: https://www.econbiz.de/10012677569
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Common Factors in Latin America's Business Cycles.
Aiolfi, Marco - 2006
Persistent link: https://www.econbiz.de/10012691015
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Primary Surplus Behavior and Risks to Fiscal Sustainability in Emerging Market Countries : A "Fan-Chart" Approach
Debrun, Xavier - 2006
Intro -- Contents -- I. INTRODUCTION -- II. DEBT SUSTAINABILITY ANALYSIS AND RISK -- III. DEBT DYNAMICS AND THE CONDUCT OF FISCAL POLICY -- IV. RISKS TO DEBT SUSTAINABILITY IN FIVE EMERGING MARKET ECONOMIES -- V. CONCLUSION -- Appendix -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691046
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Banks During the Argentine Crisis : Were They All Hurt Equally? Did They All Behave Equally?
Basco, Emiliano - 2006
Intro -- Contents -- I. INTRODUCTION -- II. OVERVIEW OF THE ARGENTINE BANKS IN THE RUN-UP TO THE CRISIS -- III. DESCRIPTIVE LOOK AT ARGENTINE BANKS IN THE 1995-2001 PERIOD -- IV. ECONOMETRIC ANALYSIS -- V. CONCLUSIONS -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691135
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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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Globalization Drives Strategic Product Switching
Moreno Badia, Marialuz - 2008
explicitly the role of export opportunities. Our results indicate that globalization does not affect firm exit significantly but …
Persistent link: https://www.econbiz.de/10012677370
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Global Business Cycles
Kose, M. Ayhan - 2008
This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups-industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose...
Persistent link: https://www.econbiz.de/10012677570
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Global Aging and Declining World Interest Rates
Hoffmaister, Alexander W. - 2008
How will the world-wide decline in real interest rates associated with global aging affect small open economies (SOEs) with aging populations? Lower interest rates will result in higher capital-labor ratios and increased wages; higher wages, in turn, will be passed on to pension benefits,...
Persistent link: https://www.econbiz.de/10012677583
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Challenges to Monetary Policy from Financial Globalization
Prasad, A. - 2008
The question of how India should adapt monetary policy to ongoing financial globalization has gained prominence with … countries that have adapted to financial globalization, drawing lessons for India. While we find no strong relationship b …
Persistent link: https://www.econbiz.de/10012677602