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We study the evolution of trade globalization in a set of countries in Latin America (mostly the largest ones) and Asia … over the past 25 years. Relying on structural gravity models, we first estimate a proxy of trade globalization that … globalization since the mid-1990s has been similar between the two regions, but very heterogeneous within them. Trade globalization …
Persistent link: https://www.econbiz.de/10015058865
. SOURCES OF BUSINESS CYCLE FLUCTUATIONS: 1960-2005 -- V. GLOBALIZATION AND THE EVOLUTION OF INTERNATIONAL BUSINESS CYCLES -- VI …
Persistent link: https://www.econbiz.de/10012682176
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/10012690169
Although cross-border bank lending has fallen sharply since the crisis, extending our bank ownershipdatabase from 1995-2009 up to 2013 shows only limited retrenchment in foreign bank presence. Whilebanks from OECD countries reduced their foreign presence (but still represent 89% of foreign bank...
Persistent link: https://www.econbiz.de/10012690528
Persistent link: https://www.econbiz.de/10012690986
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
Though theory suggests financial globalization should improve international risk sharing, empirical support has been …. We then take it to data and find international risk sharing has, indeed, improved during globalization. Improved risk …
Persistent link: https://www.econbiz.de/10012677878
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
How will the world-wide decline in real interest rates associated with global aging affect small open economies (SOEs …
Persistent link: https://www.econbiz.de/10012677583
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