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Intro -- Contents -- EXECUTIVE SUMMARY -- I. INTRODUCTION -- II. A BRIEF OVERVIEW OF THEORY -- III. MEASURING FINANCIAL OPENNESS -- IV. PATTERNS OF FINANCIAL GLOBALIZATION -- V. MACROECONOMIC EVIDENCE ON EFFECTS OF FINANCIAL GLOBALIZATION -- VI. HOW DOES THE COMPOSITION OF CAPITAL FLOWS MATTER?...
Persistent link: https://www.econbiz.de/10012690991
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 assets), those from emerging markets and developing countries expanded abroad …
Persistent link: https://www.econbiz.de/10012690528
financial sector stability) to the fast rise of securitization and the way it has arguably complicated both the conduct of … innovation, specifically through securitization, has altered the nature of some macro-financial linkages, often with considerable … policy implications. We find that securitization activity in the United States (mature market) and South Afr …
Persistent link: https://www.econbiz.de/10012677712
Intro -- Contents -- I. INTRODUCTION -- II. BEHAVIOR OF DIFFERENT TYPES OF FINANCIAL FLOWS -- III. BEHAVIOR DURING SUDDEN STOPS IN FINANCIAL FLOWS -- IV. CONCLUSIONS AND POSSIBLE EXTENSIONS -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691174
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
Persistent link: https://www.econbiz.de/10012690986
resolution of global imbalances. Current account dynamics are estimated for oil-exporting countries and the rest of the world. We …
Persistent link: https://www.econbiz.de/10012677770
The question of how India should adapt monetary policy to ongoing financial globalization has gained prominence with the recent surge in capital inflows. This paper documents the degree to which India has become financially globalized, both in absolute terms and relative to emerging and...
Persistent link: https://www.econbiz.de/10012677602
Intro -- Contents -- I. INTRODUCTION -- II. SUDDEN STOPS AND MULTILATERAL INSURANCE -- III. CAPITAL FLOWS AND SUDDEN STOPS -- IV. IMF-SUPPORTED PROGRAMS -- V. MULTIVARIATE ANALYSIS -- VI. IMF-SUPPORTED PROGRAMS AND SUDDEN STOPS -- VII. EXTENSIONS -- VIII. CONCLUSIONS AND IMPLICATIONS -- Appendix...
Persistent link: https://www.econbiz.de/10012691059
results based on a dynamic general equilibrium model of the world economy, and using the EU KLEMS database, indicate that TFP …
Persistent link: https://www.econbiz.de/10012677719