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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
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
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
How effective are capital account restrictions? We provide new answers based on a novel panel data set of capital controls, disaggregated by asset class and by inflows/outflows, covering 74 countries during 1995-2005. We find the estimated effects of capital controls to vary markedly across the...
Persistent link: https://www.econbiz.de/10012677882
This paper surveys policy responses in recent years to capital inflows in a diverse group of countries that are represented by the Netherlands at the IMF Executive Board. Based on the findings from cross-country empirical literature, the paper distills some guiding principles for policy...
Persistent link: https://www.econbiz.de/10014409078
The Global Credit Crisis of 2008-09 has underscored the urgency of reforming the international financial architecture … international financial architecture that might be implemented over the next ten years. It proposes routinizing the expansion of IMF … quotas and the conduct of exchange rate surveillance. It contemplates an expanded role for the SDR in international …
Persistent link: https://www.econbiz.de/10012677780
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
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
This paper assesses the effects of capital controls imposed in Colombia in 2007 on capital flows and exchange rate dynamics. The results suggest that the controls were successful in reducing external borrowing, but had no statistically significant impact on the volume of non- FDI flows as a...
Persistent link: https://www.econbiz.de/10012677725