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Macro-Hedging for Commodity Exporters
Borensztein, Eduardo - 2009
This paper uses a dynamic optimization model to estimate the welfare gains of hedging against commodity price risk for commodity-exporting countries. The introduction of hedging instruments such as futures and options enhances domestic welfare through two channels. First, by reducing export...
Persistent link: https://www.econbiz.de/10012677894
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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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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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Economic Transformation, Population Growth, and the Long-Run World Income Distribution.
Chamon, Marcos - 2006
Persistent link: https://www.econbiz.de/10012691055
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Decoupling from the East Toward the West? Analyses of Spillovers to the Baltic Countries
Fund, International Monetary - 2009
This paper uses VAR models to examine the magnitude and sources of growth spillovers to the Baltics from key trading partners, as well asfrom the real effective exchange rate (REER). Our results show there are significant cross-country spillovers to the Baltics with those from the EU outweighing...
Persistent link: https://www.econbiz.de/10012677789
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Do Trading Partners Still Matter for Nigeria's Growth? A Contribution to the Debate on Decoupling and Spillovers
Obiora, Kingsley I. - 2009
Should policymakers still be concerned about economic growth in trading partners? Have developing and emerging market countries decoupled from the US enough to grow despite significant recession in the US? Using VAR models, this paper addresses these questions for Nigeria in the context of the...
Persistent link: https://www.econbiz.de/10012677490
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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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How Do Trade and Financial Integration Affect the Relationship Between Growth and Volatility?
Prasad, Eswar; Terrones, Marco; Kose, M. Ayhan - International Monetary Fund (IMF) - 2005
context of globalization-a term typically used to describe the phenomenon of growing international trade and financial …
Persistent link: https://www.econbiz.de/10005825974
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Changing Nature of North-South Linkages; Stylized Facts and Explanations
Akin, Çigdem; Kose, M. Ayhan - International Monetary Fund (IMF) - 2007
countries, the South, driven by the process of globalization?the phenomenon of rising international trade and financial flows … economic activity on the Emerging South has declined during the globalization period (1986-2005). In contrast, the growth …
Persistent link: https://www.econbiz.de/10005769105
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The Elusive Gains From International Financial Integration
Gourinchas, Pierre-Olivier; Jeanne, Olivier - International Monetary Fund (IMF) - 2004
Standard theoretical arguments tell us that countries with relatively little capital benefit from financial integration as foreign capital flows in and speeds up the process of income convergence. We show in a calibrated neoclassical model that conventionally measured welfare gains from this...
Persistent link: https://www.econbiz.de/10005605034