Similar Search Results

Economic Integration, Business Cycle, and Productivity in North America

Kose, M. Ayhan - 2004

productivity in Canada. The North American Free Trade Agreement (NAFTA) and its predecessor, the Canada-U.S. Free Trade Agreement … productivity of Canadian industries, the persistence of structural differences between the two countries has prevented convergence … of aggregate labor productivity. While these findings seem to weigh against moving toward a monetary union, they also …

Persistent link: https://www.econbiz.de/10014400637

Does Openness to International Financial Flows Raise Productivity Growth?

Prasad, Eswar - 2008

productivity (TFP) growth using an extensive dataset that includes various measures of productivity and financial openness for a …

Persistent link: https://www.econbiz.de/10014401740

Capital account opening, international reserves, and development : evidence and some policy controversies

Aizenman, Joshua - In: NBER reporter online (2003/2004) 3, pp. 9-12

Persistent link: https://www.econbiz.de/10011366907

How Does Financial Globalization Affect Risk Sharing? : Patterns and Channels

Terrones, Marco - 2007

In theory, one of the main benefits of financial globalization is that it should allow for more efficient international risk sharing. This paper provides a comprehensive empirical evaluation of the patterns of risk sharing among different groups of countries and examines how international...

Persistent link: https://www.econbiz.de/10014400319

Financial Globalization : A Reappraisal

Kose, M. Ayhan - 2006

The literature on the benefits and costs of financial globalization for developing countries has exploded in recent years, but along many disparate channels and with a variety of apparently conflicting results. For instance, there is still little robust evidence of the growth benefits of broad...

Persistent link: https://www.econbiz.de/10014401981

Macroeconomic Adjustment with Segmented Labor Markets

Aizenman, Joshua - 1994

This paper analyzes the macroeconomic effects of fiscal and labor market policies in developing countries. The basic framework considers a small open economy with a large informal production sector and a heterogeneous work force. The labor market is segmented as a result of efficiency...

Persistent link: https://www.econbiz.de/10014396485

International Reserves : Precautionary vs. Mercantilist Views, Theory, and Evidence

Aizenman, Joshua - 2005

This paper compares the importance of precautionary and mercantilist motives in the hoarding of international reserves by developing countries. Overall, empirical results support precautionary motives; in particular, a more liberal capital account regime increases international reserves....

Persistent link: https://www.econbiz.de/10014402041

How Does Globalization Affect the Synchronization of Business Cycles?

Kose, M. Ayhan - 2003

This paper examines the impact of rising trade and financial integration on international business cycle comovement among a large group of industrial and developing countries. The results provide at best limited support for the conventional wisdom that globalization has increased the degree of...

Persistent link: https://www.econbiz.de/10014404021