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regulation. By contrast, the implications for other dimensions of globalization and for the structure of the international …
Persistent link: https://www.econbiz.de/10003927990
This paper studies the relation between firm''s financing choices and financial globalization. Using an East Asian and …
Persistent link: https://www.econbiz.de/10014403539
In recent years financial globalization and benign global market conditions have helped emerging markets in their …
Persistent link: https://www.econbiz.de/10014404213
Recent financial crises including the ongoing one caused by the COVID-19 pandemic have consistently drawn attention to the need to strengthen the quality of public debt management in emerging markets and developing countries. Deeper and more efficient domestic government debt markets-being, a...
Persistent link: https://www.econbiz.de/10012392641
In theory, one of the main benefits of financial globalization is that it should allow for more efficient international … outcomes during the recent period of globalization. Developing countries have, by and large, been shut out of this benefit. The … why emerging markets have not been able to realize this presumed benefit of financial globalization. In particular, our …
Persistent link: https://www.econbiz.de/10014400319
This paper analyzes the impact of the globalization of financial markets on developing and transition economies …
Persistent link: https://www.econbiz.de/10014403407
globalization raises wealth inequality in a financially-developed economy initially due to foreign capital pressing up domestic …
Persistent link: https://www.econbiz.de/10012796314
points during two waves of financial globalization (1870-1913 and the present time). The data are drawn from primary sources …
Persistent link: https://www.econbiz.de/10014402036
The degree of an economy's monetization, which has an important implication on economic growth, can be affected by the conduct of monetary policy, financial sector reform, and episodes of financial crises. The paper finds that monetization--measured by the ratio of broad money to nominal GDP--...
Persistent link: https://www.econbiz.de/10009618525
The aim of this paper is to evaluate the welfare gains from financial integration for developing and emerging market economies. To do so, we build a stochastic endogenous growth model for a small open economy that can (i) borrow from the rest of the world, (ii) invest in foreign assets, and...
Persistent link: https://www.econbiz.de/10014399779