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How Does Globalization Affect the Synchronization of Business Cycles?
Kose, M. Ayhan - 2003
wisdom that globalization has increased the degree of synchronization of business cycles. The evidence that trade and …
Persistent link: https://www.econbiz.de/10014404021
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Global Business Cycles : Convergence or Decoupling?
Kose, M. Ayhan - 2008
globalization (1985-2005), there has been some convergence of business cycle fluctuations among the group of industrial economies …
Persistent link: https://www.econbiz.de/10014401282
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Debt build-up in frontier Low-Income Developing Countries (LIDCs) since 2012 : global or country-specific factors and way forward?
De Soyres, Constance; Rogantini Picco, Anna; Sab, Randa - 2019
This paper focuses on the debt build-up that frontier low-income developing countries (LIDCs) have faced since 2012. First, it documents a 20-percentage point increase in the external and government debt-to-GDP ratios, a composition shift toward higher non-concessional debt, and a rise in...
Persistent link: https://www.econbiz.de/10012009382
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Does Financial Globalization Induce Better Macroeconomic Policies?
Wei, Shang-Jin - 2004
Monetary and fiscal policies around the world are in better shape today than two decades ago. This paper studies … whether financial globalization has helped induce governments to pursue better macroeconomic policies (the ""discipline effect … robust causal evidence. There is some evidence that financial globalization may have induced countries to pursue low …
Persistent link: https://www.econbiz.de/10014400935
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Currency Crises in Developed and Emerging Market Economies : A Comparative Empirical Treatment
Fontaine, Thomson - 2005
This paper takes a step in empirically testing the implications of a number of theoretical models that attempt to highlight the dynamics behind currency crises. By focusing on countries with broadly disparate economic and political arrangements, the study attempts to determine the extent to...
Persistent link: https://www.econbiz.de/10014400634
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North-South RandD Spillovers
Helpman, Elhanan - 1994
We examine the extent to which developing countries that do little, if any, research and development themselves benefit from R&D that is performed in the industrial countries. By trading with an industrial country that has a large “stock of knowledge” from its cumulative R&D activities, a...
Persistent link: https://www.econbiz.de/10014398245
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Trade and inclusive growth
Bacchetta, Marc; Cerra, Valerie; Piermartini, Roberta; … - 2021
This paper surveys the literature on the relationship between international trade and inclusive growth. It examines claims that the rise in inequality in many countries can be attributed to the concurrent rise in trade competition, especially from EMEs like China, spurring trade tensions and...
Persistent link: https://www.econbiz.de/10012518909
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How Has the Globalization of Labor Affected the Labor Income Share in Advanced Countries?
Jaumotte, Florence - 2007
Labor markets around the world have become increasingly integrated over the last two decades, with the entry of China …, India and the former Eastern bloc into the world trading system, the removal of restrictions on trade and capital flows, and … globalization, technological progress, and labor market policies to the decline in the labor share. The results, obtained for 18 …
Persistent link: https://www.econbiz.de/10014401060
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Globalization and the Future of Social Protection
Tanzi, Vito - 2000
. This paper argues that globalization will affect governments’ ability to continue providing this social protection at the …
Persistent link: https://www.econbiz.de/10014399941
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On the Viability of Conditional Assistance Programs
Mayer, Wolfgang - 2005
Economic adjustment and reform programs, including those supported by international financial institutions (IFIs), must cope with informational asymmetries and special interest politics. This presents a particularly serious issue when IFIs make structural economic reforms a condition for...
Persistent link: https://www.econbiz.de/10014400737