Showing 1 - 10 of 124
wisdom that globalization has increased the degree of synchronization of business cycles. The evidence that trade and …
Persistent link: https://www.econbiz.de/10014404021
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
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
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
The paper evaluates how increases in banks’ and nonfinancial corporates’ default risk are transmitted in the global economy, using in a vector autoregression model for 30 advanced and emerging economies for the period from January 1996 to December 2008. The results point to two-way causality...
Persistent link: https://www.econbiz.de/10014402720
. This paper argues that globalization will affect governments’ ability to continue providing this social protection at the …
Persistent link: https://www.econbiz.de/10014399941
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
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
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