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Trade Policy and Macroeconomic Balance in the World Economy

International Monetary Fund - 1988

The paper explores the relationship between trade policy and current accounts. The effect on the current account of a change in protection at home and then abroad is analyzed, assuming that the exchange rate floats. The “savings-and-investment approach” is used. It shows that there is no...

Persistent link: https://www.econbiz.de/10014396105

Trade linkages and international business cycle comovement : evidence from Korean industry data

Lee, Dongyeol - 2019

Through the 2000s, Korea's export and import linkages to advanced and emerging markets increased significantly. At the same time, the correlation of output growth between Korea and these economies rose. This paper investigates the nature of the link between trade linkages and the comovement of...

Persistent link: https://www.econbiz.de/10012022016

Integration of Eastern Europe Into the World Trading System

Junz, Helen B. - 1991

The sheer size of mandated trade among members of the Council for Mutual Economic Assistance (CMEA), and its composition and quality, means that its reorientation toward other markets entails a whole complex of structural adjustment policies. To be successful, policy reform must be...

Persistent link: https://www.econbiz.de/10014396289

The slowdown in global trade : a symptom of a weak recovery

Aslam, Aqib; Boz, Emine; Cerutti, Eugenio M.; … - 2017

Global trade growth has slowed since 2012 relative both to its strong historical performance and to overall economic growth. This paper aims to quantify the role of weak economic growth and changes in its decomposition in accounting for the slowdown in trade using a reduced form and a structural...

Persistent link: https://www.econbiz.de/10011763603

China's bond market and global financial markets

Cerutti, Eugenio M.; Obstfeld, Maurice - 2018

A cross-country comparative analysis shows that there is substantial room for further integration of China into global financial markets, especially in the case of the international bond market. A further successful liberalization of the Chinese bond market would encompass not only loosening...

Persistent link: https://www.econbiz.de/10011978420

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

Globalization and Firms' Financing Choices : Evidence From Emerging Economies

Schmukler, Sergio L. - 2001

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

The modern hyperinflation cycle : some new empirical regularities

Saboin-García, José Luis - 2018

Using a database of up to 62 variables for 196 countries over 57 years, a hyperinflation cycle has been characterized to propose a broader setting of stylized facts. Beyond the usual facts, the findings in this paper contribute to the literature of modern hyperinflations in that these cycles...

Persistent link: https://www.econbiz.de/10011978555

The Missing Globalization Puzzle

Bhavnani, Rikhil - 2002

trade might be called the ""missing globalization puzzle."" This puzzle is most apparent in the estimated distance … evidence of globalization, on both cross-section and panel data, reflected in a variety of measures of geography. Our …

Persistent link: https://www.econbiz.de/10014401460

The Impact of Foreign Interest Rateson the Economy : The Role of the Exchange Rate Regime

di Giovanni, Julian - 2006

This paper explores the connection between interest rates in major industrial countries and annual real output growth in other countries. The results show that high large-country interest rates have a contractionary effect on annual real GDP growth in the domestic economy, but that this effect...

Persistent link: https://www.econbiz.de/10014399990