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The Payments Systems Reforms and Monetary Policy in Emerging Market Economies in Central and Eastern Europe
International Monetary Fund - 1994
The paper discusses the interrelationships between payments system reform and monetary policy implementation in selected countries in Central and Eastern Europe. The reforms in the payments system are viewed as closely interrelated with the development of money and foreign exchange markets and...
Persistent link: https://www.econbiz.de/10014398716
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Financial and Enterprise Restructuring in Emerging Market Economies
Fries, Steven M. - 1994
This paper examines alternative approaches to building sound financial structures in emerging market economies. The foremost task is to resolve the bad loan problem and to recapitalize insolvent state banks. By restoring an incentive for banks to price accurately the risks of new lending, this...
Persistent link: https://www.econbiz.de/10014396324
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Safe asset demand, global capital flows and wealth concentration
Kim, Taehoon - 2021
globalization raises wealth inequality in a financially-developed economy initially due to foreign capital pressing up domestic …
Persistent link: https://www.econbiz.de/10012796314
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Emerging market securities access to global plumbing
Choi, Gongpil; Ortega, Federico; Kumar, Manmohan S. - 2021
What are the constraints that have stalled EMs efforts to reuse their securities in international financial centers? We discuss the economics of collateral re-use and the present institutional structure in Asian and Latin American countries. Our empirical investigation suggests pledgeability...
Persistent link: https://www.econbiz.de/10012604765
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Is inflation domestic or global? : evidence from emerging markets
Bems, Rudolf; Caselli, Francesca; Grigoli, Francesco; … - 2018
remarkably low and stable. Was this related to a global disinflation environment triggered by China's integration into world … trade and the broader globalization in these economies, or to better domestic policies? In this paper, we review the …
Persistent link: https://www.econbiz.de/10011932519
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On international integration of emerging sovereign bond markets
Agur, Itai; Chan, Melissa; Mangal Goswami; Sharma, Sunil - 2018
The paper investigates the international integration of EM sovereign dollar-denominated and local-currency bond markets. Factor analysis is used to examine movements in sovereign bond yields and common sources of yield variation. The results suggest that EM dollar-denominated sovereign debt...
Persistent link: https://www.econbiz.de/10011799288
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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 … 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
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International Transmission of Bank and Corporate Distress
N'Diaye, Papa M'B. P. - 2010
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
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Developing Countries and the Globalization of Financial Markets
Knight, Malcolm D. - 1998
This paper analyzes the impact of the globalization of financial markets on developing and transition economies …
Persistent link: https://www.econbiz.de/10014403407
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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