Showing 1 - 10 of 622
makes relatively optimistic assumptions, Africa is not likely to reach ""Asian tiger"" levels of growth. The results also …
Persistent link: https://www.econbiz.de/10014403665
The local sourcing of intermediate products is one the main channels for foreign direct investment (FDI) spillovers. This paper investigates whether and how participation and positioning in the global value chains (GVCs) of host countries is associated to local sourcing by foreign investors....
Persistent link: https://www.econbiz.de/10012112331
globalization raises wealth inequality in a financially-developed economy initially due to foreign capital pressing up domestic …
Persistent link: https://www.econbiz.de/10012796314
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
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
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
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
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
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 analyzes the impact of the globalization of financial markets on developing and transition economies …
Persistent link: https://www.econbiz.de/10014403407