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Facing the global financial cycle : what role for policy responses?
Batini, Nicoletta; Durand, Luigi - 2021
Abstract In this paper we ask whether countries can influence their exposure to changes in global financial conditions. Specifically, we show that even though we can model cross-country capital flows via a global factor that closely tracks changes in global financial conditions, there is a large...
Persistent link: https://www.econbiz.de/10012518283
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The global macrofinancial model
Vitek, Francis - 2018
This paper documents the theoretical structure and empirical properties of the latest version of the Global Macrofinancial Model (GFM). This dynamic stochastic general equilibrium model of the world economy, disaggregated into forty national economies, was developed to support multilaterally...
Persistent link: https://www.econbiz.de/10011848258
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Global risks and collective action failures : what can the international community do?
Ötker-Robe, İnci - 2014
Persistent link: https://www.econbiz.de/10010441934
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The impact of the global financial crisis on banking globalization
Claessens, Stijn; Horen, Neeltje van - 2014
Persistent link: https://www.econbiz.de/10010441940
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Global Imbalances and Financial Stability
Xafa, Miranda - 2007
natural consequence of economic and financial globalization. In terms of their policy implications, the traditional view …
Persistent link: https://www.econbiz.de/10014399530
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Global Moral Hazard, Capital Account Liberalization and the ""Overlending Syndrome""
Levy Yeyati, Eduardo - 1999
The removal of government guarantees in borrowing countries does not eliminate the moral hazard problem posed by the existence of deposit guarantees in lender countries. The paper shows that, after restrictions on international capital flows are lifted, banks in low-risk developed countries...
Persistent link: https://www.econbiz.de/10014400643
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Financial Globalization : A Reappraisal
Kose, M. Ayhan - 2006
The literature on the benefits and costs of financial globalization for developing countries has exploded in recent … macroeconomic effects of financial globalization, in terms of both growth and volatility. Overall, our critical reading of the … financial globalization, but with many nuances. On the other hand, there is little systematic evidence to support widely cited …
Persistent link: https://www.econbiz.de/10014401981
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The Impact of the Global Crisison Canada : What Do Macro-Financial Linkages Tell Us?
Duttagupta, Rupa - 2010
This paper builds a Bayesian VAR estimation model of growth for Canada, by focusing specifically on the role of external and domestic financial indicators, including credit conditions. A variance decomposition shows that financial conditions explain one-third of the total variability in...
Persistent link: https://www.econbiz.de/10014402887
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Global Risks and Collective Action Failures : What Can the International Community Do?
Otker-Robe, Inci - 2014
Abstract What do climate change, global financial crises, pandemics, and fragility and conflict have in common? They are all examples of global risks that can cross geographical and generational boundaries and whose mismanagement can reverse gains in development and jeopardize the well-being of...
Persistent link: https://www.econbiz.de/10014411688
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The Impact of the Global Financial Crisis on Banking Globalization
Claessens, Stijn - 2014
Although cross-border bank lending has fallen sharply since the crisis, extending our bank ownership database from 1995-2009 up to 2013 shows only limited retrenchment in foreign bank presence. While banks from OECD countries reduced their foreign presence (but still represent 89% of foreign...
Persistent link: https://www.econbiz.de/10014411689