Showing 1 - 10 of 946
This paper considers the extent of retail banking integration in the Communauté Economique et Monétaire d''Afrique Centrale (CEMAC) and the level of bank competition at the regional level. Using a mix of quantitative and qualitative indicators, the paper finds some evidence of price...
Persistent link: https://www.econbiz.de/10014403007
This study assesses the degree of financial integration in the West African Economic and Monetary Union (WAEMU). The structure of the financial sector and its institutional arrangements indicate that financial integration is well advanced in some aspects. Common and foreign ownership of banks is...
Persistent link: https://www.econbiz.de/10014400515
We investigate the extent of regional financial integration in the member countries of the Gulf Cooperation Council. The limited volume data available suggests that regional integration is non-negligible. Bahrain and Kuwait investments especially are oriented towards the region. The development...
Persistent link: https://www.econbiz.de/10014402683
A cross-country comparative analysis shows that there is substantial room for further integration of China into global …, notably the foreign exchange market. Even though the increased integration of China into international capital markets would … increase its exposure to the global financial cycle, the costs in terms of monetary autonomy would not be large given China …
Persistent link: https://www.econbiz.de/10011978420
Although the rest of the world had waited a long time for China to open up, feelings were mixed when it actually did … (WTO), many of its trading partners are increasingly concerned that China’s competition in the world goods and capital … markets may adversely affect their own growth prospects. This paper examines the implications of China’s WTO accession for …
Persistent link: https://www.econbiz.de/10014403900
What role does China play in Africa''s development? What drives China''s increasing economic involvement in the … continent? This paper attempts to provide a quantified assessment of China''s multifaceted influence as market, donor, financer … government policies, markets for each other''s exports, Africa''s demand for infrastructure, and differences in China''s approach …
Persistent link: https://www.econbiz.de/10014400123
Recent empirical research finds that pairs of countries with stronger trade linkages tend to have more highly correlated business cycles. We assess whether the standard international business cycle framework can replicate this intuitive result. We employ a three-country model with transportation...
Persistent link: https://www.econbiz.de/10014404216
Over the last two decades, world trade and production have become increasingly organized around global value chains (GVC). Recent theoretical work has shown that countries can benefit from participation in GVCs through multiple channels. However, little is known empirically about the economic...
Persistent link: https://www.econbiz.de/10012001583
The paper provides quantitative estimates of the impact of the European trade agreements on trade flows. It applies both static and dynamic panel estimation techniques. The results are useful to policymakers because new intra-European trade agreements are being negotiated. In the absence of a...
Persistent link: https://www.econbiz.de/10014400337
The paper uses a dynamic panel data model to estimate the pass-through coefficients of 20 nine-digit industrial commodities that are traded between Japan and its East Asian trading partners to investigate the response of tradable goods prices to exchange rate movements. By using the monthly...
Persistent link: https://www.econbiz.de/10014401194