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of trade barriers or restrictions on capital outflows or inflows (“globalization”) allows them to serve the domestic …
Persistent link: https://www.econbiz.de/10014400720
This paper analyses how globalization has affected inflation in the New EU Members States (NMS), and Poland in …, globalization appears to have lowered Polish prices by 1⁄2 to 1 percentage point annually since 1995, substantially more than in …
Persistent link: https://www.econbiz.de/10014400725
Economic adjustment and reform programs, including those supported by international financial institutions (IFIs), must cope with informational asymmetries and special interest politics. This presents a particularly serious issue when IFIs make structural economic reforms a condition for...
Persistent link: https://www.econbiz.de/10014400737
The globalization of economic activities that is characterizing many economies raises questions about the future of the …
Persistent link: https://www.econbiz.de/10014400764
This paper argues that the implications of globalization for monetary policy come mainly through two channels: On the … one hand, the many structural changes that are associated with the globalization process cause an increase in the … integration, globalization increases international competition, thereby forcing market players to make structural adjustments or …
Persistent link: https://www.econbiz.de/10014400874
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, technological progress, and labor market policies to the decline in the labor share. The results, obtained for 18 … advanced countries over 1982- 2002, suggest that globalization was only one of several factors that have affected the labor …
Persistent link: https://www.econbiz.de/10014401060
Area and the United States. The simulation results indicate that while the direct effect of globalization has had a larger …
Persistent link: https://www.econbiz.de/10014401256
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
During 2001-07, increases in mature market volatility were associated with declines in forex returns for East Asian countries, consistent with an overall ""flight to safety"" effect. Estimates from GARCH models suggest that a 5 percentage point increase in mature market equity volatility...
Persistent link: https://www.econbiz.de/10014401382