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Income inequality in small states and the Caribbean : stylized facts and determinants
McIntyre, Meredith A.; Bejar, Pablo; Komatsuzaki, Takuji; … - 2021
Rising income inequality has emerged as a major policy issue facing policymakers, but there is a dearth of empirical work on inequality in small states, including the Caribbean. Despite data limitations, the empirical analysis using a sample of small states finds that increased openness and...
Persistent link: https://www.econbiz.de/10012518290
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Domestic amplifiers of external shocks : growth accelerations and reversals in emerging market and developing economies
Gruss, Bertrand; Nabar, Malhar; Poplawski-Ribeiro, Marcos - 2019
External conditions have been found to influence the tendency of emerging market and developing economies to experience episodes of growth accelerations and reversals. In this paper we study the role of domestic policies and other structural attributes in amplifying or mitigating the effect that...
Persistent link: https://www.econbiz.de/10012102045
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Credit Booms and macroeconomic dynamics : stylized facts and lessons for low-income countries
Arena, Marco; Bouza, Serpil; Dabla-Norris, Era; … - 2015
Persistent link: https://www.econbiz.de/10011282724
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Credit Booms and Macroeconomic Dynamics: Stylized Facts and Lessons for Low-Income Countries
2015 - Arena, Marco ; Bouza, Serpil ; Dabla-Norris, Era ; Gerling, Kerstin ; Njie, Lamin ed
Using a comprehensive database on bank credit, covering 135 developing countries over the period 1960�2011, we identify, document, and compare the macro-economic dynamics of credit booms across low-and middle-income countries. The results suggest that while the duration and magnitude of credit...
Persistent link: https://www.econbiz.de/10014411922
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Growth-equity trade-offs in structural reforms
Ostry, Jonathan David; Berg, Andrew; Kothari, Siddharth - 2018
Do structural reforms that aim to boost potential output also change the distribution of income? We shed light on this question by looking at the broad patterns in the cross-country data covering advanced, emerging-market, and low-income countries. Our main finding is that there is indeed...
Persistent link: https://www.econbiz.de/10011799605
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Safe asset demand, global capital flows and wealth concentration
Kim, Taehoon - 2021
The US economy is often referred to as the "banker to the world," due to its unique role in supplying global reserve … 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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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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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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Global Business Cycles : Convergence or Decoupling?
Kose, M. Ayhan - 2008
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
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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