Showing 1 - 10 of 1,767
This paper examines the impact of rising trade and financial integration on international business cycle comovement among a large group of industrial and developing countries. The results provide at best limited support for the conventional wisdom that globalization has increased the degree of...
Persistent link: https://www.econbiz.de/10014404021
are derived by combining figures from different estimation methods. We describe and discuss the strengths and weaknesses … of the different estimation methods. We find that the growth of the shadow economy—which is now remarkably large in the …
Persistent link: https://www.econbiz.de/10014399609
This study focuses on identifying the main factors that influenced country-specific and aggregate demand for IMF concessional financing between 1986 and 2018 and makes within-period and out-of-period forecasts. We find that the external debt level, inflation, and real effective exchange rate are...
Persistent link: https://www.econbiz.de/10012487316
exports of all five broad categories of the U.K.'s financial and insurance services. No trade barriers are found for the bulk … suggests that post-Brexit disruptions of the U.K.'s export of financial and insurance services may be minor …
Persistent link: https://www.econbiz.de/10012796259
, financial sector depth, country risk, a measure of cost of insurance, and the World Bank governance indexes. We find that … of Knightian uncertainty. This paper correlates non-life insurance penetration in 70 countries with income level …
Persistent link: https://www.econbiz.de/10014402994
Insurance enterprises provide services, called insurance services, to policyholders. The values of such services are … discusses the treatment of insurance services, and related transactions, in the balance of payments. A simple measure, based on … a number of assumptions, of nonlife insurance services is considered. The assumptions underlying this measure are then …
Persistent link: https://www.econbiz.de/10014398144
This paper provides empirical support for the view that enhanced economic security fosters private investment and growth in developing countries. An analysis for 53 developing countries suggests that most aspects of economic security have improved since the mid-1980s; that private investment is...
Persistent link: https://www.econbiz.de/10014400780
Corruption, particularly political or “grand” corruption, distorts the entire decision-making process connected with public investment projects. The degree of distortions is higher with weaker auditing institutions. The evidence presented shows that higher corruption is associated with (i)...
Persistent link: https://www.econbiz.de/10014401205
the country’s insurance against the greater riskiness in its income stream. The paper tests this implication for a large …
Persistent link: https://www.econbiz.de/10014396260
the world, (ii) invest in foreign assets, and (iii) receive foreign direct investment (FDI). The model is calibrated on 32 …
Persistent link: https://www.econbiz.de/10014399779