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Safe asset demand, global capital flows and wealth concentration

Kim, Taehoon - 2021

globalization raises wealth inequality in a financially-developed economy initially due to foreign capital pressing up domestic …

Persistent link: https://www.econbiz.de/10012796314

Emerging market securities access to global plumbing

Choi, Gongpil; Ortega, Federico; Kumar, Manmohan S. - 2021

What are the constraints that have stalled EMs efforts to reuse their securities in international financial centers? We discuss the economics of collateral re-use and the present institutional structure in Asian and Latin American countries. Our empirical investigation suggests pledgeability...

Persistent link: https://www.econbiz.de/10012604765

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

On international integration of emerging sovereign bond markets

Agur, Itai; Chan, Melissa; Mangal Goswami; Sharma, Sunil - 2018

The paper investigates the international integration of EM sovereign dollar-denominated and local-currency bond markets. Factor analysis is used to examine movements in sovereign bond yields and common sources of yield variation. The results suggest that EM dollar-denominated sovereign debt...

Persistent link: https://www.econbiz.de/10011799288

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

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

International Transmission of Bank and Corporate Distress

N'Diaye, Papa M'B. P. - 2010

The paper evaluates how increases in banks’ and nonfinancial corporates’ default risk are transmitted in the global economy, using in a vector autoregression model for 30 advanced and emerging economies for the period from January 1996 to December 2008. The results point to two-way causality...