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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
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Financial Market Spillovers in Transition Economies
Sahay, Ratna - 2000
This paper examines financial market comovements across European transition economies and compares their experience to that of their regions. Correlations in monthly indices of exchange market pressures can partly be explained by direct trade linkages, but not by measures of other fundamentals....
Persistent link: https://www.econbiz.de/10014399957
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China's bond market and global financial markets
Cerutti, Eugenio M.; Obstfeld, Maurice - 2018
A cross-country comparative analysis shows that there is substantial room for further integration of China into global financial markets, especially in the case of the international bond market. A further successful liberalization of the Chinese bond market would encompass not only loosening...
Persistent link: https://www.econbiz.de/10011978420
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Local currency bond markets law reform : a methodology for emerging markets and developing economies
Bossu, Wouter; Hillier, Cory; Bergthaler, Wolfgang - 2020
Recent financial crises including the ongoing one caused by the COVID-19 pandemic have consistently drawn attention to the need to strengthen the quality of public debt management in emerging markets and developing countries. Deeper and more efficient domestic government debt markets-being, a...
Persistent link: https://www.econbiz.de/10012392641
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Financial Regulation and the Current Account
Wieladek, Tomasz - 2012
This paper examines the relationship between financial regulation and the current account in an intertemporal model of the current account where financial regulation affects the current account through liquidity constraints. Greater liquidity constraints decrease the size and persistence of the...
Persistent link: https://www.econbiz.de/10014396600
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Investors’ Risk Appetite and Global Financial Market Conditions
González-Hermosillo, Brenda - 2008
A structural vector autoregression model is developed to analyze the dynamics of bond spreads among a sample of mature and developing countries during periods of financial stress in the last decade. The model identifies and quantifies the contribution on bond spreads from global market...
Persistent link: https://www.econbiz.de/10014400361
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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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Facing the global financial cycle : what role for policy responses?
Batini, Nicoletta; Durand, Luigi - 2021
Abstract In this paper we ask whether countries can influence their exposure to changes in global financial conditions. Specifically, we show that even though we can model cross-country capital flows via a global factor that closely tracks changes in global financial conditions, there is a large...
Persistent link: https://www.econbiz.de/10012518283
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Financial globalization and inequality : capital flows as a two-edged sword
Eichengreen, Barry; Csonto, Balazs; ElGanainy, Asmaa Adel; … - 2021
Persistent link: https://www.econbiz.de/10012487207
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One ring to rule them all? : new evidence on world cycles
Monnet, Eric; Puy, Damien - 2019
We estimate world cycles using a new quarterly dataset of output, credit and asset prices assembled using IMF archives … and covering a large set of advanced and emerging economies since 1950. World cycles, both real and financial, exist and … time. Although this is true for prices (goods and assets), this not true for quantities (output and credit). The world …
Persistent link: https://www.econbiz.de/10012103742