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of foreign organizations such as the World Bank and the International Monetary Fund and the behavior of peer countries …
Persistent link: https://www.econbiz.de/10014027565
Financial globalization, defined as global linkages through cross-border financial flows, has become increasingly … relevant for emerging markets as they integrate financially with the rest of the world. This paper argues that, because of the … way it is often measured, it has also led to the misperception that financial globalization in emerging markets has been …
Persistent link: https://www.econbiz.de/10013068213
The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications …
Persistent link: https://www.econbiz.de/10013160313
We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...
Persistent link: https://www.econbiz.de/10012840446
Financial globalization, defined as global linkages through cross-border financial flows, has become increasingly … relevant for emerging markets as they integrate financially with the rest of the world. This paper argues that, because of the … way it is often measured, it has also led to the misperception that financial globalization in emerging markets has been …
Persistent link: https://www.econbiz.de/10012976061
economic management in the developed world and the economic models that guide it. The crisis has revealed major market failures … market-state balance, macroeconomic management, globalization, development financing, and public spending. On the one hand … should largely reinforce the Post-Washington Consensus on development that has emerged over the past decade -- a world view …
Persistent link: https://www.econbiz.de/10012976477
technology, globalization tends to lead to convergence. Moreover, under non-convex technology trade and migration tend to be …
Persistent link: https://www.econbiz.de/10013098128
The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009 … internationally, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off …
Persistent link: https://www.econbiz.de/10012840241
projections and scenario analysis. Such forecasting has become increasingly challenging, thanks to the rapid pace of globalization … the world urgently need to see the big picture if they are to deal with the specific challenges and opportunities they …-house researchers and global experts who work on state-of-the-art models related to globalization, technological progress and …
Persistent link: https://www.econbiz.de/10012973755
playing field' would be ineffective and result in destructive conflicts in the World Trade Organization. Lack of progress at …
Persistent link: https://www.econbiz.de/10012974889