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The Renminbi's Role in the Global Monetary System
Prasad, Eswar S. - 2012
We analyze three related but distinct concepts concerning the renminbi's role in the global monetary system: (i) "internationalization" of the currency; (ii) currency convertibility; and (iii) reserve currency status. Their sequencing in relation to other policy goals such as financial sector...
Persistent link: https://www.econbiz.de/10013110844
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Globalization and Strategic Research Investments
Bohnstedt, Anna - 2011
We develop a general equilibrium model of international trade with heterogeneous firms, where countries can invest into basic research to improve their technological potential. These research investments tighten firm selection and raise the average productivity of firms in the market, thereby...
Persistent link: https://www.econbiz.de/10013131927
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Global Sourcing of Complex Production Processes
Schwarz, Christian - 2010
We develop a theory of a firm in an environment with incomplete contracts. The firm's headquarter decides on the complexity, the organization, and the global scale of its production process. Specifically, it decides: i) on the mass of symmetric intermediate inputs that are part of the value...
Persistent link: https://www.econbiz.de/10013136032
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Globalised Labour Markets? International Rent Sharing Across 47 Countries
Martins, Pedro S. - 2010
We present evidence about the role of rent sharing in fostering the interdependence of labour markets around the world …
Persistent link: https://www.econbiz.de/10013136491
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Growth, Colonization, and Institutional Development : In and Out of Africa
Bertocchi, Graziella - 2011
This essay investigates the determinants of the growth performance of Africa. I start by illustrating a broader research agenda which accounts not only for basic economic and demographic factors, but also for the role of history and institutional development. After reporting results from...
Persistent link: https://www.econbiz.de/10013122110
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Migration, International Trade and Capital Formation : Cause or Effect?
Felbermayr, Gabriel J. - 2012
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
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Global Pension Systems and Their Reform : Worldwide Drivers, Trends, and Challenges
Holzmann, Robert - 2012
Across the world, pension systems and their reforms are in a constant state of flux driven by shifting objectives …
Persistent link: https://www.econbiz.de/10013099759
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Globalization, Institutions, and the Ethnic Divide : Recent Longitudinal Evidence
Wunnava, Phani V. - 2012
significant impediment to growth but religious and linguistic heterogeneity have not. Further, while economic globalization has … more from global integration. This suggests the importance of globalization in redressing the detrimental impact of ethnic …
Persistent link: https://www.econbiz.de/10013107710
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Thresholds in the Process of International Financial Integration
Kose, M. Ayhan - 2009
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
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Asabiyya : Re-Interpreting Value Change in Globalized Societies
Tausch, Arno - 2009
. The World Values Survey provided a data framework of global value change, whose quantitative results led Barro (2004) to … question is whether "modernization" without "spiritual values" in a globalized world economy and world society possible in the … economic growth in the current world crisis is far more connected with these dimensions. We conclude that not a society based …
Persistent link: https://www.econbiz.de/10013155538