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Towards global competition: catalysts and constraints

Siebert, Horst; Klodt, Henning - 1998

The ongoing process of globalization, which is boosted by technological and political catalysts as well, increasingly … refrain from restricting global competition by protectionistic measures, because substantial gains from globalization for the … world economy in general and terms-of-trade improvements for industrial countries in particular are at stake. …

Persistent link: https://www.econbiz.de/10010265365

Financial Openness and Business Cycle Volatility

Pierdzioch, Christian; Döpke, Jörg; Buch, Claudia M. - 2002

This paper discusses whether the integration of international financial markets affects business cycle fluctuations. In the framework of a new open economy macro-model, we show that the link between financial openness and business cycle volatility depends on the nature of the underlying shock....

Persistent link: https://www.econbiz.de/10010260514

What does globalization mean for the world trading system?

Siebert, Horst - 1998

Persistent link: https://www.econbiz.de/10010332863

An institutional order for a globalizing world economy

Siebert, Horst - 1997

The paper discusses the most important elements of an institutional order for a globalizing world economy. Rules for …

Persistent link: https://www.econbiz.de/10010265338

Die Illusion von der Kooperation: zum Wettbewerb in der Weltwirtschaft gibt es keine Alternative

Siebert, Horst - 1997

Die Vorstellung, die Wirtschaftspolitik könne auf die Globalisierung durch eine internationale Kooperation und …

Persistent link: https://www.econbiz.de/10010265347

Reintegrating the reform countries into the world economy

Siebert, Horst - 1997

Persistent link: https://www.econbiz.de/10010265337

Währungskrisen: Frühwarnindikatoren, Übertragungskanäle, Lösungsansätze

Siebert, Horst - 1999

Volkswirtschaften Stabilitätsstandards bei sich umsetzen. Die institutionellen Regelungen der Weltwirtschaft sollten deshalb auf die …

Persistent link: https://www.econbiz.de/10010265430

Information or Regulation: What Is Driving the International Activities of Commercial Banks?

Buch, Claudia M. - 2000

Information costs and regulatory barriers are the main distinguishing features of international financial markets as compared to national financial markets. This paper presents a simple model of the impact of these factors on banks' cross-border activities and provides empirical evidence. Our...

Persistent link: https://www.econbiz.de/10010260448

Consumption Volatility and Financial Openness

Buch, Claudia M.; Yener, Serkan - 2005

Economic theory predicts that the integration of financial markets lowers the volatility of consumption. In this paper, we study long-term trends in the consumption volatility of the G7 countries. Using different measures of financial openness, we find some evidence that greater financial...

Persistent link: https://www.econbiz.de/10010260540

The Integration of Imperfect Financial Markets: Implications for Business Cycle Volatility

Buch, Claudia M.; Pierdzioch, Christian - 2003

During the last two decades, the degree of openness of national financial systems has increased substantially. At the same time, asymmetries in information and other financial market frictions have remain prevalent. We study both empirically and theoretically the implications of the opening up...

Persistent link: https://www.econbiz.de/10010260621