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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
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 Vorstellung, die Wirtschaftspolitik könne auf die Globalisierung durch eine internationale Kooperation und …
Persistent link: https://www.econbiz.de/10010265347
Persistent link: https://www.econbiz.de/10010332863
Persistent link: https://www.econbiz.de/10010265337
Volkswirtschaften Stabilitätsstandards bei sich umsetzen. Die institutionellen Regelungen der Weltwirtschaft sollten deshalb auf die …
Persistent link: https://www.econbiz.de/10010265430
Pecking order models of international finance suggest that countries should become less reliant on international bank lending as they develop. Reduced information costs are one of the factors behind this trend towards disintermediation. This paper presents a simple model on the choice between...
Persistent link: https://www.econbiz.de/10010260449
Globalization has affected business cycle developments in OECD countries and has increased activities of firms across …
Persistent link: https://www.econbiz.de/10010260529
The debate on the risks and benefits of the globalisation of international capital markets has focused on the volume and the volatility of the main capital flows – foreign direct investment (FDI), portfolio investment, and foreign bank lending. Financial transfers in the form of worker...
Persistent link: https://www.econbiz.de/10010260532
Changes in foreign asset holdings are one channel through which agents adjust to macroeconomic shocks. In this paper, we test whether foreign bank assets change as a result of domestic and foreign macroeconomic shocks. We frame our empirical analysis in a standard new open economy macro model in...
Persistent link: https://www.econbiz.de/10010260537