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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

Financial globalization, financial frictions and optimal monetary policy

Faia, Ester; Iliopulos, Esti - 2010

How should monetary policy be optimally designed in an environment with high degrees of financial globalization? To … answer this question we lay down an open economy model where net lending toward the rest of the world is constrained by a … versus pegged) shows that the impossible trinity is reversed: a higher degree of financial globalization, by inducing more …

Persistent link: https://www.econbiz.de/10010270033

The determinants of urban concentration

Junius, Karsten - 1997

Urban concentration differs across countries. One determinant of these differences is economic development, which first increases and subsequently decreases urban concentration. I condition the degree of urban concentration on the potential of countries to develop a balanced urban system. These...

Persistent link: https://www.econbiz.de/10010275324

DART97: a description of the multi-regional, multi-sectoral trade model for the analysis of climate policies

Klepper, Gernot; Peterson, Sonja; Springer, Katrin - 2003

The DART model is a multi-sectoral, multi-regional dynamic computable general equilibrium model of the world developed … for World Economics in 1998, the model has undergone a number of changes to run on more recent data and to analyze …

Persistent link: https://www.econbiz.de/10010265577

International Diversification at Home and Abroad

Cai, Fang; Warnock, Francis E. - 2005

We analyze foreigners' and domestic institutional investors' positions in U.S. equities. Controlling for many factors, we uncover a common preference for large firms and firms that are diversified internationally. The domestic preference for internationally diversified firms implies that...

Persistent link: https://www.econbiz.de/10010260530

Global governance: old and new issues

Hufbauer, Gary Clyde - 2008

Siebert, titled Global Governance: An Architecture for the World Economy. Assess-ments and forecasts made at that time are … not impose immediate acute costs on the great powers: climate change, financial crises, the world trading system, oil …

Persistent link: https://www.econbiz.de/10010263532

Umbaupläne und Reparaturarbeiten an der internationalen Finanzarchitektur: eine Zwischenbilanz aus deutscher Perspektive

Nunnenkamp, Peter - 2001

It is for good reasons that economic policymakers have rejected demands by globalization sceptics to fundamentally …

Persistent link: https://www.econbiz.de/10010265519

Social security and redistribution within generations in an overlapping generations model

Lorz, Jens Oliver - 1999

An overlapping generations model is set up in this paper to analyze social security policy in a representative democracy with asymmetric information. The model considers not only redistribution between generations but also redistribution within generations according to individual labor incomes....

Persistent link: https://www.econbiz.de/10010275705

Globalization of the World Economy: What Happened in 1985?

Kleinert, Jörn - 2000

This paper brings forward a three-country model to analyze the internationalization process in the age of globalization …

Persistent link: https://www.econbiz.de/10010260623

Determinants of FDI in developing countries: has globalization changed the rules of the game?

Nunnenkamp, Peter - 2002

There is a startling gap between, allegedly, globalization-induced changes in international competition for foreign … its relevance well before globalization became a hotly debated issue. …

Persistent link: https://www.econbiz.de/10010265533