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Greenstone, Michael - 2007

state bonds, which the Iraqi government is currently servicing, on world financial markets. After the Surge, there was a …

Persistent link: https://www.econbiz.de/10012775883

Size Inequality, Coordination Externalities and International Trade Agreements

Limão, Nuno - 2011

Developing countries now account for a significant fraction of both world trade and two thirds of the membership of the World Trade Organization (WTO). However, many are still individually small and thus have a limited ability to bilaterally extract and enforce trade concessions from larger...

Persistent link: https://www.econbiz.de/10013118254

Developing Countries' Financial Vulnerability to the Euro Crisis : An Event Study of Equity and Bond Markets

Aizenman, Joshua - 2013

The global crisis highlights the continued vulnerability of developing countries to shocks from advanced economies. Just a few years after the global crisis, the eurozone sovereign debt crisis has emerged as the single biggest threat to the global outlook. In this paper, we apply the event study...

Persistent link: https://www.econbiz.de/10013091076

Capital Market Integration and Wages

Henry, Peter Blair - 2010

For three years after the typical emerging economy opens its stock market to inflows of foreign capital, the average annual growth rate of the real wage in the manufacturing sector increases by a factor of three. No such increase occurs in a control group of countries. The temporary increase in...

Persistent link: https://www.econbiz.de/10013151651

Bank Exposure, Capital and Secondary Market Discounts on the Developing Country Debt

Ozler, Sule - 2002

Previous empirical studies of secondary market discounts for developing countries have ignored important creditor country factors. The empirical evidence in this paper indicates that, after controlling for repayment indicators of borrower countries, bank exposure and capital are important...

Persistent link: https://www.econbiz.de/10012787480

Is Financial Globalization Beneficial?

Mishkin, Frederic S. - 2010

This lecture examines whether financial globalization is beneficial to developing countries by first examining the evidence on financial development and economic growth and concludes that financial development is indeed a key element in promoting economic growth. It then asks why if financial...

Persistent link: https://www.econbiz.de/10012761881

On the International Financial Architecture : Insuring Emerging Markets

Caballero, Ricardo J. - 2010

In spite of significant institutional and macroeconomic reforms over the last decade or two, capital flows to developing economies remain highly volatile. In 1996, net private capital flows to emerging markets reached US$230 billions; by 1997 these flows had been cut in half; by 1998 halved...

Persistent link: https://www.econbiz.de/10012762843

Monetary Policy Spillovers and the Trilemma in the New Normal : Periphery Country Sensitivity to Core Country Conditions

Aizenman, Joshua - 2015

We investigate why and how the financial conditions of developing and emerging market countries (peripheral countries) can be affected by the movements in the center economies - the U.S., Japan, the Eurozone, and China. We apply a two-step approach. First, we estimate the sensitivity of...

Persistent link: https://www.econbiz.de/10013023347

Government, Financial Markets, and Economic Development

Stiglitz, Joseph E. - 2021

Ideological debates on the role of government in development have focused on two contrasting prescriptions: one calling … for large scale government interventions to solve problems of massive market failures, the other for the unfettering of … exploration of a middle road, focusing in particular on the role of government in financial markets. After explaining the …

Persistent link: https://www.econbiz.de/10013219988

Financial Factors in Economic Development

Dornbusch, Rudiger; Reynoso, Alejandro - 2021

Financial factors have been assigned strategic importance in economic development. But very different factors have been isolated in the respective experiences: in Asia unrepressed financial markets in mobilizing saving and allocating investment have been given prominence. In Latin America the...

Persistent link: https://www.econbiz.de/10013226568

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