Narrow search
Showing 1 - 10 of 8,291
Cover Image
Financial Integration and Liquidity Crises
Castiglionesi, Fabio - 2017
allows banks in different regions to smooth local liquidity shocks by borrowing and lending on a world interbank market. We … second-best world, financial integration can increase the welfare benefits of liquidity requirements …
Persistent link: https://www.econbiz.de/10012957374
Cover Image
Risk and Global Economic Architecture : Why Full Financial Integration May Be Undesirable
Stiglitz, Joseph E. - 2010
simplistic models arguing for financial integration typically employed in economics assume convexity; but the world is rife with …
Persistent link: https://www.econbiz.de/10013148101
Cover Image
Financial Integration, Entrepreneurial Risk and Global Imbalances
Angeletos, George-Marios - 2014
How does financial integration impact capital accumulation, current-account dynamics, and cross-country inequality? We investigate this question within a two-country, general-equilibrium, incomplete-markets model that focuses on the importance of idiosyncratic entrepreneurial risk-- a risk that...
Persistent link: https://www.econbiz.de/10013068649
Cover Image
Thresholds in the Process of International Financial Integration
Kose, M. Ayhan - 2009
identifiable thresholds in variables such as financial depth and institutional quality -- the cost-benefit trade-off from financial …
Persistent link: https://www.econbiz.de/10013160341
Cover Image
Financial Integration, Financial Deepness and Global Imbalances
Mendoza, Enrique G. - 2007
Large and persistent global financial imbalances need not be the harbinger of a world financial crash. Instead, we show …
Persistent link: https://www.econbiz.de/10012777647
Cover Image
Globalization and Capital Markets
Obstfeld, Maurice; Taylor, Alan M. - 2021
these vicissitudes quantitatively and explaining them. Economic theory and economic history together can provide useful …
Persistent link: https://www.econbiz.de/10013243924
Cover Image
The Portuguese Slump and Crash and the Euro Crisis
Reis, Ricardo - 2013
Between 2000 and 2012, the Portuguese economy grew less than the United States during the Great Depression and less than Japan during its lost decade. This paper asks why this happened, with a particular focus on the slump between 2000 and 2007. It describes the main facts of Portugal's recent...
Persistent link: https://www.econbiz.de/10013077964
Cover Image
Dating the Integration of World Equity Markets
Bekaert, Geert - 2008
Measuring the integration of world capital markets is notoriously difficult. For example, regulatory changes which … equity market becomes financially integrated with world capital markets. We find endogenous break dates that are very … markets are on average larger and more liquid than before; returns are more volatile and more highly correlated with the world …
Persistent link: https://www.econbiz.de/10012774881
Cover Image
International Capital Flows, Returns and World Financial Integration
Evans, Martin D.D. - 2005
International capital flows have increased dramatically since the 1980s, with much of the increase being due to trade … in equity and debt markets. Such developments are often attributed to the increased integration of world financial … markets. We present a model that allows us to examine how greater integration in world financial markets affects the behavior …
Persistent link: https://www.econbiz.de/10012784163
Cover Image
How Big are the Gains from International Financial Integration?
Hoxha, Indrit - 2010
The literature has shown that the implied welfare gains from international financial integration are very small. We revisit the existing findings and document that welfare gains can be substantial if capital goods are not perfect substitutes. We use a model of optimal savings that includes a...
Persistent link: https://www.econbiz.de/10012758019