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Bekaert, Geert - 2003

to providing new insights on contagion during crisis periods, we document patterns through time in world and regional …

Persistent link: https://www.econbiz.de/10012469193

International Financial Integration and Economic Growth

Edison, Hali J. - 2002

This paper uses new data and new econometric techniques to investigate the impact of international financial integration on economic growth and also to assess whether this relationship depends on the level of economic development, financial development, legal system development, government...

Persistent link: https://www.econbiz.de/10012469546

Financial Integration, Entrepreneurial Risk and Global Imbalances

Angeletos, George-Marios - 2011

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/10012461896

Crises and Sudden Stops : Evidence from International Bond and Syndicated-Loan Markets

Kaminsky, Graciela L. - 2008

The crises in Mexico, Thailand, and Russia in the 1990s spread quite rapidly to countries as far apart as South Africa and Pakistan. In the aftermath of these crises, many emerging economies lost access to international capital markets. Using data on international primary issuance, this paper...

Persistent link: https://www.econbiz.de/10012464398

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/10012465747

International Capital Flows, Returns and World Financial Integration

Evans, Martin D. D. - 2005

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 … concentrated in bonds. As integration progresses and households gain access to world equity markets, the size and volatility of …

Persistent link: https://www.econbiz.de/10012466971

Globalization and Capital Markets

Obstfeld, Maurice - 2002

The ebb and flow of international capital since the nineteenth century illustrates recurring difficulties, as well as the alternative perspectives from which policymakers have tried to confront them. This paper is devoted to documenting these vicissitudes quantitatively and explaining them....

Persistent link: https://www.econbiz.de/10012469869

Time-Varying World Market Integration

Bekaert, Geert - 1994

-switching model, allows us to describe expected returns in countries that are segmented from world capital markets in one part of the …

Persistent link: https://www.econbiz.de/10012474072

Dilemma not Trilemma : The Global Financial Cycle and Monetary Policy Independence

Rey, Hélène - 2015

For the past few decades, international macroeconomics has postulated the "trilemma": with free capital mobility, independent monetary policies are feasible if and only if exchange rates are floating. The global financial cycle transforms the trilemma into a "dilemma" or an "irreconcilable duo":...

Persistent link: https://www.econbiz.de/10012457505

Global Growth Opportunities and Market Integration

Bekaert, Geert - 2004

between its "exogenous" global PE ratio and the world market PE ratio should predict relative growth …

Persistent link: https://www.econbiz.de/10012467697

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