Showing 1 - 10 of 197
This paper models the global financial crisis as a combination of shocks to global housing markets and sharp increases in risk premia of firms, households and international investors in a global economic model. The model has six sectors of production and trade in 15 major economies and regions....
Persistent link: https://www.econbiz.de/10012552057
The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications …
Persistent link: https://www.econbiz.de/10012552073
The World Trade Organization has been until recently an effective framework for cooperation because it has continually … mechanism that has driven the World Trade Organization process to previous successes. The second is new restraints on …
Persistent link: https://www.econbiz.de/10012551396
First Japan and more recently China have pursued export-oriented growth strategies. While other Asian countries have done likewise, Japan and China are of particular interest because their economies are so large and the size of the associated bilateral trade imbalances with the United States so...
Persistent link: https://www.econbiz.de/10012552034
Financial globalization, defined as global linkages through cross-border financial flows, has become increasingly … relevant for emerging markets as they integrate financially with the rest of the world. This paper argues that, because of the … way it is often measured, it has also led to the misperception that financial globalization in emerging markets has been …
Persistent link: https://www.econbiz.de/10012551122
interaction among Russia's deteriorating fiscal fundamentals, its weak micro-foundations of growth and financial globalization … notwithstanding. These include a discussion of when financial globalization might actually hurt and a cutoff in market access might …
Persistent link: https://www.econbiz.de/10012551529
estimation of the number of bank accounts in the world (6.2 billion) as well as the number of banked and unbanked individuals. In …
Persistent link: https://www.econbiz.de/10012551473
economic management in the developed world and the economic models that guide it. The crisis has revealed major market failures … market-state balance, macroeconomic management, globalization, development financing, and public spending. On the one hand … should largely reinforce the Post-Washington Consensus on development that has emerged over the past decade -- a world view …
Persistent link: https://www.econbiz.de/10012551570
The world is currently still struggling with the aftermath of the worst economic crisis since the Great Depression …
Persistent link: https://www.econbiz.de/10012550958
, despite well-known deficiencies. This paper develops and applies optimal aggregators for the real-world case of multiple …
Persistent link: https://www.econbiz.de/10012551160