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Explaining the migration of stocks from exchanges in emerging economies to international centres

Claessens, Stijn; Kingebiel, Daniela; Schmukler, Sergio L. - 2002

The purpose of the study is two-fold. First, it examines whether Internet usage converges across the geographical space comprising the European Union and Central and Eastern Europe (CEE). Second, it aims to expand the currently rather limited empirical evidence on the determinants of Internet...

Persistent link: https://www.econbiz.de/10010279025

Financial crises and national policy issues: An overview

Ffrench-Davis, Ricardo - 2002

In this overview we try to explain, first, why funds continued to flow towards emerging economies while fundamentals in host countries had been deteriorating before the Asian crisis (rising external deficit, with a significant liquid component appreciating exchange rates; low capital formation,...

Persistent link: https://www.econbiz.de/10010279100

Measurement of a multidimentional index of globalization and its impact on income inequality

Heshmati, Almas - 2003

In this paper we present two composite indices of globalization. The first is based on the Kearney/Foreign Policy … globalized and show how globalization has developed over time. The indices are composed of four components: economic integration … major components provides possibilities to identify sources of globalization and associate it with economic policy measures …

Persistent link: https://www.econbiz.de/10010278997

Channels and policy debate in the globalization-inequality-poverty nexus

Nissanke, Machiko; Thorbecke, Erik - 2005

trends in world income inequality, it examines first the ‘growth’ conduit through which globalization affects poverty … channels and linkages through which globalization affects the poor. After introducing four different concepts used to measure …-growth-inequality-poverty is scrutinized, link by link. The paper then moves on to examine other channels in the globalization-poverty nexus that …

Persistent link: https://www.econbiz.de/10010279004

Globalization and regional income inequality: Evidence from within China

Wan, Guanghua; Lu, Ming; Chen, Zhao - 2004

China’s recent accession to the WTO is expected to accelerate its integration into the world economy, which aggravates … concerns over the impact of globalization on the already rising inter-region income inequality in China. This paper discusses … China’s globalization process and estimates an income generating function, incorporating trade and FDI variables. It then …

Persistent link: https://www.econbiz.de/10010279118

A development-focused allocation of the special drawing rights

Aryeetey, Ernest - 2004

Efforts to realize the issue of development-focused Special Drawing Rights (SDR) by the International Monetary Fund (IMF) have been on-going for many years. Recently, however, the campaign first gained a new momentum immediately after the Asian financial crises with the new liquidity problems of...

Persistent link: https://www.econbiz.de/10010279032

The instability of the emerging market assets demand schedule

FitzGerald, Valpy - 2002

This paper addresses the nature of the demand schedule for emerging market assets in both its macroeconomic and microeconomic dimensions. The former is usually analysed in terms of the ‘push factors’ (such as interest rates or contagion) determining international capital flows; while the...

Persistent link: https://www.econbiz.de/10010279190

Revenue potential of the currency transaction tax for development finance: A critical appraisal

Nissanke, Machiko - 2003

The paper assesses the potential of currency transaction taxes (CTT, widely known as the Tobin tax), to raise revenue for global development. Though Tobin proposed and others assessed CTTs in terms of reducing exchange rate volatility and improving macroeconomic policy environments, this paper...

Persistent link: https://www.econbiz.de/10010279351

Tax competition, globalization and declining social protection

Murshed, S. Mansoob - 2001

have less revenue in the era of globalization because of international tax competition, falling domestic tax bases and …

Persistent link: https://www.econbiz.de/10010278998

Globalization and catching-up in emerging market economies

Kolodko, Grzegorz W. - 2002

history less than 30 nations have become rich and still more than 80 per cent of the world population lives in the middle and … the influence of globalization process on economic growth and how real are the prospects for these emerging markets to … paper examines strategies that can help taking the contemporary wave of globalization to the advantage of fast growth of …

Persistent link: https://www.econbiz.de/10010279002