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Assessing the Degree of International Consumption Risk Sharing

Hevia, Constantino - 2018

estimation results show that high-income countries exhibit higher degrees of risk sharing than developing countries, and that the …This paper examines the extent of consumption risk sharing for a group of 50 high-income and developing countries. The … interpretation of coefficients of partial risk sharing even when the null hypothesis of perfect risk sharing is rejected. The …

Persistent link: https://www.econbiz.de/10012935258

Financial Globalization in Emerging Countries : Diversification vs. Offshoring

Ceballos, Francisco - 2017

transactions take place. The authors find that globalization via the diversification channel expanded throughout the world during …

Persistent link: https://www.econbiz.de/10012975170

Swept by the Tide? The International Comovement of Capital Flows

Fernandez Lafuerza, Luis Gonzalo - 2019

"push" variables. Recursive estimation of the factor model reveals a rising trend in the exposure of countries' flows to the …

Persistent link: https://www.econbiz.de/10012889898

Financial Globalization and Market Volatility : An Empirical Appraisal

Cordella, Tito - 2017

This paper computes a new financial globalization index for a large sample of countries for 1992-2016. Unlike other measures, the financial globalization index corrects for the heteroscedasticity of global volatility. This leads to a downward adjustment of financial globalization trends for...

Persistent link: https://www.econbiz.de/10012954311

Managing Financial Integration and Capital Mobility -- Policy Lessons from the Past Two Decades

Aizenman, Joshua - 2017

The accumulated experience of emerging markets over the past two decades has laid bare the tenuous links between external financial integration and faster growth, on the one hand, and the proclivity of such integration to fuel costly crises on the other. These crises have not gone without...

Persistent link: https://www.econbiz.de/10012975791

Gross Capital Flows, Common Factors, and the Global Financial Cycle

Barrot, Luis-Diego - 2018

(the VIX, the U.S. real interest rate and real exchange rate, U.S. GDP growth, and world commodity prices) that explain …

Persistent link: https://www.econbiz.de/10012926785

Capital Control Liberalization and Stock Market Development

Belli, Paolo - 2017

The authors address two questions: What happens to stock market size, liquidity, volatility, and integration with world …

Persistent link: https://www.econbiz.de/10012746910

Short and Long-Run Integration : Do Capital Controls Matter?

Kaminsky, Graciela L. - 2017

The authors study whether capital controls affect the link between domestic and foreign stock market prices and interest rates. To examine the characteristics of international market integration and the effects of capital controls in the short and long run, they apply band-pass filter techniques...

Persistent link: https://www.econbiz.de/10012946751

Factor Endowments, Technology, Capital Mobility and the Sources of Comparative Advantage in Manufacturing

Hakobyan, Shushanik - 2017

Using data on net exports and factor endowments for more than 100 countries, this paper studies the relationship between factor endowments and comparative advantage in 28 manufacturing sectors between 1975 and 2010. The authors allow for systematic technological differences across countries,...

Persistent link: https://www.econbiz.de/10012966005

Durable Goods and Poverty Measurement

Amendola, Nicola - 2017

The paper focuses on durable goods and their role in the measurement of living standards. The paper reviews the theoretical underpinnings of the methods available to estimate the value of the services flowing from consumer durable goods. It also provides a unified framework that encompasses the...

Persistent link: https://www.econbiz.de/10012972491