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Financial Globalization in Emerging Economies : Much Ado About Nothing?
Levy-Yeyati, Eduardo Levy - 2014
Financial globalization, defined as global linkages through cross-border financial flows, has become increasingly … way it is often measured, it has also led to the misperception that financial globalization in emerging markets has been … growing in recent years. The authors characterize the evolution of financial globalization in emerging markets using …
Persistent link: https://www.econbiz.de/10013068213
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Criss-Crossing Globalization : Uphill Flows of Skill-Intensive Goods and Foreign Direct Investment
Mattoo, Aaditya - 2014
This paper documents an unusual and possibly significant phenomenon: The export of skills embodied in goods, services, or capital from poorer to richer countries. We first present a set of stylized facts. Using a measure that combines the sophistication of a country's exports with the average...
Persistent link: https://www.econbiz.de/10013070851
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Gross Capital Flows, Common Factors, and the Global Financial Cycle
Barrot, Luis-Diego - 2018
common factors exhibits a "globalization" stage up to 2007, during which they acquire growing importance, followed by a phase …
Persistent link: https://www.econbiz.de/10012926785
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Determinants of Global Value Chain Participation : Cross-Country Evidence
Fernandes, Ana M. - 2020
The past decades witnessed big changes in international trade with the rise of global value chains. Some countries, such as China, Poland, and Vietnam, rode the tide, while other countries, many in the Africa region, faltered. This paper studies the determinants of participation in global value...
Persistent link: https://www.econbiz.de/10012838624
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Global Recessions
Kose, M. Ayhan - 2020
The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009. During each of these episodes, annual real per capita global gross domestic product contracted, and this contraction was accompanied by weakening of other key indicators of global...
Persistent link: https://www.econbiz.de/10012840241
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Conceptual Aspects of Global Value Chains
Antras, Pol - 2020
The paper offers an overview of some key conceptual aspects associated with the rise of global value chains (GVCs). It outlines a series of alternative interpretations and definitions of what the rise of GVCs entails, and it traces the implications of these alternative conceptualizations for the...
Persistent link: https://www.econbiz.de/10012843448
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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 developed, emerging, and frontier markets. The paper also shows that financial …
Persistent link: https://www.econbiz.de/10012954311
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On the Asymmetry of Global Spillovers : Emerging Markets Versus Advanced Economies
Arezki, Rabah - 2018
This paper examines growth spillovers between emerging markets and advanced economies. The empirical results, based on a two-bloc setup and cover 1991 to 2015, are twofold. First, the paper shows that the size of the spillovers running from emerging markets to advanced economies is about a fifth...
Persistent link: https://www.econbiz.de/10012907092
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The Drivers and Impacts of Water Infrastructure Reliability : A Global Analysis of Manufacturing Firms
Islam, Asif - 2018
Inadequate infrastructure impedes the productivity of manufacturing firms, with negative consequences for the wider economy. This study examines how water infrastructure copes with severe weather fluctuations and analyzes the effect of unreliable water supplies on the productivity of...
Persistent link: https://www.econbiz.de/10012908551
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Are the Poor Getting Globalized?
Mendoza, Adelina - 2018
One reason that poor people may not capture the full benefit from participation in international markets is that the goods they produce tend to be subject to relatively high trade barriers. This paper analyzes market access barriers faced by households in different income deciles by matching...
Persistent link: https://www.econbiz.de/10012909665