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in affecting developing countries’ experiences with financial globalization. …
Persistent link: https://www.econbiz.de/10005590880
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Has the unprecedented financial globalization of recent years changed the behavior of capital flows across countries …
Persistent link: https://www.econbiz.de/10011242219
Using World Bank data on institutional quality and the KOF Globalization Index, we examine over 100 countries from 1992 … to 2010 to analyze the relationship between economic and social globalization and six measures of institutional quality …. Theoretically, the incentives of elites to respond to globalization by improving institutions should differ between low-income and …
Persistent link: https://www.econbiz.de/10010721649
This paper provides new evidence that sheds light on the effect of globalization on financial development using data … Fully Modified Ordinary Least Squares methods reveal that globalization affects financial development and economic growth in … the MENA region while globalization does not play any role in institutional reforms, which promote financial development …
Persistent link: https://www.econbiz.de/10010600708
This Selected Issues paper and Statistical Appendix provides an estimate of the long-term path of Romania’s real exchange rate. The paper describes the recent history of the real exchange rate and its main determinants. A model is developed of a time-varying long-term exchange rate path,...
Persistent link: https://www.econbiz.de/10005252850
This paper examines the problems in establishing currency convertibility- and the optimal timing- in formerly planned economies making the transition to market-oriented systems.
Persistent link: https://www.econbiz.de/10005824848
This paper documents trends in movement and composition of capital flows into India in a comparative perspective, examines the impact of these flows upon key macroeconomic variables in the economy, and dwells on implications for economic policy. We find that an inflow of foreign capital results...
Persistent link: https://www.econbiz.de/10005599217