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This book provides an overview of the evolution of distortions to agricultural incentives caused by price, trade, and exchange rate policies in a large sample of countries spanning the world. This chapter begins with a brief summary of the long history of national distortions to agricultural...
Persistent link: https://www.econbiz.de/10012563480
This paper discusses the benefits and risks that financial globalization entails for developing countries. Financial … globalization can lead to large benefits, particularly to the development of the financial system. But financial globalization can … also come with crises and contagion. The net effect of financial globalization is likely positive in the long run, with …
Persistent link: https://www.econbiz.de/10012563975
This paper surveys the literature to document the main stylized facts, risks, and policy challenges related to the expansion of global nonfinancial corporate debt after the 2008–09 global financial crisis. Nonfinancial corporate debt steadily increased after the crisis, especially in emerging...
Persistent link: https://www.econbiz.de/10012823367
Despite recent reforms, world agricultural markets remain highly distorted by government policies. Traditional indicators of those price distortions can be poor guides to the policies' economic effects. Recent theoretical literature provides indicators of trade and welfare-reducing effects of...
Persistent link: https://www.econbiz.de/10012551792
The authors study international financial integration analyzing firms from various countries raising capital, trading equity, and cross-listing in major world stock markets. Using a large sample of 39,517 firms from 111 countries covering the period 1989-2000, they find that, although...
Persistent link: https://www.econbiz.de/10012552596
Over the past decades, many countries have implemented significant reforms to foster domestic capital market development. These reforms included stock market liberalization, privatization programs, and the establishment of regulatory and supervisory frameworks. Despite the intense reform...
Persistent link: https://www.econbiz.de/10012552635
By documenting the evolution of Tobin's q before, during, and after firms internationalize, the authors provide evidence on the bonding, segmentation, and market timing theories of internationalization. Using new data on 9,096 firms across 74 countries over the period 1989-2000, they find that...
Persistent link: https://www.econbiz.de/10012553757
previous globalization waves. This unique database reveals that, even though Europe's vineyards were devastated by vine … examine the development of national wine market developments before, during and in between the two waves of globalization …
Persistent link: https://www.econbiz.de/10012654032
latest wave of globalization has changed that forever. Now more than one-third of all wine consumed globally is produced in …
Persistent link: https://www.econbiz.de/10012654040
process of globalization that is affecting those and indeed all economies increasingly; and the role the WTO has played in …
Persistent link: https://www.econbiz.de/10012654052