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for the United States but also with reference to the wider world. We establish the outlines of international integration a … century ago and analyze the institutional and informational impediments that prevented the late nineteenth century world from … achieving the same degree of integration as today. We conclude that the world today is different: commercial and financial …
Persistent link: https://www.econbiz.de/10001392028
Persistent link: https://www.econbiz.de/10009308013
The recent crisis highlighted the importance of globally active banks in linking markets. One channel for this linkage is the liquidity management of these banks, specifically the regular flow of funds between parent banks and their affiliates in diverse foreign markets. We use the Great...
Persistent link: https://www.econbiz.de/10009266718
Using cross-country differences in the degree of isolation before the advent of technologies in sea and air transportation, we assess the relationship between geographic isolation and financial development across the globe. We find that pre-historic geographical isolation has been beneficial to...
Persistent link: https://www.econbiz.de/10011737396
dimensions identified by the Financial Development and Structure Database of the World Bank. The findings consistently reveal: (i …
Persistent link: https://www.econbiz.de/10011651148
The study assesses the role of globalization-fuelled regionalization policies on financial allocation efficiency in … proxies are used as dependent variables whereas seven bundled and unbundled globalization variables are employed as … efficiency is more sensitive to financial openness compared to trade openness and most sensitive to globalization. The …
Persistent link: https://www.econbiz.de/10012128414
This study unites two streams of research by simultaneously focusing on the impact of financial globalisation on financial development and pre- and post-crisis dynamics of the investigated relationship. The empirical evidence is based on 53 African countries for the period 2004-2011 and...
Persistent link: https://www.econbiz.de/10012251924
and Structure Database of the World Bank are employed, namely: financial depth (money supply and liquid liabilities … Financial Development and Structure Database of the World Bank. …
Persistent link: https://www.econbiz.de/10011410631
In this paper we demonstrate that intra-industry trade (or FDI)between identical countries could produce theobserved deterioration in the relative wages of unskilled workers.This involves a model of North-Northintegration through either increased trade flows or increased MNE-based production....
Persistent link: https://www.econbiz.de/10011303867
Persistent link: https://www.econbiz.de/10013264129