Similar Search Results

Business Cycle Volatility and Globalization: A Survey

Buch, Claudia M. - 2002

The globalization of capital and product markets has many implications for economic welfare. Countries can specialize …, one potentially adverse effect of globalization is the possibility that business cycle volatility might increase. Rapid …

Persistent link: https://www.econbiz.de/10010260496

Financial Openness and Business Cycle Volatility

Pierdzioch, Christian; Döpke, Jörg; Buch, Claudia M. - 2002

This paper discusses whether the integration of international financial markets affects business cycle fluctuations. In the framework of a new open economy macro-model, we show that the link between financial openness and business cycle volatility depends on the nature of the underlying shock....

Persistent link: https://www.econbiz.de/10010260514

Consumption Volatility and Financial Openness

Buch, Claudia M.; Yener, Serkan - 2005

Economic theory predicts that the integration of financial markets lowers the volatility of consumption. In this paper, we study long-term trends in the consumption volatility of the G7 countries. Using different measures of financial openness, we find some evidence that greater financial...

Persistent link: https://www.econbiz.de/10010260540

The Integration of Imperfect Financial Markets: Implications for Business Cycle Volatility

Buch, Claudia M.; Pierdzioch, Christian - 2003

During the last two decades, the degree of openness of national financial systems has increased substantially. At the same time, asymmetries in information and other financial market frictions have remain prevalent. We study both empirically and theoretically the implications of the opening up...

Persistent link: https://www.econbiz.de/10010260621

The international transmission of monetary policy

Buch, Claudia M.; Bussière, Matthieu; Goldberg, Linda S.; … - 2018

This paper presents the novel results from an internationally coordinated project by the International Banking Research Network (IBRN) on the cross-border transmission of conventional and unconventional monetary policy through banks. Teams from seventeen countries use confidential micro-banking...

Persistent link: https://www.econbiz.de/10012144688

Low skill but high volatility?

Buch, Claudia M.; Pierdzioch, Christian - 2009

Globalization may impose a double-burden on low-skilled workers. On the one hand, the relative supply of low … test the predictions of the model. Our results show that greater financial globalization and development increases the …

Persistent link: https://www.econbiz.de/10010271862

International Banking and the Allocation of Risk

Buch, Claudia M.; DeLong, Gayle L.; Neugebauer, Katja - 2007

Macroeconomic risks could magnify individual bank risk. Mitigating the influence of economy-wide risks on banks could therefore be very important to maintain a smooth-running banking system. In this paper, we explore the extent to which macroeconomic risks affect banks. We use a bank-level...

Persistent link: https://www.econbiz.de/10010262871

Shooting the messenger of good news: a critical look at the World Bank's success story of effective aid

Nunnenkamp, Peter - 2002

In a report presented at the UN Conference on Financing for Development in March 2002, the World Bank claims that the … policies. However, the World Bank's success story rests on an extremely weak foundation: First, the institution's contribution … the distribution of World Bank financing. Second, the picture portrayed in the report takes a bad turn if only two …

Persistent link: https://www.econbiz.de/10010265537

Chilean-type capital controls: A building block of the new international financial architecture?

Buch, Claudia M. - 1999

Taxes on short-term capital flows such as introduced in Chile and Slovenia during the 1990s in the form of unremunerated reserve requirements (URRs) on financial credits are under discussion as a remedy against adverse effects of volatile international capital flows. From a theoretical point of...

Persistent link: https://www.econbiz.de/10010305403

Financing for development: The gap between words and deeds since Monterrey

Nunnenkamp, Peter; Thiele, Rainer - 2011

of donor generosity, aid effectiveness and new means of financing. However, the development orientation of world leaders …

Persistent link: https://www.econbiz.de/10010285494