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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/10011474806
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/10001680906
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/10011475038
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/10001685221
Freier internationaler Kapitalverkehr kann eine Reihe von positiven Effekten auf die wirtschaftliche Entwicklung haben. Kapital wird in die produktivsten Investitionsprojekte gelenkt, Investitionsrisiken werden gestreut, neue Technologien verbreitet, und effiziente Finanzsysteme können sich...
Persistent link: https://www.econbiz.de/10011451757
Over the past decades, banks have significantly increased their cross-border asset positions. The ongoing crisis on international financial markets has raised the question whether this increase in cross-border activities has allowed banks to diversify risks and to what extent it has increased...
Persistent link: https://www.econbiz.de/10011387108
Persistent link: https://www.econbiz.de/10001611522
Persistent link: https://www.econbiz.de/10011918174
Network (IBRN) on the cross-border transmission of conventional and unconventional monetary policy through banks. Teams from … international bank lending channel and the portfolio channel of monetary policy transmission. They also show that the frictions that …
Persistent link: https://www.econbiz.de/10011877813
global liquidity flows include monetary policy in advanced economies and risk conditions. At the same time, the sensitivities … are now strongest in more leveraged nonbank financial institutions, raising challenges in stress episodes. Current policy … remain. This paper concludes by discussing policy options for addressing systemic risk in banks and nonbanks. …
Persistent link: https://www.econbiz.de/10014501217