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How Do Trade and Financial Integration Affect the Relationship Between Growth and Volatility?

Prasad, Eswar; Terrones, Marco; Kose, M. Ayhan - International Monetary Fund (IMF) - 2005

context of globalization-a term typically used to describe the phenomenon of growing international trade and financial …

Persistent link: https://www.econbiz.de/10005825974

Changing Nature of North-South Linkages; Stylized Facts and Explanations

Akin, Çigdem; Kose, M. Ayhan - International Monetary Fund (IMF) - 2007

countries, the South, driven by the process of globalization?the phenomenon of rising international trade and financial flows … economic activity on the Emerging South has declined during the globalization period (1986-2005). In contrast, the growth …

Persistent link: https://www.econbiz.de/10005769105

The Elusive Gains From International Financial Integration

Gourinchas, Pierre-Olivier; Jeanne, Olivier - International Monetary Fund (IMF) - 2004

Standard theoretical arguments tell us that countries with relatively little capital benefit from financial integration as foreign capital flows in and speeds up the process of income convergence. We show in a calibrated neoclassical model that conventionally measured welfare gains from this...

Persistent link: https://www.econbiz.de/10005605034

Reaping the Benefits of Financial Globalization

Dell'Ariccia, Giovanni; Mauro, Paolo; Faria, André; … - International Monetary Fund (IMF) - 2008

Financial globalization has increased dramatically over the past three decades, particularly for advanced economies … principle, financial globalization should enhance international risk sharing, reduce macroeconomic volatility, and foster …

Persistent link: https://www.econbiz.de/10010790496