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Rising Income Inequality; Technology, o+L3904r Trade and Financial Globalization?
Papageorgiou, Chris; Lall, Subir; Jaumotte, Florence - International Monetary Fund (IMF) - 2008
We examine the relationship between trade and financial globalization and the rise in inequality in most countries in … recent decades. We find technological progress as having a greater impact than globalization on inequality. The limited … overall impact of globalization reflects two offsetting tendencies: whereas trade globalization is associated with a reduction …
Persistent link: https://www.econbiz.de/10005263792
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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
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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
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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
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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
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Structural Reforms and Regional Convergence
Spilimbergo, Antonio; Che, Natasha Xingyuan - International Monetary Fund (IMF) - 2012
Which structural reforms affect the speed the regional convergence within a country? We found that domestic financial development, trade/current account openness, better institutional infrastructure, and selected labor market reforms facilitate regional convergence. However, these reforms have...
Persistent link: https://www.econbiz.de/10011142004
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Trade Liberalization, Financial Development and Economic Growth in The Long Term: The Case of Turkey
Muhsin, Kar; Osman, Peker; Muhittin, Kaplan - In: South East European Journal of Economics and Business 3 (2008) 2, pp. 25-38
The determinants of economic growth have been a much debated theoretical issue in the literature, especially after the endogenous growth theory of the late 1980s. This new theory highlights the importance of economic policies that lead to an increasing rate of return. In particular, it is argued...
Persistent link: https://www.econbiz.de/10011008850
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Kenya; Selected Issues
International Monetary Fund (IMF); International … - 2008
This Selected Issues paper on Kenya reviews Kenya’s external stability in a context where the exchange rate has strengthened and capital inflows are playing an increasingly important role. Kenya’s external current account deficit has widened, reflecting strong import volumes as...
Persistent link: https://www.econbiz.de/10011244282
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Chile; Selected Issues
International Monetary Fund (IMF); International … - 2007
This Selected Issues paper analyzes the properties of the fiscal surplus rule, a key pillar of Chile’s macroeconomic framework. The findings suggest that the rule is near the volatility-minimizing efficiency frontier. The paper assesses the vulnerability of the Chilean banking system to...
Persistent link: https://www.econbiz.de/10011244474
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Tunisia; Selected Issues
International Monetary Fund (IMF); International … - 2010
Tunisia’s reliance on European countries for export earnings, tourism, remittances, and foreign direct investment inflows has remained high over the last decades. Remittances and tourism receipts have been broadly stable in percent of GDP, with somewhat more fluctuations in the latter...
Persistent link: https://www.econbiz.de/10011244594