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In the past years, the globalization has generated a significant development of the emergent economies, but also that … after entering into this game, the globalization phenomenon has become a threat. The globalization has opened, in the …
Persistent link: https://www.econbiz.de/10011004820
Use of new technologies and how the circulation of information, in banking, globalization emphasizes more than any … other field. Today, globalization of financial markets is a priority both for multinational companies and governments and …
Persistent link: https://www.econbiz.de/10010926051
This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows....
Persistent link: https://www.econbiz.de/10011245902
This paper describes the socio-economic adjustment effects exerted by globalization (taking as starting points …
Persistent link: https://www.econbiz.de/10011259135
The new international financial architecture can help African countries benefit from globalization, while minimizing …
Persistent link: https://www.econbiz.de/10005248182
All financial institutions specialize, in dimensions that may include categories of assets and liabilities, types of services offered, customer demographics, and geographic coverage. The International Monetary Fund is the only international financial institution that is universal in its...
Persistent link: https://www.econbiz.de/10005248315
integration and improved real prospects are mutually reinforcing. Third, financial integration predicts globalization but the …
Persistent link: https://www.econbiz.de/10005263723
Financial globalization was off to a rocky start in emerging economies hit by Sudden Stops in the 1990s. The surge in … assets via business cycle volatility, financial globalization, and endogenous Sudden Stops. Our results show that financial … globalization and Sudden Stop risk are plausible explanations of the surge in reserves but cyclical volatility, which has declined …
Persistent link: https://www.econbiz.de/10005263736
In theory, one of the main benefits of financial globalization is that it should allow for more efficient international … outcomes during the recent period of globalization. Developing countries have, by and large, been shut out of this benefit. The … why emerging markets have not been able to realize this presumed benefit of financial globalization. In particular, our …
Persistent link: https://www.econbiz.de/10005263747
This paper proposes a price-based measure to mitigate the destabilizing impact of the volatility of global capital movements on the domestic economy of a country pursuing sound economic policies. The measure is a withholding tax on all private capital inflows, with a credit and refund provision...
Persistent link: https://www.econbiz.de/10005263778