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Purpose - We investigate if financial development benefits from financial globalisation are questionable until certain thresholds of financial globalisation are attained. Design/methodology/approach - Financial globalisation is proxied with Net Foreign Direct Investment Inflows as a percentage...
Persistent link: https://www.econbiz.de/10011407934
. Practical implications - Addressing the issue of surplus liquidity in African financial institutions could improve the benefits …
Persistent link: https://www.econbiz.de/10011410072
documented issue of surplus liquidity in African financial institutions. Moreover, the sceptical view in the financial …
Persistent link: https://www.econbiz.de/10011410631
.Practical Implications – Addressing the issue of surplus liquidity in African financial institutions could improve the benefits of financial …
Persistent link: https://www.econbiz.de/10013032587
In conflict-prone societies, the fear of expropriation that accompanies a regime change reduces capital investment …, technologies that reduce transportation costs) amplify the likelihood of regime change in conflict-prone societies, and strengthen …
Persistent link: https://www.econbiz.de/10014120693
Persistent link: https://www.econbiz.de/10010199656
Why do sudden and massive social, economic, and political changes occur when and where they do? Are there institutional preconditions that encourage such changes when present and discourage such changes when absent? In this paper, I employ a general model which suggests that massive equilibrium...
Persistent link: https://www.econbiz.de/10013151923
Die Welt erfährt auch zu Beginn des 21. Jahrhunderts keine Wende in der lang anhaltenden divergenten Entwicklung … der sogenannten Dritten Welt und des ehemaligen Ostblocks zusehends in die ökonomische Bedeutungslosigkeit. Diese … Polarität in der Entwicklung der Weltwirtschaft dokumentiert, dass die von den herrschenden neoklassischen Entwicklungs- und …
Persistent link: https://www.econbiz.de/10002200470
economy with imperfect political institutions. In a capital-scarce economy, an autocrat catering to the needs of landowners … chooses to shelter the economy from trade. The resulting trade regime interacts with economic institutions, and with policies … on capital mobility, to govern capital accumulation. A landed autocrat neglects to improve institutions and blocks …
Persistent link: https://www.econbiz.de/10013092340
economy with imperfect political institutions. In a capital-scarce economy, an autocrat catering to the needs of landowners … chooses to shelter the economy from trade. The trade regime interacts with economic institutions, and with policies on capital … mobility, to govern capital accumulation. A landed autocrat neglects to improve institutions and blocks foreign capital to …
Persistent link: https://www.econbiz.de/10013092628