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Financial Globalization, Convergence and Growth
Neto, Delfim Gomes - 2012
Using a panel data set covering the period 1970-2004 and 96 countries, we provide empirical evidence that the composition of foreign capital, measured by the ratio FDI over total liabilities, has a positive effect on growth, directly and through convergence. Developing countries benefit...
Persistent link: https://www.econbiz.de/10012712662
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Chapter 65. Financial Globalization and Economic Policies
Kose, M. Ayhan; Prasad, Eswar; Rogoff, Kenneth; Wei, … - In: Handbook of development economics : volume 5, (pp. 4283-4359). 2010
process of financial globalization. Our central findings indicate that policies promoting financial sector development …, institutional quality, and trade openness appear to help developing countries derive the benefits of globalization. Similarly, sound … unavoidable inherent tensions in evaluating the risks and benefits associated with financial globalization. In the light of these …
Persistent link: https://www.econbiz.de/10014025737
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Capital account liberalization and its effects on economic growth and financial instability : the exante orthodox models were wrong
Angelico, Diego Garcia; Oliveira, Giuliano Contento de - In: Brazilian journal of political economy 40 (2020) 4, pp. 669-688
Persistent link: https://www.econbiz.de/10012601921
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Vietnam and threshold conditions in the process of global financial integration
Nguyen Thi Ngoc Trang; Nguyen Thi Diem Kieu - In: Journal of economic development 22 (2015) 4, pp. 2-25
Persistent link: https://www.econbiz.de/10011564781
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The two-sided effect of financial globalization on output volatility
Meller, Barbara - 2011
This paper provides evidence for a significant relation between international financial markets’ integration and output volatility. In the framework of a threshold model, it is shown empirically that this relation depends on country’s financial risk. Financial risk indicates a country’s...
Persistent link: https://www.econbiz.de/10009006765
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The Two-Sided Effect of Financial Globalization on Output Volatility
Meller, Barbara - 2016
This paper provides evidence for a significant relation between international financial markets' integration and output volatility. In the framework of a threshold model, it is shown empirically that this relation depends on country's financial risk. Financial risk indicates a country's ability...
Persistent link: https://www.econbiz.de/10012989231
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The Two-Sided Effect of Financial Globalization on Output Volatility
Meller, Barbara - 2009
This paper provides evidence for a significant relation between international financial markets integration and output volatility. In the framework of a threshold model, it is empirically shown that this relation depends on the financial risk of a country. Financial risk is defined as the...
Persistent link: https://www.econbiz.de/10014212827
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Capital Account Liberalization, Capital Flow Patterns, and Policy Responses in the Eu's New Member States
Árvai, Zsófia - 2008
This paper discusses the experience of the EU`s eight new member countries (EU8) between 1995 and 2003 when the bulk of capital account liberalization took place, focusing on interest-rate-sensitive portfolio flows and financial flows. It takes stock of the lessons from capital flow patterns to...
Persistent link: https://www.econbiz.de/10012774253
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Total Factor Productivity Growth at the Firm-Level : The Effects of Capital Account Liberalization
Li, Xiang - 2020
This paper is the first to provide firm-level evidence of the effect of capital account liberalization on firms' total factor productivity (TFP) growth. We find that a one standard deviation increase in capital account liberalization is significantly associated with 0.16 to 0.17 standard...
Persistent link: https://www.econbiz.de/10012832124
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The Link Between Capital Account Liberalization and Economic Growth : A Dynamic Panel Approach
Rachdi, Houssem; Saiidi, Hichem - 2008
The objective of this study is to rule on the correlation between liberalization of the capital account and economic growth. We were in particular interested in the channels of foreign direct investment and portfolio investment. Our empirical study was carried out on a sample of 100 developed...
Persistent link: https://www.econbiz.de/10014215694