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, portfolio investment, equity investment, and shortterm debt. We follow about 100 countries during 1990-2010 when emerging …. -- Capital flows ; economic growth ; FDI ; portfolio investment ; equity investment ; short-term debt ; financial integration …
Persistent link: https://www.econbiz.de/10009316233
2008 was marked by major changes in the world economy: the international integration based on money and capital markets … fell into a deep crisis. This article examines how foreign direct investment - together with international trade - can … replace those money and capital markets in the role of integrator of the world economy. It does not aim to provide an all …
Persistent link: https://www.econbiz.de/10014209961
global investment, as well as intra-euro area trade, both of which are trade intensive. The slowdown in world trade growth …World trade growth was rapid in the two decades prior to the global financial crisis but has halved subsequently. There … world economy. Post the financial crisis global value chains started to unwind and, possibly associated with this, Chinese …
Persistent link: https://www.econbiz.de/10011578401
Recent studies have conjectured that there may be a link between financial liberalization and financial instability in emerging economies. Most of these studies, however, do not investigate whether emerging economies are becoming structurally more vulnerable to currency and banking crises. In...
Persistent link: https://www.econbiz.de/10010518147
In an integrated world, no country is free from a possible downturn in business cycles, which entails fluctuations of …
Persistent link: https://www.econbiz.de/10013120899
This study unites two streams of research by simultaneously focusing on the impact of financial globalisation on financial development and pre- and post-crisis dynamics of the investigated relationship. The empirical evidence is based on 53 African countries for the period 2004-2011 and...
Persistent link: https://www.econbiz.de/10011410623
This study unites two streams of research by simultaneously focusing on the impact of financial globalisation on financial development and pre- and post-crisis dynamics of the investigated relationship. The empirical evidence is based on 53 African countries for the period 2004-2011 and...
Persistent link: https://www.econbiz.de/10012251924
The main strength of today's international monetary system – its flexibility and adaptability to the different needs of its users – can also become its weakness, as it may contribute to unsustainable growth models and imbalances. The global financial crisis has shown that the system cannot...
Persistent link: https://www.econbiz.de/10013069527
In this paper we study the degree to which emerging markets (EMs) adjusted to the global liquidity crisis by drawing down their international reserves (IR). Overall, we find a mixed and complex picture. Intriguingly, only about half of the EMs depleted their IR as part of the adjustment...
Persistent link: https://www.econbiz.de/10013141989
A dynamic between foreign direct investment (FDI) and international trade, and the level of urbanization, has been …
Persistent link: https://www.econbiz.de/10014426338