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This paper is an attempt to provide an ideological postulation of Adam Smith and Karl Marx on globalization. This paper … industrialzation in Europe and later on in North America changed the pattern of demand in the world market. The two World wars and … Great Depression had shifted the economic power center from Europe to USA. The major political division of the world after …
Persistent link: https://www.econbiz.de/10014165883
Will the world run out of 'safe assets' and what would be the consequences on global financial stability? We argue that … in a world with competing private stores of value, the global economic system tends to favor the riskiest ones. Privately …
Persistent link: https://www.econbiz.de/10013064183
Questions have been raised regarding the role of low-tax offshore jurisdictions in the global financial crisis, based largely on evidence that many problematic asset-backed securities were issued from or listed in the Cayman Islands, Jersey, Ireland, and other ‘offshore' sites. However, there...
Persistent link: https://www.econbiz.de/10012967408
results confirm an interplay between a modern portfolio theory, Efficient Market Hypothesis (EMH), contract theory, and … general economic theory, and also provide new insights for stakeholders in investment decisions and strategies, cross …
Persistent link: https://www.econbiz.de/10012503437
-making bodies, the present article analyses the foundations for a new, evidence-based theory to explain the resilience of private …
Persistent link: https://www.econbiz.de/10012794045
the crisis in terms of a "grabbing hand" theory of the state. Results indicate that those economies that chose not to have …
Persistent link: https://www.econbiz.de/10014123233
Persistent link: https://www.econbiz.de/10012171395
The world is witnessing growing turbulence stemming from geopolitics and a tangible threat of economic disintegration …. There are some indications of globalization in retreat, international trade growth slowing down and a transition from … various trends around global economic integration and pushing towards de-globalization is extremely difficult. This paper aims …
Persistent link: https://www.econbiz.de/10014496726
This paper critically reviews the theoretical basis for the provision of the global financial safety net (GFSN) and provide a comprehensive database covering four elements of the GFSN (foreign exchange reserves, IMF financing, central bank swap lines and regional financing arrangements) for over...
Persistent link: https://www.econbiz.de/10011565481
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