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This paper provides a quantitative assessment of the relative importance of global structural shocks for changes in financial conditions across a sample of emerging market economies. We disentangle four key drivers of global financial markets (oil supply shocks, global economic news shocks,...
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This lecture examines whether financial globalization is beneficial to developing countries by first examining the … to examine whether globalization, particularly of the financial kind, can help encourage financial and economic … development and argues that it can. However, financial globalization does not always work to encourage economic development …
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This lecture examines whether financial globalization is beneficial to developing countries by first examining the … to examine whether globalization, particularly of the financial kind, can help encourage financial and economic … development and argues that it can. However, financial globalization does not always work to encourage economic development …
Persistent link: https://www.econbiz.de/10012466780
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The global financial crisis since 2008 revived the debate on whether or not and to what extent financial development contributes to economic growth. This paper reviews different theoretical schools of thought and empirical findings on this nexus, building on which we aim to develop a unified,...
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