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Globalization, Transparency and Economic Growth: The Vulnerability of Chinese Firms to Macroeconomic Shocks
Oxelheim, Lars - 2008
The process of globalization encompasses economic and financial integration. Abolition of capital controls and dismantling of barriers of different kinds are important ingredients of the process that will entirely change the exposure of previously sheltered companies to shocks on the global...
Persistent link: https://www.econbiz.de/10010320377
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China and the World economy: Wavelet spectrum analysis of business cycles
Poměnková, Jitka; Fidrmuc, Jarko; Korhonen, Iikka - 2014
-movement synchronization between G7 countries and China is shown to have undergone frequent and large changes during our sample period. The co-movements … synchronization and trade only for business-cycle frequencies. The co-movements at longer frequencies are negatively related to trade …, so that the overall co-movements and trade tend not to be significantly related. …
Persistent link: https://www.econbiz.de/10012148722
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Globalization, transparency and economic growth : the vulnerability of Chinese firms to macroeconomic shocks
Oxelheim, Lars (contributor) - 2008
The process of globalization encompasses economic and financial integration. The abolition of capital controls and the dismantling of barriers of different kinds will expose previously sheltered companies to shocks on the global economic arena. Policy-makers in already globalized countries have...
Persistent link: https://www.econbiz.de/10003757004
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Are the Antiglobalists Right? Gains-from-Trade Without a Walrasian Auctioneer
Calvo Pardo, Hector F. - 2007
We show that the `fear' of globalisation can be rationalised by economic theory in the standard AD/AS equilibrium model, if we substitute the coordinational role of the Auctioneer by an implementation device based on learning (Guesnerie, 1992). When endowing producers with a learning ability to...
Persistent link: https://www.econbiz.de/10012729828
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National Labour Markets, International Factor Mobility and Macroeconomic Instability
Aloi, Marta - 2006
We analyze how global economic integration of factor markets affects the stability of the macro economy, with respect to expectations-driven fluctuations, when countries differ in their labour market institutions. It is shown that, due to the occurrence of equilibrium indeterminacy,...
Persistent link: https://www.econbiz.de/10012732449
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China and the World Economy : Wavelet Spectrum Analysis of Business Cycles
Poměnková, Jitka - 2015
-movement synchronization between G7 countries and China is shown to have undergone frequent and large changes during our sample period. The co-movements … synchronization and trade only for business-cycle frequencies. The co-movements at longer frequencies are negatively related to trade …, so that the overall co-movements and trade tend not to be significantly related …
Persistent link: https://www.econbiz.de/10013034285
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The Triad in Crisis : What We Learned and How it Will Change Global Cooperation
Petri, Peter A. - 2010
This paper reviews the propagation of the 2008-2009 financial crisis through China, Japan and the United States (the "triad") and analyzes the responses of these countries from the viewpoints of achieving recovery and returning to a growth path that will be free of the imbalances that limit...
Persistent link: https://www.econbiz.de/10013147847
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China in the World Economy: Dynamic Correlation Analysis of Business Cycles
Jarko, Fidrmuc; Iikka, Korhonen; Ivana, Bátorová - Center for Economic Institutions, Institute of Economic … - 2011
We analyze globalization and business cycles in China and selected OECD countries using dynamic correlation analysis. We show that dynamic correlations of business cycles of OECD countries and China are negative at business-cycle frequencies and positive for short-run developments. Furthermore,...
Persistent link: https://www.econbiz.de/10009399625
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Financial Regulation, Financial Globalization and the Synchronization of Economic Activity
Kalemli-Ozcan, Sebnem - 2010
We identify the effect of financial integration on international business cycle synchronization, by utilizing a confidential database on banks' bilateral exposure and employing a country-pair panel instrumental variables approach. Countries that become more integrated over time have less...
Persistent link: https://www.econbiz.de/10013141875
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Globalization and Business Cycle Transmission
Artis, Michael; Okubo, Toshihiro - Research Institute for Economics and Business … - 2008
The paper uses long-run GDP data for developed countries drawn from Maddison (2003) to generate deviation cycles for the period from 1870 to 2001. The cyclical deviates are examined for their bilateral cross-correlation values in three separate periods, those of the first globalization wave...
Persistent link: https://www.econbiz.de/10005675546