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The global imbalances of the 2000s and the recent global financial crisis are intimately connected. Both originate in the combination of economic policies adopted by the two key economies, the US and China. Global financial markets served as a transmission belt, both during the boom as during...
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within the Sub-Saharan African (SSA) economies. With a re-specified inter-temporal consumption framework, the savings … and techniques were employed. The long-run correlation of savings and investments were investigated with the use of robust … economies are significantly and substantially financed by global savings. This implies that global integration has increased in …
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In theory, one of the main benefits of financial globalization is that it should allow for more efficient international risk sharing. In this paper, we provide a comprehensive empirical evaluation of the patterns of risk sharing among different groups of countries and examine how international...
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