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Business cycle volatility and globalization : a survey
Buch, Claudia M. - 2002
The globalization of capital and product markets has many implications for economic welfare. Countries can specialize in the production of goods for which they have comparative advantages, and capital is allocated more efficiently. However, one potentially adverse effect of globalization is the...
Persistent link: https://www.econbiz.de/10011474806
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Global business cycles: convergence or decoupling?
Kose, M. Ayhan (contributor);  … - 2008
This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groupsindustrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose...
Persistent link: https://www.econbiz.de/10003794406
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Global Business Cycles : Convergence or Decoupling?
Kose, M. Ayhan - 2016
This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups: industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose...
Persistent link: https://www.econbiz.de/10012991111
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Global Business Cycles : Convergence or Decoupling?
Kose, M. Ayhan; Otrok, Chris; Prasad, Eswar S. - 2008
This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups - industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose...
Persistent link: https://www.econbiz.de/10014219067
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Global Business Cycles : Convergence or Decoupling?
Kose, M. Ayhan; Otrok, Chris; Prasad, Eswar S. - 2021
This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups - industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose...
Persistent link: https://www.econbiz.de/10013325261
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Has globalization improved international risk sharing?
Antonakakis, Nikolaos; Scharler, Johann - In: International finance 15 (2012) 2, pp. 251-266
Persistent link: https://www.econbiz.de/10009745985
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How does financial globalization affect risk sharing? : Patterns and channels
Kose, M. Ayhan (contributor); Prasad, Eswar S. (contributor) - 2007
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 financial integration has affected the evolution of risk sharing … patterns. Using a variety of empirical techniques, we conclude that there is at best a modest degree of international risk …
Persistent link: https://www.econbiz.de/10003586563
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How does financial globalization affect risk sharing? : patterns and channels
Kose, M. Ayhan; Prasad, Eswar S.; Terrones, Marco E. - 2007
Persistent link: https://www.econbiz.de/10003615067
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How Does Financial Globalization Affect Risk Sharing? : Patterns and Channels
Terrones, Marco - 2007
risk sharing. This paper provides a comprehensive empirical evaluation of the patterns of risk sharing among different … a variety of empirical techniques, we conclude that there is at best a modest degree of international risk sharing, and … certainly nowhere near the levels predicted by theory. In addition, only industrial countries have attained better risk sharing …
Persistent link: https://www.econbiz.de/10014400319
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Defending an Emerging Economy from Global Financial Turbulences
Lee, Jong-Eun - 2014
The purpose of this article is to go back to basics of the international balance of payments to take a closer look at the roles of international reserves and related factors in the exchange rate managements of an emerging economy. It is a timely attempt because; (1) international reserves are...
Persistent link: https://www.econbiz.de/10013048681