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economies (i.e. successful integrators in the world economy), after a succession of financial crises in the 1990s (from Mexico … very indebted countries face difficulties to integrate into world trade due to a lack of access to private capital markets …
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We revisit the effects of globalisation over the past 50 years in a large sample of advanced and emerging countries. We use accessions to \Globalisation Clubs" (WTO, OECD, EU), financial liberalisation and an instrument for trade openness to study the trade-off between efficiency (proxied by...
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The paper explores empirically the links between the WTO-driven liberalization of trade in financial services and the stability of national financial systems. Econometric testing of indicators intended to proxy financial sector stability-subdivided into exchange rate and banking sector...
Persistent link: https://www.econbiz.de/10014399570
. In order to do so, we rely on a multi-region world overlapping generations model (INGENUE2). The rich modeling framework …
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