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led to its spread to the rest of the world. On the theoretical side, we show that capital flows to the United States in …
Persistent link: https://www.econbiz.de/10011308147
empirically revisit the traditional financial development proxies relationship with economic growth after world's second greatest …
Persistent link: https://www.econbiz.de/10012952859
Stability is destabilizing. These three words concisely capture the insight that underlies Hyman Minsky's analysis of the economy's transformation over the entire postwar period. The basic thesis is that the dynamic forces of a capitalist economy are explosive and must be contained by...
Persistent link: https://www.econbiz.de/10008906540
Stability is destabilizing. These three words concisely capture the insight that underlies Hyman Minsky's analysis of the economy's transformation over the entire postwar period. The basic thesis is that the dynamic forces of a capitalist economy are explosive and must be contained by...
Persistent link: https://www.econbiz.de/10013128003
In the first era of financial globalization (1880-1914), global capital market integration led to substantial net … capital movements from rich to poor economies. The historical experience stands in contrast to the contemporary globalization … movements. -- capital market integration ; financial globalization ; economic history …
Persistent link: https://www.econbiz.de/10003655033
history of the first era of financial globalization (1880-1914) for new insights. Based on a newly compiled data set, we test …, but no longer does so today. Unlike its historical predecessor, the current wave of financial globalization has not …
Persistent link: https://www.econbiz.de/10013139547
The recent crisis has redrawn attention to financial globalization. Dilip Das examines under what circumstances it can …
Persistent link: https://www.econbiz.de/10012053871
there is no strong association between the globalisation indicators and innovation suggests that the fragmentation of value … chains leads to functional specialisation in tasks and tends to weaken the link between innovation and production at country …
Persistent link: https://www.econbiz.de/10012584810
The global financial crisis forcefully highlighted the importance of curbing the impact of large and volatile capital inflows on growth and financial stability in developing countries. It led the IMF to reconsider its long-standing rejection of capital controls. Yet its new ‘macroeconomic...
Persistent link: https://www.econbiz.de/10013114139
economic growth of peripheral economies during the so-called first age of financial globalization before 1914. For this paper … globalization. Our temptative explanation for this marked difference between now and then stresses property rights protection as a …
Persistent link: https://www.econbiz.de/10011793640