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Financial development is vulnerable to social conflict. Conflict reduces the demand for domestic currency as a medium of exchange and a store of value. Conflict also leads to poor quality governance, including weak regulation of the financial system, thereby undermining the sustainability of...
Persistent link: https://www.econbiz.de/10010279092
In the age of globalization, the question whether inequality in the world rose or fell down, is a hot topic. Leading … (income) amongst world citizens. Despite their similar methodologies, they do not seem to agree about the conclusion. In the … no doubt that world inequality went down between the late 1970s and the late 1990s, has in fact calculated population …
Persistent link: https://www.econbiz.de/10010279136
countries have been somewhat lower, but significantly more volatile and less closely linkedd to- and influenced by- world stock …
Persistent link: https://www.econbiz.de/10011430024
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The literature has paid very little attention to a potential positive endogenous nexus between trade globalization and political liberalization. In this paper, I apply a structural approach to investigate two-way causality between the two based on the gravity trade theory, using data from a...
Persistent link: https://www.econbiz.de/10011470776
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This memo discusses effects of COVID-19 on interest rates through the lens of global movements in the natural real interest rate. While government spending and public debt issuance are likely to cause a rise in r*, r* may decline due to precautionary behaviour. The net effect is uncertain.
Persistent link: https://www.econbiz.de/10013326748
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Unbestritten kommt der Ausstattung und Qualität des Humankapitals eine immer größere Rolle für die Wettbewerbsfähigkeit eines Landes oder eines einzelnen Unternehmens zu. Dabei kann der Bestand an Humankapital zwar sowohl auf private als auch auf betriebliche oder staatliche...
Persistent link: https://www.econbiz.de/10014492470