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glutʺ observed in the era of advancing financial globalization. The supposed paradox is that the developing world has … States’ position as issuer of the world’s premiere reserve currency and supremacy in global finance explain the related …
Persistent link: https://www.econbiz.de/10003727283
with those of the rest of the world. We analyse the relative importance of US, country-specific, and global variables as …. Global and national risk indicators perform better in explaining "rest of the world" flows. Moreover, we find that the … correlation between US and rest of the world flows peaks in periods of elevated uncertainty. We interpret our findings as evidence …
Persistent link: https://www.econbiz.de/10011975553
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Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of its double … monetary system, in which all the countries have a decision weight. In particular, I think that globalization and …
Persistent link: https://www.econbiz.de/10003905051
Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of dollar … monetary system of block regional currencies. Globalization and regionalization should be the two forces leading towards the …
Persistent link: https://www.econbiz.de/10008648332
Persistent link: https://www.econbiz.de/10003380244
Persistent link: https://www.econbiz.de/10011586157
The recent crisis highlighted the importance of globally active banks in linking markets. One channel for this linkage is the liquidity management of these banks, specifically the regular flow of funds between parent banks and their affiliates in diverse foreign markets. We use the Great...
Persistent link: https://www.econbiz.de/10009266718
We document a robust relation between corporate tax differentials and US international financial integration (IFI). While this is the case for traditional IFI based on cross-border positions, the positive link also emerges for its larger consolidated-by-nationality version. The gap between these...
Persistent link: https://www.econbiz.de/10014492188
surprising development is attributable largely to rapid financial globalization, with cross-border flows worldwide rising as fast … if the current wave of globalization subsided or the rate at which U.S. investors buy foreign assets increased …
Persistent link: https://www.econbiz.de/10014221312