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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
problems is the imperfection of the production process. Innovations stimulate the improvement of the production process and … the role of innovations in overcoming global economic problems. To verify the hypothesis, the authors use analysis of … and in perspective and determine the role of innovations in overcoming these global economic problems. The offered …
Persistent link: https://www.econbiz.de/10011632429
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
In the wake of the global crisis the International Monetary Fund (IMF) increased its exposure to low-and middle-income countries and boosted the overhaul of its lending approach to enhance its role in preventing crises. This paper tests whether IMF lending has targeted countries most affected by...
Persistent link: https://www.econbiz.de/10013068299
Developing countries are the least to blame for the outbreak of the financial crisis, but they are destined to suffer the most dramatic and long-lasting consequences. This chapter focuses on the early responses of the International Monetary Fund to the present crisis in low- and middle-income...
Persistent link: https://www.econbiz.de/10013147496
In this paper, I explore the politically contested association between the degree of capitalism, captured by measures of economic freedom, and the risk and characteristics of economic crisis. After offering some brief theoretical considerations, I estimate the effects of economic freedom on...
Persistent link: https://www.econbiz.de/10010472517