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financial linkages with the rest of the world mean that it will still be affected by a shift in the current configuration of …
Persistent link: https://www.econbiz.de/10005599397
advantage. Financial globalization then induces more specialization and more trade. The present framework yields explicit closed …
Persistent link: https://www.econbiz.de/10005599412
a world economy that was characterized by widespread restrictions on international capital mobility. In contrast, the … rapid pace of financial globalization during recent years poses new challenges for the international monetary system. In … explores some of the interconnections between financial globalization and exchange rate adjustment and discusses the policy …
Persistent link: https://www.econbiz.de/10005599467
The paper investigates the determinants of business cycles synchronization across regions. It uses both international and intranational data to evaluate the linkages between trade in goods, trade in financial assets, specialization and business cycles synchronization using a system of...
Persistent link: https://www.econbiz.de/10005599637
This paper provides a general equilibrium analysis of the trade effects of the formation of a currency union, and of its subsequent enlargement to include an economically dissimilar country. Furthermore, it investigates how economic dissimilarities among countries affect the magnitude of the...
Persistent link: https://www.econbiz.de/10005604779
This paper provides an overview of the uncovered interest parity assumption. It traces the history of the interest parity concept, summarizes evidence on the empirical validity of uncovered interest parity, and discusses different interpretations of the evidence and the implications for...
Persistent link: https://www.econbiz.de/10005604875
the weight of U.S. liabilities in the rest of the world's stock of external assets. Finally, it relates the empirical …
Persistent link: https://www.econbiz.de/10005605075
Globalization has become the focus for a wide range of protests against various features of the world economy. This … paper aims to give a concise summary of the economic dimensions of globalization, while leaving to one side other aspects …—such as cultural, environmental, or political ones—that are beyond the scope of the IMF. Periods of increased globalization …
Persistent link: https://www.econbiz.de/10005605538
, which in turn will shape the patterns of globalization. Also, it should be done a theoretical analysis regarding how each …
Persistent link: https://www.econbiz.de/10005607159
Globalization refers to the emergence of a global society in which economic, political, environmental, and cultural … events in one part of the world quickly come to have significance for people in other parts of the world. Therefore …, globalization is a process leading to increasing integration of the national economies and diminishing importance of political …
Persistent link: https://www.econbiz.de/10005607160