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Persistent link: https://www.econbiz.de/10015057749
Frontmatter -- Contents -- Introduction. Commodity Chains in Theory and in Latin American History -- 1 The Spanish-American Silver Peso: Export Commodity and Global Money of the Ancien Regime, 1550-1800 -- 2 Indigo Commodity Chains in the Spanish and British Empires, 1560-1860 -- 3 Mexican...
Persistent link: https://www.econbiz.de/10014488465
Examining the commodity chains that have connected producers in Latin America with consumers around the world for 500 years, this work follows a specific commodity from its inception, through its development and transport, to its final destination in the hands of consumers
Persistent link: https://www.econbiz.de/10003283372
Globalization—the intensification of international trade and finance linkages underpinned by economic liberalization and technological change—presents both challenges and opportunities to Arab countries. After reviewing this region’s disappointing performance in integration and growth,...
Persistent link: https://www.econbiz.de/10014403250
This paper argues that as countries open their capital regimes, the appropriate fiscal stance should become more conservative than when capital is immobile. Further fiscal adjustment may be necessary in the face of large and volatile capital flows. However, the required changes would be smaller....
Persistent link: https://www.econbiz.de/10014403345
The paper argues that the endogenous behavior of monetary authorities provides an important channel through which fiscal policy influences financial variables, and that growing internationalization has increased the sensitivity of financial conditions to fiscal policy. The core of the argument...
Persistent link: https://www.econbiz.de/10014396354
This paper highlights the increased dispersion in net external positions in recent years, particularly among industrial countries. It provides a simple accounting framework that disentangles the factors driving the accumulation of external assets and liabilities (such as trade imbalances,...
Persistent link: https://www.econbiz.de/10014404202
In recent years financial globalization and benign global market conditions have helped emerging markets in their external financing and budgetary positions. This paper examines three related issues: (i) the importance of the impact of the benign financial environment on fiscal performance; (ii)...
Persistent link: https://www.econbiz.de/10014404213
The role of the yen in the International financial system is reconsidered from a comparative (historical) approach. Compared with the D-Mark in the postwar years, the limited use of the yen results not so much from regulations on capital movements as from the structure and behavior of Japanese...
Persistent link: https://www.econbiz.de/10014398125
When a country''s banking system becomes more linked to the global banking network, does that system get more or less prone to a banking crisis? Using model simulations and econometric estimates based on a world-wide dataset, we find an M-shaped relationship between financial stability of a...
Persistent link: https://www.econbiz.de/10014398526