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To obtain benefits from capital globalization, it is necessary for the domestic financial market to be well …-developed and regulated. This paper analyzes the effect of capital globalization on the financial system from an institutional … financial integration. The empiric evidence suggests that capital globalization has a positive relationship with the …
Persistent link: https://www.econbiz.de/10005747256
This paper extends the economic growth model tested by Levine and Zervos (1998) by including a measure for capital …
Persistent link: https://www.econbiz.de/10013121128
This paper extends the output growth model tested by Levine and Zervos (1998) by including a channel for capital …
Persistent link: https://www.econbiz.de/10013088911
This paper extends the output growth model tested by Levine and Zervos (1998) by including a channel for capital …
Persistent link: https://www.econbiz.de/10013090426
Persistent link: https://www.econbiz.de/10005357232
The removal of barriers to trade and mobility is usually promoted as it allows for greater division of labor and, thereby, for improved economic welfare. Recent theory, however, suggests that the integration of markets might have serious consequences for the regional allocation of economic...
Persistent link: https://www.econbiz.de/10005155278
This paper examines price and inflation convergence between three European countries (Italy, Spain and the UK) and a European idiosyncratic average and, alternatively, between them and Germany since the beginning of the 80's.
Persistent link: https://www.econbiz.de/10005777125
This paper looks at what would have been the impact of replacing the three European currencies by the Ecu in the SDR. The results suggest that SDR value would have been relatively unaffected by such a change, even in periods of instability on the foreign exchange markets.
Persistent link: https://www.econbiz.de/10005035753
Persistent link: https://www.econbiz.de/10005618763
The removal of barriers to trade and mobility is usually promoted as it allows for greater division of labor and, thereby, for improved economic welfare. Recent theory, however, suggests that the integration of markets might have serious consequences for the regional allocation of economic...
Persistent link: https://www.econbiz.de/10005657325