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Foreign Vulnerabilities, Domestic Risks : The Global Drivers of GDP-at-Risk

Lloyd, Simon; Manuel, Ed; Panchev, Konstantin - 2021

We study how foreign financial developments influence the conditional distribution of domestic GDP growth. Within a quantile regression setup, we propose a method to parsimoniously account for foreign vulnerabilities using bilateral-exposure weights when assessing downside macroeconomic risks....

Persistent link: https://www.econbiz.de/10013211974

Globalization and the Output-Inflation Tradeoff : New Time Series Evidence

Eijffinger, Sylvester C. W. - 2010

Recent cross-country studies on the globalization and output-inflation tradeoff correlation find openness has no …-country studies, we find globalization has significantly changed some major industrialized countries' output inflation tradeoff. This …

Persistent link: https://www.econbiz.de/10013146796

Do Implicit Barriers Matter for Globalization?

Carrieri, Francesca - 2010

Market liberalization may not result in global pricing or full market integration if implicit barriers are important. We use the conditional version of the Errunza and Losq (1985) model to estimate pricing of investable indices for 22 emerging markets and test this proposition. Our results show...

Persistent link: https://www.econbiz.de/10013147381

Innovation Efficiency, Global Diversification, and Firm Value

Gao, Wenlian - 2014

This paper investigates whether multinational firms are less or more efficient in innovation activities than domestic firms. Using patents and citations scaled by R&D expenses and R&D capital as measures of innovation efficiency, we find that multinational firms have lower levels of innovation...

Persistent link: https://www.econbiz.de/10013062836

The Global Impact of State Capital

Gilligan, George - 2014

This paper examines the nature of state capital, its increasing prevalence and impacts in the global economy, and the implications of current state capital trends for Australia. The paper classifies several key state capital actors and maps their scale, scope and investment strategies in both...

Persistent link: https://www.econbiz.de/10013063233

Financial Crisis, Financial Globalization and Financial Development in Africa

Asongu, Simplice - 2020

This study unites two streams of research by simultaneously focusing on the impact of financial globalization on …, whereas marginal effects from financial globalization are positive on financial dynamics of activity and size, corresponding … net effects (positive thresholds) are negative (within range). Second, while decreasing financial globalization returns …

Persistent link: https://www.econbiz.de/10012828376

Global Financial Transmission of Monetary Policy Shocks

Ehrmann, Michael; Fratzscher, Marcel - 2021

The paper shows that US monetary policy has been an important determinant of global equity markets. Analysing 50 equity markets worldwide, we find that returns fall on average around 3.8% in response to a 100 basis point tightening of US monetary policy, ranging from a zero response in some to a...

Persistent link: https://www.econbiz.de/10013317648

Economic freedom and antisemitism

Berggren, Niclas; Nilsson, Therese - 2020

We examine how variation in antisemitism across countries can be explained by economic freedom. We propose two mechanisms. First, the more economic freedom, the greater the scope of market activities. If people perceive the consequences of the market economy as detrimental, they will be more...

Persistent link: https://www.econbiz.de/10012292417

Financial crisis, financial globalisation and financial development in Africa

Asongu, Simplice; Nnanna, Joseph - 2020

This study unites two streams of research by simultaneously focusing on the impact of financial globalisation on financial development and pre- and post-crisis dynamics of the investigated relationship. The empirical evidence is based on 53 African countries for the period 2004-2011 and...

Persistent link: https://www.econbiz.de/10012251924

Does globalization promote good governance in Africa? : an empirical study across 51 countries

Asongu, Simplice - 2017

This study investigates the effect of globalisation on governance in 51 African countries for the period 1996-2011. Four bundled governance indicators and four globalisation (political, economic, social and general) variables are used. The empirical evidence is based on Instrumental Variable...

Persistent link: https://www.econbiz.de/10011698473