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Cao, Dan - 2020

In this paper, we introduce our GDSGE framework and MATLAB toolbox for solving dynamic stochastic general equilibrium models with a novel global solution method. The framework encompasses many well-known incomplete markets models with highly nonlinear dynamics such as models on financial crises,...

Persistent link: https://www.econbiz.de/10012837842

What is Real and What is Not in the Global FDI Network?

Damgaard, Jannick - 2020

Macro statistics on foreign direct investment (FDI) are blurred by offshore centers withenormous inward and outward investment positions. This paper uses several new datasources, both macro and micro, to estimate the global FDI network while disentangling realinvestment and phantom investment...

Persistent link: https://www.econbiz.de/10012843512

What is Real and What is Not in the Global FDI Network?

Damgaard, Jannick - 2020

Macro statistics on foreign direct investment (FDI) are blurred by offshore financial centers with enormous inward and outward investment positions. This paper uses new data sources, both macro and micro, to estimate the global FDI network while disentangling real investment and phantom...

Persistent link: https://www.econbiz.de/10012843611

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/10012952087

Assessing Marginal, Threshold and Net Effects of Financial Globalisation on Financial Development in Africa

Asongu, Simplice - 2017

The present inquiry contributes to extant literature by simultaneously accounting for variations in financial development and financial globalisation in the assessment of hypothetical initial financial development conditions for the rewards of financial globalisation. For this purpose, we...

Persistent link: https://www.econbiz.de/10012956514

Frontier Stock Markets : Local vs Global Factors

Blackburn, Douglas W. - 2017

We study the returns of stocks from twenty-one frontier markets divided into the four regions of Europe, Africa, Middle East and Asia from January 2006 to June 2016. Factor mimicking portfolios based on market capitalization (SMB), book-to-market equity (HML), and momentum (WML) are constructed...

Persistent link: https://www.econbiz.de/10012961374

Consumer Protection Through Soft Law in an Era of Global Financial Crisis

Plato-Shinar, Ruth - 2019

The global financial crisis triggered a vast number of new laws and regulations at international level, including initiatives that can be classified as "soft law". The legitimacy and efficacy of these new norms are subject to intensive academic and political debates. At the same time, soft law...

Persistent link: https://www.econbiz.de/10012903436

Turbulence on the Global Economy influenced by Artificial Intelligence and Foreign Policy Inefficiencies

Osei Bonsu, Kwadwo - 2020

It is said that Data and Information are the new oil. One, who handles the data, handles the emerging future of the global economy. Complex algorithms and intelligence-based filter programs are utilized to manage, store, handle, and maneuver vast amounts of data for the fulfillment of specific...

Persistent link: https://www.econbiz.de/10012825615

Indirect Benefits of Financial Globalization : Evidence from Small Firms’ Growth Opportunities

Lee, Dong Wook - 2017

This paper measures the indirect impacts of financial globalization using the extent to which corporate growth … financial openness, again mostly for small firms. With the progress of financial globalization, small firms also invest more in … foreign capital but are subject to various changes in domestic institutions brought by financial globalization, our results …

Persistent link: https://www.econbiz.de/10012970141

Financial Globalisation Uncertainty/Instability Is Good for Financial Development

Asongu, Simplice - 2017

Purpose – This study assesses the effect of time-dynamic financial globalisation uncertainty on financial development in 53 African countries for the period 2000-2011.Design/methodology/approach – Financial globalisation uncertainty is estimated as time-dynamic to capture business cycle...

Persistent link: https://www.econbiz.de/10012970431