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Globalization, Transparency and Economic Growth: The Vulnerability of Chinese Firms to Macroeconomic Shocks

Oxelheim, Lars - 2008

The process of globalization encompasses economic and financial integration. Abolition of capital controls and dismantling of barriers of different kinds are important ingredients of the process that will entirely change the exposure of previously sheltered companies to shocks on the global...

Persistent link: https://www.econbiz.de/10010320377

Globalization, transparency and economic growth : the vulnerability of Chinese firms to macroeconomic shocks

Oxelheim, Lars (contributor) - 2008

The process of globalization encompasses economic and financial integration. The abolition of capital controls and the dismantling of barriers of different kinds will expose previously sheltered companies to shocks on the global economic arena. Policy-makers in already globalized countries have...

Persistent link: https://www.econbiz.de/10003757004

Competition for internal funds within multinational banks : foreign affiliate lending in the crisis

Kerl, Cornelia; Frey, Rainer - 2012

We investigate how the lending activities of a multinational bank’s affiliates located abroad are affected by funding difficulties in view of the financial crisis. For this, we consider transaction-induced changes in long-term lending to the private sector of 40 countries by the affiliates of...

Persistent link: https://www.econbiz.de/10009625687

China's march to prosperity : reforms to avoid the middle-income trap

Koen, Vincent; Herd, Richard; Hill, Sam - 2013

China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...

Persistent link: https://www.econbiz.de/10010231008

Competition between foreign affiliates : multinational banks internal funding in the crisis ; conference paper

Kerl, Cornelia; Frey, Rainer - 2013

We investigate how the lending activities of a multinational bank s affiliates located abroad are affected by funding difficulties in view of the financial crisis. For this, we consider transaction-induced changes in long-term lending to the private sector of 40 countries by the affiliates of...

Persistent link: https://www.econbiz.de/10010338422

Firms in the Great Global Recession : The Role of Foreign Ownership and Financial Dependence

Kolasa, Marcin - 2011

This paper investigates the channels through which the global crisis of 2008-2009 spread to economic activity of an emerging, fast growing economy with sound macroeconomic fundamentals. On the basis of Polish firm-level data we find that a number of individual firm characteristics account for a...

Persistent link: https://www.econbiz.de/10013131269

Predictibilidad Del Mercado Accionario Colombiano (Stock Market Returns and Predictability in Colombia)

Lopez, Jose Ignacio - 2018

Spanish Abstract:</B> Con base en el universo de emisores del mercado de renta variable en Colombia se construye un índice de precios, retornos y dividendos para el período 1995- 2017. La serie de retornos totales del mercado accionario, que muestra un promedio histórico de 19.07% (0.60 en...

Persistent link: https://www.econbiz.de/10012926902

Redrawing the Map of Global Capital Flows : The Role of Cross-Border Financing and Tax Havens

Coppola, Antonio - 2020

restate bilateral investment positions to better reflect the true financial linkages connecting countries around the world. We … find that portfolio investment from developed countries to firms in large emerging markets is dramatically larger than … composition of external portfolio liabilities, the nature of foreign direct investment, and the growth of financial globalization …

Persistent link: https://www.econbiz.de/10012843191

Is High Profitability of MENA Banks Due to the Existence of Monopolistic Conditions in the Sector?

Vergos, Konstantinos P. - 2018

The study investigates the competitive conditions and profitability drivers of commercial banks in MENA region in the context of Panzar-Rosse model. It is the first study of its kind that examines a large sample of MENA banks (149 banks) for an extensive period (1999-2012) during an era of...

Persistent link: https://www.econbiz.de/10012936648

Choice of Currency in Bond Issuance and the International Role of Currencies

Siegfried, Nikolaus - 2009

This paper investigates bond issuance of non-financial corporations in advanced economies during the period 1999-2003, attempting to understand motives for issuing in foreign currency, and determinants for the choice of currency. We consider the following influences on the currency choice when...

Persistent link: https://www.econbiz.de/10012766990