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"Today, the United States seems to be taking a leading role in anti-globalization. What impact will this have on the … future of globalization and the development of the world economy? How should developing countries respond to the changes … countermeasures in the face of the globalization crisis. The author shares his in-depth thinking on many trending issues such as …
Persistent link: https://www.econbiz.de/10013477671
We examine the impact of the last five decades of financial globalization on world GDP and income distribution, using a … pattern Unbalanced Financial Globalization. We then simulate a counterfactual trajectory of the world economy where the RKO … wedges are fixed at their pre-globalization levels. We find that unbalanced financial globalization led to a worsening of …
Persistent link: https://www.econbiz.de/10014340224
This paper will attempt to provide a comprehensive review and introduce the concept of international financial integration. In addition, it provides a review on the available indicators used as proxies for international financial integration in empirical studies. It also proposes a more detailed...
Persistent link: https://www.econbiz.de/10009481937
The rapid increase in international capital flows is one of the most significant developments in the global economy in recent decades. International portfolio diversification brings potential benefits to investors by offering investors the opportunity to insulate their portfolios from domestic...
Persistent link: https://www.econbiz.de/10009482029
There has been an increase in the degree of international financial integration over the last two decades. Countries are trying to remove the restrictions on cross-border capital movement, deregulate the domestic financial markets and offer competitive investment environment to encourage...
Persistent link: https://www.econbiz.de/10009482107
This exploratory issue paper begins with a statement by Joseph Stiglitz, Nobel Laureate in Economic Sciences, which outlines what a well-functioning global financial system would achieve, followed by his dry statement that the current global financial system does none of these things. The paper...
Persistent link: https://www.econbiz.de/10009482147
We examine the impact of the last five decades of financial globalization on world GDP and income distribution, using a … pattern Unbalanced Financial Globalization. We then simulate a counterfactual trajectory of the world economy where the RKO … wedges are fixed at their pre-globalization levels. We find that unbalanced financial globalization led to a worsening of …
Persistent link: https://www.econbiz.de/10014377616
Persistent link: https://www.econbiz.de/10000641757
globalization, free trade agreements, the large current account deficits of the US, the prospects for exchange rates, and the calls …
Persistent link: https://www.econbiz.de/10009432089
Persistent link: https://www.econbiz.de/10003446764