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Asabiyya: re-interpreting value change in globalized societies

Tausch, Arno; Heshmati, Almas - 2009

. The World Values Survey provided a data framework of global value change, whose quantitative results led Barro (2004) to … is whether modernization without spiritual values in a globalized world economy and world society possible in the long … current world crisis is far more connected with these dimensions. We conclude that not a society based on fear is needed in …

Persistent link: https://www.econbiz.de/10010271305

The role of demographics in precipitating crises in financial institutions

Macunovich, Diane J. - 2009

There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...

Persistent link: https://www.econbiz.de/10010271339

Microfinance, commercialisation and ethics

Schmidt, Reinhard H. - 2008

This paper discusses the so-called commercial approach to microfinance under economic and ethical aspects. It first shows how microfinance has developed from a purely welfare-oriented activity to a commercially relevant line of banking business. The background of this stunning success is the...

Persistent link: https://www.econbiz.de/10010271345

Global liquidity, world savings glut and global policy coordination

Belke, Ansgar; Gros, Daniel - 2010

The global imbalances of the 2000s and the recent global financial crisis are intimately connected. Both originate in the combination of economic policies adopted by the two key economies, the US and China. Global financial markets served as a transmission belt, both during the boom as during...

Persistent link: https://www.econbiz.de/10010271353

Global imbalances and the current account adjustment process: An empirical analysis

Tippkötter, Marius - 2010

This paper investigates the impact of the exchange rate regime on the current account adjustment process. In a first step, the present analysis assesses previous empirical work supporting the predominant view that more flexible exchange rate regimes facilitate current account adjustments. Using...

Persistent link: https://www.econbiz.de/10010271366

Long memory and fractional integration in high frequency financial time series

Caporale, Guglielmo Maria; Gil-Alana, Luis A. - 2010

This paper analyses the long-memory properties of high frequency financial time series. It focuses on temporal aggregation and the influence that this might have on the degree of dependence of the series. Fractional integration or I(d) models are estimated with a variety of specifications for...

Persistent link: https://www.econbiz.de/10010271372

Violent conflict and inequality

Bircan, Cagatay; Brück, Tilman; Vothknecht, Marc - 2010

This paper analyzes the distributive impacts of violent conflicts, which is in contrast to previous literature that has focused on the other direction. We use cross-country panel data for the time period 1960-2005 to estimate war-related changes in income inequality. Our results indicate rising...

Persistent link: https://www.econbiz.de/10010271373

Financial crisis, global liquidity and monetary exit strategies

Belke, Ansgar - 2010

We develop a roadmap of how the ECB should further reduce the volume of money (money supply) and roll back credit easing in order to prevent inflation. The exits should be step-by-step rather than one-off. Communicating about the exit strategy must be an integral part of the exit strategy. Price...

Persistent link: https://www.econbiz.de/10010271374

Time-varying spot and futures oil price dynamics

Caporale, Guglielmo Maria; Ciferri, Davide; Girardi, … - 2010

We investigate the role of crude oil spot and futures prices in the process of price discovery by using a cost-of-carry model with an endogenous convenience yield and daily data over the period from January 1990 to December 2008. We provide evidence that futures markets play a more important...

Persistent link: https://www.econbiz.de/10010271375

Family location and caregiving patterns from an international perspective

Rainer, Helmut; Siedler, Thomas - 2010

This paper conducts a cross-national econometric analysis of intra-family location and caregiving patterns. First, we assess, from an international perspective, the relationship between family structure and the geographic proximity between adult children and their parents. We then examine...

Persistent link: https://www.econbiz.de/10010271386