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Assessing the emerging global financial architecture : measuring the trilemma's configurations over time

Aizenman, Joshua (contributor); … - 2008

We develop a methodology that intuitively characterizes the choices countries have made with respect to the trilemma during the post Bretton-Woods period. The paper first outlines the new metrics for measuring the degree of exchange rate flexibility, monetary independence, and capital account...

Persistent link: https://www.econbiz.de/10003782457

Financial Openness and Growth : The Importance of Public and Private Sector Protections

Traub, Leah Goldman - 2007

Do more open financial economies grow faster? The short answer is yes, as long as certain policies are in place. This paper extends previous studies by analyzing how different legal protections interact with each other and with initial wealth to allow financial openness to enhance growth. I...

Persistent link: https://www.econbiz.de/10012728488

How Does Stability in Financial Openness Affect Growth?

Aslanoglu, Erhan - 2018

have impact on economic growth. Some channels are described within the theory originating from financial openness to …

Persistent link: https://www.econbiz.de/10012911420

Diffusion of technology and convergence of income among countries

Oz, Sumru - 2014 - Preliminary version; April 9, 2014

Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic mechanism of per capita income convergence among countries....

Persistent link: https://www.econbiz.de/10010251655

Capital flows : catalyst or hindrance to economic takeoffs?

Aizenman, Joshua; Sushko, Vladyslav - 2011

This paper applies a probit estimation to assess the relationship between economic takeoffs during 1950- 2000 and inflows of portfolio debt, portfolio equity, and FDI, controlling for country's stock of short-term external debt and commodity terms of trade. Average level of FDI inflows is...

Persistent link: https://www.econbiz.de/10009270029

Capital flows: catalyst or hindrance to economic takeoffs?

Aizenman, Joshua; Sushko, Vladyslav - 2011

This paper applies a probit estimation to assess the relationship between economic takeoffs during 1950-2000 and inflows of portfolio debt, portfolio equity, and FDI, controlling for country's stock of short-term external debt and commodity terms of trade. Average level of FDI inflows is...

Persistent link: https://www.econbiz.de/10009272046

Financial Globalization, Convergence, and Growth : The Role of Foreign Direct Investment

Neto, Delfim Gomes - 2013

Using a panel data set covering 139 countries over the 1970-2009 period, we empirically investigate the role of foreign direct investment on growth through diffusion of technology and innovation. Using an otherwise standard growth regression and regressions on productivity growth, we introduce a...

Persistent link: https://www.econbiz.de/10013080764

Financial Market Developments and Their Implications for Monetary Policy

Settlements, Bank for International - 2013

This volume features eight papers written for the conference quot;Financial market developments and their implications for monetary policyquot;. The event was jointly organised by the BIS Representative Office for Asia and the Pacific and Bank Negara Malaysia in Kuala Lumpur on 13 August 2007....

Persistent link: https://www.econbiz.de/10012753509

International Capital Flows, Returns and World Financial Integration

Evans, Martin D.D; Hnatkovska, Viktoria V. - 2012

in equity and debt markets. Such developments are often attributed to the increased integration of world financial … markets. We present a model that allows us to examine how greater integration in world financial markets affects the behavior … concentrated in bonds. As integration progresses and households gain access to world equity markets, the size and volatility of …

Persistent link: https://www.econbiz.de/10014062072

Growing Protectionism After The Financial Crisis : What is the Evidence?

Wiberg, Magnus; Wallen, Fabian - 2021

The weak global GDP growth since the financial crisis in 2007-2009 has coincided with unusually weak growth in global trade. Organisations that monitor international macro-economic development have identified growing protectionism – not least the increase in non-tariff barriers to trade, such...

Persistent link: https://www.econbiz.de/10013224809