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process of financial globalization. Our central findings indicate that policies promoting financial sector development …, institutional quality, and trade openness appear to help developing countries derive the benefits of globalization. Similarly, sound … unavoidable inherent tensions in evaluating the risks and benefits associated with financial globalization. In the light of these …
Persistent link: https://www.econbiz.de/10014025737
This work is aiming primarily at discussing the thesis that the search for new currency systems in World Economy is not … developing countries and Economy of Turkey will be focused on. Considering that the world trade volume and movements of currency … foundations such as IMF, World Bank, Unido, OECD and UNCTAD. For instance, we have to opportunity to explain, why in spite of its …
Persistent link: https://www.econbiz.de/10013095438
globalization, this paper sets out to investigate the opportunity costs of self-insurance through precautionary reserve holdings. We … developing countries are explored, designed to limit both the risks of financial globalization and the costs of insurance … ; financial globalization ; capital flows ; financial crises ; capital controls ; foreign reserves …
Persistent link: https://www.econbiz.de/10003807715
globalization remains open to debate in the literature. In this paper, we try to put some empirical structure on the concept of … object is to assess if financial benefits of financial globalization are questionable until greater domestic financial … financial development benefits of financial globalization. The estimation approach consists of assessing the impact of financial …
Persistent link: https://www.econbiz.de/10011410250
and Structure Database of the World Bank are employed, namely: financial depth (money supply and liquid liabilities … Financial Development and Structure Database of the World Bank. …
Persistent link: https://www.econbiz.de/10011410631
Despite the measures that have already been put in place to strengthen the international financial architecture in the wake of the Asian financial crisis, still much remain to be done. This paper tried to distinguish developing economies' views, in general, and East Asian views, in particular,...
Persistent link: https://www.econbiz.de/10011437511
Alexander Swoboda is one of the originators of the bipolar view that capital mobility creates pressure for countries to abandon intermediate exchange rate arrangements in favor of greater flexibility and harder pegs. This paper takes another look at the evidence for this hypothesis using two...
Persistent link: https://www.econbiz.de/10012759200
Alexander Swoboda is one of the originators of the bipolar view that capital mobility creates pressure for countries to abandon intermediate exchange rate arrangements in favor of greater flexibility and harder pegs. This paper takes another look at the evidence for this hypothesis using two...
Persistent link: https://www.econbiz.de/10012464545
Since Friedman (1953), an advantage often attributed to flexible exchange rate regimes over fixed regimes is their ability to insulate more effectively the economy against real shocks. I use a post-Bretton Woods sample (1973-96) of seventy-five developing countries to assess whether the...
Persistent link: https://www.econbiz.de/10014056753
Persistent link: https://www.econbiz.de/10012625510