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Crises, Capital Controls, and Financial Integration

Levy Yeyati, Eduardo; Schmukler, Sergio L.; Horen, … - 2012

This paper analyzes the effects of capital controls and crises on international financial integration, using data on stocks from emerging economies that trade in domestic and international markets. The cross-market premium (the ratio between the domestic and international market price of...

Persistent link: https://www.econbiz.de/10012552205

Financial integration and total factor productivity : in consideration of different capital controls and foreign direct investment

Arif‑Ur-Rahman, Md; Inaba, Kazuo - In: Journal of economic structures : JES; the official … 9 (2020) 25, pp. 1-20

There is a long debate among policymakers and academicians regarding whether assessments of international financial integration have significant growth benefits and whether such benefits compensate for the accompanied risks. Recent financial crisis has revived this debate. The previous empirical...

Persistent link: https://www.econbiz.de/10012256273

Swept by the tide? : the international comovement of capital flows

Lafuerza, Luis F.; Servén, Luis - 2019

This paper assesses the international comovement of gross capital flows in a setting simultaneously encompassing aggregate inflows and outflows. It uses as empirical framework a multilevel latent factor model, implemented on flow data for a large sample of countries over more than three decades....

Persistent link: https://www.econbiz.de/10012008280

A lost game of bank gargains : West Germany and international banking regulation between Bretton Woods and Basel I (1972-1988)

Kemmerer, Matthias - In: Jahrbuch für Wirtschaftsgeschichte 64 (2023) 2, pp. 339-375

Current theories of financial regulation suggest expanding rules-based formal state intervention to promote …-based informal co- and self-regulation through domestic (gentlemen's) agreements underpinned West German bank internationalisation … regulation, drawing on unused primary sources: Coalitions between the German regulating and regulated actors were bolstered by a …

Persistent link: https://www.econbiz.de/10014436557

Are All the Sacred Cows Dead? Implications of the Financial Crisis for Macro- and Financial Policies

Demirgüç-Kunt, Asli; Servén, Luis - 2010

The recent global financial crisis has shaken the confidence of industrial and developing countries alike in the very blueprint of the financial and macropolicies that underlie the Western capitalist systems. In an effort to contain the crisis from spreading, the authorities in the United States...

Persistent link: https://www.econbiz.de/10012561492

Are All the Sacred Cows Dead? Implications of the Financial Crisis for Macro and Financial Policies

Demirg????-Kunt, Asli; Serv??n, Luis - 2012

The recent global financial crisis has shaken the confidence of developed and developing countries alike in the very blueprint of financial and macro policies that underlie the western capitalist systems. In an effort to contain the crisis from spreading, the authorities in the US and many...

Persistent link: https://www.econbiz.de/10012551737

Interest rate repression : a new database

Calice, Pietro; Kalan, Federico Diaz; Masetti, Oliver - 2020

post Covid-19 world. To advance knowledge and inform policy advice, this paper presents a new database on interest rate …

Persistent link: https://www.econbiz.de/10012390603

Combating fiscal fraud and empowering regulators : bringing tax money back into the coffers

Unger, Brigitte (ed.); Rossel, Lucia (ed.); … - 2021

This book showcases a multidisciplinary set of work on the impact of regulatory innovation on the scale and nature of tax evasion, tax avoidance, and money laundering. We consider the international tax environment an ecosystem undergoing a period of rapid change as shocks such as the financial...

Persistent link: https://www.econbiz.de/10013488807

International Financial Integration through the Law of One Price : The Role of Liquidity and Capital Controls

Levy Yeyati, Eduardo; Schmukler, Sergio L.; Horen, … - 2009

This paper takes advantage of the fact that some stocks trade both in domestic and international markets to characterize the degree of international financial integration. The paper argues that the cross-market premium (the ratio between the domestic and the international market price of...

Persistent link: https://www.econbiz.de/10012561729

The asymmetric and non-linear relationship between capital flight and economic growth nexus

MacCarthy, John; Ahulu, Helena; Thor, Rose - In: Cogent economics & finance 10 (2022) 1, pp. 1-19

The paper sought to explore the effect of capital flight on the economic growth nexus in Ghana. The study used quarterly time series data from 1976 to 2020 to test three hypotheses. The paper used non-linear autoregressive distributive lagged employing unit root test, co-integration test, and...

Persistent link: https://www.econbiz.de/10013413493