complicated by globalization--the freer flow of goods, services, money, ideas and people across national borders. Its present …

spread immediately throughout the world owing to the globalization of banking. In the model, financial intermediaries (FIs … their net worths matter. Our model reveals that under FIs' globalization, adverse shocks that hit one country affect the …' globalization, net worth shock, and credit constraints are key to understanding the recent financial crisis. …

comments on where we are likely to go from here, making the point that globalization is still very much alive and that, like …

This paper develops a growth model aimed at understanding the effects of globalization of production on rate of … imitation. Globalization of production resulting from trade liberalization and imitation of the North’s technology by the South … globalization of production lowers the wage of Southern labor relative to that of its counterpart in the North. This poses a …

How should monetary policy be optimally designed in an environment with high degrees of financial globalization? To … versus pegged) shows that the impossible trinity is reversed: a higher degree of financial globalization, by inducing more …

The aim of this paper is to evaluate the impact of globalization, if any, on inflation and the inflation process. We … concluded that globalization has had no significant impact, this paper highlights that trying to capture globalization effects … trade volume statistics to properly describe the impact of globalization. This leads us to adopt a more systematic approach …