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Financial Globalization and Inequality : Capital Flows as a Two-Edged Sword

Eichengreen, Barry; Csonto, Balazs; ElGanainy, Asmaa A; … - 2021

We review the debate on the association of financial globalization with inequality. We show that the within …-market specific - is important for facilitating wider sharing of the benefits of financial globalization …

Persistent link: https://www.econbiz.de/10013243076

The Distribution of Gains from Globalization

Lang, Valentin - 2018

We study economic globalization as a multidimensional process and investigate its effect on incomes. In a panel of 147 … countries during 1970-2014, we apply a new instrumental variable, exploiting globalization's geographically diffusive character …, and find differential gains from globalization both across and within countries: Income gains are substantial for …

Persistent link: https://www.econbiz.de/10012922630

Measuring Competitiveness in a World of Global Value Chains

Bayoumi, Tamim A. - 2018

All common real effective exchange rate indexes assume trade is only in final goods, despite the growing presence of global supply chains. Extending effective exchange rate indexes to include such intermediate goods can imply radically different effective exchange rate weights, depending on the...

Persistent link: https://www.econbiz.de/10012906887

Global Declining Competition

Díez, Federico - 2019

power in global markets. First, competition has declinedaround the world, measured as a moderate increase in average firm …

Persistent link: https://www.econbiz.de/10012869288

The Inflexible Structure of Global Supply Chains

Bayoumi, Tamim A. - 2019

The rise of global supply chains has had profound effects on individual economies and the global trading system, thereby complicating standard macroeconomic analyses. For many of the new and challenging questions brought about by this phenomenon, such as its impact on the global business cycle...

Persistent link: https://www.econbiz.de/10012860988

Globalization and the Future of Social Protection

Tanzi, Vito - 2021

. This paper argues that globalization will affect governments` ability to continue providing this social protection at the …

Persistent link: https://www.econbiz.de/10013317958

The Impact of International Migration on Inclusive Growth : A Review

Koczan, Zsoka; Peri, Giovanni; Pinat, Magali; Rozhkov, … - 2022

International migration is an important channel of material improvement for individuals and their offspring. The movement of people across country borders, especially from less developed to richer countries, has a substantial impact in several dimensions. First, it affects the migrants...

Persistent link: https://www.econbiz.de/10013305681

Policy Space Index : Short-Term Response to a Catastrophic Event

Ferrer, José; Kireyev, Alexei - 2022

What policy space does a country have for a short-term response to a catastrophic event? To quantify this space, the paper proposes a policy space index. The index combines a quantitative, albeit relatively limited and narrow, fiscal space concept with the indicators of nominal monetary space...

Persistent link: https://www.econbiz.de/10014081237

Emerging Markets : Prospects and Challenges

Gudmundsson, Tryggvi; Kljuev, Vladimir Vladimirovič; … - 2022

This article documents recent developments in emerging markets in the context of the COVID-19 pandemic, assesses their prospects and challenges, and discusses appropriate policy settings for the medium term. It argues that EM policymakers’ ability to grapple with an incomplete and uneven...

Persistent link: https://www.econbiz.de/10013295123

How Do Regulations of Entry and Credit Access Relate to Industry Competition? International Evidence

Igan, Deniz - 2018

We examine the extent to which regulations of entry and credit access are related to competition using data on 28 manufacturing sectors across 64 countries. A robust finding is that bureaucratic and costly entry regulations tend to hamper competition, as proxied by the price-cost margin, in the...

Persistent link: https://www.econbiz.de/10012918554