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Rising Income Inequality : Technology, or Trade and Financial Globalization?

Papageorgiou, Chris - 2008

We examine the relationship between trade and financial globalization and the rise in inequality in most countries in … recent decades. We find technological progress as having a greater impact than globalization on inequality. The limited … overall impact of globalization reflects two offsetting tendencies: whereas trade globalization is associated with a reduction …

Persistent link: https://www.econbiz.de/10014409050

Long Live Globalization: Geopolitical Shocks and International Trade

Cevik, Serhan - 2023

Are we really witnessing the death of globalization? A multitude of shocks over the past three years has unsettled the …

Persistent link: https://www.econbiz.de/10015058985

International Capital Flows and Debt Dynamics

Evans, Martin D. D. - International Monetary Fund (IMF) - 2012

This paper presents a new model for studying international capital flows and debt dynamics that emphasizes the role played by expectations concerning future trade flows and returns. I use the model to estimate the drivers of the U.S. external position and capital flows between 1973 and 2008. The...

Persistent link: https://www.econbiz.de/10010790339

Financial Integration and Rebalancing in Asia

Unteroberdoerster, Olaf; Pongsaparn, Runchana - International Monetary Fund (IMF) - 2011

The paper shows that Asia's degree of financial integration, both with the world and within the region remains low by various measures. The paper also provides empirical evidence that greater financial integration can support economic rebalancing in statistically meaningful ways. The implication...

Persistent link: https://www.econbiz.de/10009369446

International Financial Integration

Lane, Philip R.; Milesi-Ferretti, Gian-Maria - International Monetary Fund (IMF) - 2003

In recent decades, the foreign assets and liabilities of advanced economies have grown rapidly relative to GDP, with the increase in gross cross-holdings far exceeding changes in the size of net positions. Moreover, the portfolio equity and FDI categories have grown in importance relative to...

Persistent link: https://www.econbiz.de/10005768766

A Global Perspectiveon External Positions

Milesi-Ferretti, Gian-Maria; Lane, Philip R. - International Monetary Fund (IMF) - 2005

This paper highlights the increased dispersion in net external positions in recent years, particularly among industrial countries. It provides a simple accounting framework that disentangles the factors driving the accumulation of external assets and liabilities (such as trade imbalances,...

Persistent link: https://www.econbiz.de/10005605075

The External Wealth of Nations Mark II; Revised and Extended Estimates of Foreign Assets and Liabilities, 1970-2004

Lane, Philip R.; Milesi-Ferretti, Gian-Maria - International Monetary Fund (IMF) - 2006

We construct estimates of external assets and liabilities for 145 countries for the period 1970-2004. We describe our estimation methods and present key features of the data at the country and the global level. We focus on trends in net and gross external positions, and the composition of...

Persistent link: https://www.econbiz.de/10005826601

Rising Income Inequality; Technology, o+L3904r Trade and Financial Globalization?

Papageorgiou, Chris; Lall, Subir; Jaumotte, Florence - International Monetary Fund (IMF) - 2008

Persistent link: https://www.econbiz.de/10005263792

European Financial Linkages; A New Look At Imbalances

International Monetary Fund (IMF); International … - 2010

We document external investment positions among European Union countries at the start of the financial crisis through the creation of a new database comprising bilateral external financial asset and liabilities, excluding reserve assets and derivatives. While there are some gaps in the data, the...

Persistent link: https://www.econbiz.de/10008839331

The Internationalization of China's Equity Markets

Cortina, Juan - 2023

China's equity markets internationalization process started in the early 2000s but accelerated after 2012, when Chinese firms' shares listed in Shanghai and Shenzhen gradually became available to international investors. This paper studies the effects of the post-2012 internationalization events...

Persistent link: https://www.econbiz.de/10015059718