Showing 1 - 10 of 1,158
This paper surveys the literature on the relationship between international trade and inclusive growth. It examines claims that the rise in inequality in many countries can be attributed to the concurrent rise in trade competition, especially from EMEs like China, spurring trade tensions and...
Persistent link: https://www.econbiz.de/10012518909
This paper examines the impact of trade on employment, wages, and other outcomes across countries and explores the conditions and policies that help spread the gains from trade more evenly throughout the population. We exploit a large global firm-level dataset to examine the impact of import...
Persistent link: https://www.econbiz.de/10012605685
This paper proposes a stylized sequencing of banking supervision and bank restructuring measures designed to complement and expedite the adoption of indirect instruments of monetary policy. Appropriate sequencing reflects both operational considerations and macroeconomic effects of structural...
Persistent link: https://www.econbiz.de/10014395923
This paper puts together a set of stylized facts of the corporate sector dynamics of systemic financial crises based on recent crisis episodes with a view to identifying the key issues and their policy implications. The evidence suggests that corporate crisis dynamics arc triggered by a cutoff...
Persistent link: https://www.econbiz.de/10014399838
since declined, contributing negatively to world trade in 2019 and suggesting that the global market may now be saturated …
Persistent link: https://www.econbiz.de/10012251397
globalization (1985-2005), there has been some convergence of business cycle fluctuations among the group of industrial economies …
Persistent link: https://www.econbiz.de/10014401282
and internationalization exhibit uneven patterns across world regions. Trends in consolidation and conglomeration indicate …
Persistent link: https://www.econbiz.de/10014401292
This paper revisits the relative importance of global versus country-specific factors underlying stock returns. It constructs a new firm level data set covering emerging and developed markets and estimates a simple factor model, which breaks down stock returns into a global business cycle...
Persistent link: https://www.econbiz.de/10014401448
The literature on the benefits and costs of financial globalization for developing countries has exploded in recent … macroeconomic effects of financial globalization, in terms of both growth and volatility. Overall, our critical reading of the … financial globalization, but with many nuances. On the other hand, there is little systematic evidence to support widely cited …
Persistent link: https://www.econbiz.de/10014401981
points during two waves of financial globalization (1870-1913 and the present time). The data are drawn from primary sources …
Persistent link: https://www.econbiz.de/10014402036