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Rulemaking in super-RTAs : implications for China and India

Karmakar, Suparna - 2014

The faltering Doha round has led to a renewed focus on large regional trade agreements. There are two super-RTAs in the making in the Asia-Pacific and one in the Atlantic, all with rather ambitious negotiation targets, and presented as alternate means to reset global trade rules and take the...

Persistent link: https://www.econbiz.de/10010354724

Changing trade patterns, unchanging European and global governance

O'Neill, Jim; Terzi, Alessio - 2014

The world economy is going through its biggest transformation in a relatively short space time. There have been many … seems little understood. In turn, there has been little preparation for, or adjustment to, this changing world, though if …. We highlight the dramatic degree of the shifts taking place in world GDP and trade and include fresh projections of what …

Persistent link: https://www.econbiz.de/10010354737

Some are more equal than others : new estimates of global and regional inequality

Darvas, Zsolt M. - 2016

at a level similar to market inequality in other parts of the world, but net inequality (after taxes and transfers) is at …

Persistent link: https://www.econbiz.de/10011613838

The grand divergence : global and European current account surpluses

Darvas, Zsolt M. - 2015

Global current account imbalances widened before the 2007/2008 crisis and have narrowed since. While the post-crisis adjustment of European current account deficits was in line with global developments (though more forceful), European current account surpluses defied global trends and increased....

Persistent link: https://www.econbiz.de/10011308003

The political economy of financial crisis policy

O'Keeffe, Mícheál; Terzi, Alessio - 2015

Government intervention to stabilise financial systems in times of banking crises ultimately involves political decisions. This paper sheds light on how certain political variables influence policy choices during banking crises and hence have an impact on fiscal outlays. We employ cross-country...

Persistent link: https://www.econbiz.de/10011292287

Returns on foreign assets and liabilities : exorbitant privileges and stabilising adjustments

Darvas, Zsolt M.; Hüttl, Pia - 2017

Financial globalisation has led to large increases in foreign assets and liabilities in recent decades, increasing the scope for valuation changes that are potentially greater than trade or financial flows. We confirm that the United States enjoys an 'exorbitant privilege' on flow income from...

Persistent link: https://www.econbiz.de/10011797678

Will macroprudential policy counteract monetary policy's effects on financial stability?

Agur, Itai; Demertzis, Maria - 2018

How does monetary policy impact upon macroprudential regulation? This paper models monetary policy's transmission to bank risk taking, and its interaction with a regulator's optimization problem. The regulator uses its macroprudential tool, a leverage ratio, to maintain financial stability,...

Persistent link: https://www.econbiz.de/10011797689

The globalisation of angel investments

Lerner, Joshua; Schoar, Antoinette; Sokolinski, Stanislav; … - 2015

The last decade has seen a rapid expansion and deepening of the types of vehicles that fund start-up firms in the U.S. and worldwide. In particular, we have seen a growing role of angel groups and other more "individualistic" funding options for start-ups, such as super angels or crowd sourcing...

Persistent link: https://www.econbiz.de/10011317855

Reform of the global financial architecture

Schinasi, Garry J.; Truman, Edwin M. - 2010

This paper examines the implications of the global financial crisis of 2007-10 for reform of the global financial architecture, in particular the International Monetary Fund and the Financial Stability Board and their interaction. These two institutions are not fully comparable, but they must...

Persistent link: https://www.econbiz.de/10008696422

The crisis: policy lessons and policy challenges

Cœuré, Benoît; Jacquet, Pierre; Pisani-Ferry, Jean; … - 2009

We review the competing explanations of the 2007-2008 global crisis, recall how governments around the world had to …-bail-out world, the trade-off between financial stability and the cost of capital, the feasibility for central banks to manage their …

Persistent link: https://www.econbiz.de/10003923590