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Financial Globalization and Monetary Policy

Kamin, Steven - 2015

This paper reviews the available evidence and previous research on potential effects of financial globalization, that is, the international integration of financial markets. In particular, we address the questions: Has financial globalization materially increased the influence of external...

Persistent link: https://www.econbiz.de/10013038646

Financial Globalisation and Monetary Independence

Disyatat, Piti - 2016

Has financial globalisation compromised central banks' ability to manage domestic financial conditions? This paper summarises the results from our recent research, which tackles this question from the bond market perspective for both advanced and emerging market economies. Using an asset pricing...

Persistent link: https://www.econbiz.de/10012980219

Croatian Monetary Strategy in the Conditions of Globalization

Matic, Branko - 2008

The author starts from the assumption that Croatia will access the European Union. Following this assumption, he analyzes the possible scenarios of Croatian monetary strategy based on the achievements of the country's monetary policy, on the degree of acceptance of the convergence criteria and...

Persistent link: https://www.econbiz.de/10012772105

Central Bank Challenges in the Global Economy

Amtenbrink, Fabian - 2011

This legal contribution reflects on the changing role of central banks in the global economy by observing three interconnected developments: globalization, regionalization and the global financial crisis. The hypothesis at the outset is that these developments which are to a considerable extent...

Persistent link: https://www.econbiz.de/10013131590

The Global Economic Polycrisis and the Korean Economy

Kang, Duyong - 2023

uncertainties stemming from soaring interest rates amid record highs in debt. On the other hand, the intensifying US-China rivalry … semiconductor exports to China, and the Chinese Communist Party (CCP)’s latest congress — poses additional, grave threats to the … will adversely affect long-term investment in the energy transition, while the intensifying US-China rivalry also stands in …

Persistent link: https://www.econbiz.de/10014257291

Globalization and financial development: A model of the Dot-Com and the Housing Bubbles

Basco, Sergi - In: Journal of International Economics 92 (2014) 1, pp. 78-94

In the last decade the United States experienced the burst of the Dot-Com and the Housing Bubbles. I develop a model to study the relationship between globalization and the emergence of rational bubbles. I also analyze how the effect of globalization on house prices depends on the type of...

Persistent link: https://www.econbiz.de/10010738187

Globalization and Asset Prices

Bekaert, Geert - 2011

We investigate whether the globalization process of the last thirty years has lead to “convergence” of asset prices in a wide set of countries, encompassing both developed and emerging markets. We examine several measures of convergence for interest rates (real and nominal) and bond and...

Persistent link: https://www.econbiz.de/10013134318

The Global Financial Resource Curse

Benigno, Gianluca - 2020

Since the late 1990s, the United States has received large capital flows from developing countries and experienced a productivity growth slowdown. Motivated by these facts, we provide a model connecting international financial integration and global productivity growth. The key feature is that...

Persistent link: https://www.econbiz.de/10012841166

The global financial resource curse

Benigno, Gianluca; Fornaro, Luca; Wolf, Martin - 2020

Persistent link: https://www.econbiz.de/10012167488

Risk, Volatility, and the Global Cross-Section of Growth Rates

Tabova, Alexandra - 2010

We reconsider the empirical links between volatility and growth between 1970 and 2007. There is a strong and significant correlation between individual country growth rates and global factors that are arguably exogenous with respect to their economies. The amount of volatility driven by these...

Persistent link: https://www.econbiz.de/10013144444