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Trade Linkages between CEE Countries and the World Economy During an Era of Global Imbalances

Sobanski, Konrad - 2017

The aim of this paper is to evaluate the trade linkages of Central and Eastern European (CEE) countries with the global … economy in the last decade and to measure the influence of the world economic crisis of 2009 on their external trade sector …. For this purpose an analysis of IMF data (Direction of Trade, Balance of Payments Statistics), WTO and UNCTAD data for …

Persistent link: https://www.econbiz.de/10012949485

Cost of foreign reserve accumulation in emerging market and developing economies

ʿAbd-al-H̱āliq, Ǧūda; Rizk, Amany - In: Review of economics and political science : REPS 10 (2025) 2, pp. 112-133

Purpose - This paper aims to obtain a recent estimate of the cost of precautionary foreign reserve accumulation that emerging market and developing economies (EMDEs) had to endure to protect themselves against the risks of financial globalization. In addition, the study estimates the cost of...

Persistent link: https://www.econbiz.de/10015339222

Slowbalisation in the context of US-China decoupling

García Herrero, Alicia - In: Intereconomics : review of European economic policy 57 (2022) 6, pp. 352-358

While it is too early to confirm the depth and the sustainability of this new trend towards slower globalisation, it may be happening in more domains than we are fully aware of, at least for the near term given the renewed backdrop of the Russia-Ukraine war and the wider use of sanctions globally.

Persistent link: https://www.econbiz.de/10013475414

Financial Globalization and the U.S. Current Account Deficit

Higgins, Matthew David; Klitgaard, Thomas - 2008

Despite heavy borrowing in recent years, the United States has financed its large current account deficits without experiencing an unusual buildup in foreign investors' holdings of U.S. assets. A new analysis suggests that this somewhat surprising development is attributable largely to rapid...

Persistent link: https://www.econbiz.de/10014221312

The 'Impossible Trinity' Hypothesis in an Era of Global Imbalances : Measurement and Testing

Aizenman, Joshua - 2012

We outline new metrics for measuring the trilemma aspects: exchange rate flexibility, monetary independence, and capital account openness, taking into account recent substantial international reserve accumulation. Since 1990, the trilemma variables in emerging markets have converged towards...

Persistent link: https://www.econbiz.de/10013105798

Postponing Global Adjustment : An Analysis of the Pending Adjustment of Global Imbalances

Truman, Edwin M. - 2005

Halving the US current account deficit as a share of GDP is likely to impose a burden of $2,350 per capita on the United States, which explains why US policymakers want to postpone adjustment. The rest of the world relies on the economic stimulus of a widening US external deficit, which explains...

Persistent link: https://www.econbiz.de/10014063503

Evidence on Financial Globalization and Crises : Global Imbalances

Chinn, Menzie David - 2014

Global imbalances are defined. Several explanations for the development of large current account deficits and surpluses in key economies during the period after 1997 are discussed, including the saving-investment approach, the intertemporal approach, mercantilism and the Bretton Woods II...

Persistent link: https://www.econbiz.de/10013068610

How important are global factors for understanding the dynamics of international capital flows?

Eller, Markus; Huber, Florian; Schuberth, Helene - 2018

We propose a dynamic factor model with time-varying parameters and stochastic volatility to analyze the relationship between global factors and country-specific capital flow dynamics. Studying a global sample of 43 countries from 1994 until 2015, we show that global co-movement of macroeconomic,...

Persistent link: https://www.econbiz.de/10011929696

The global capital flows cycle : structural drivers and transmission channels

Habib, Maurizio Michael; Venditti, Fabrizio - 2019

In this paper, we study the effects of structural shocks that influence global risk - the main factor behind a "global capital flows cycle" - and how risk, in turn, is transmitted to capital flows. Our results show that not all the risk shocks driving the global financial cycle have the same...

Persistent link: https://www.econbiz.de/10012009141

Capital Importers Pay More for Their Imports

Adam, Antonis - 2013

disseminated at the 4- digit Standard International Trade Classification (SITC- revision 3) level. This allows us to construct a …

Persistent link: https://www.econbiz.de/10013091688