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  1. Globalisation and the efficiency-equity trade-off
    Erschienen: [2021]
    Verlag:  European Central Bank, Frankfurt am Main, Germany

    We revisit the effects of globalisation over the past 50 years in a large sample of advanced and emerging countries. We use accessions to \Globalisation Clubs" (WTO, OECD, EU), financial liberalisation and an instrument for trade openness to study... mehr

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    We revisit the effects of globalisation over the past 50 years in a large sample of advanced and emerging countries. We use accessions to \Globalisation Clubs" (WTO, OECD, EU), financial liberalisation and an instrument for trade openness to study the trade-off between efficiency (proxied by real GDP per capita and TFP) and equity (proxied by the labour share of income and the Gini index of inequality). We find that (i) most of our episodes lead to an increase in trade openness (ii) effects on GDP per capita are mostly positive with some interesting exceptions and (iii) there is little evidence that globalisation shocks lead to more inequality.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789289945462
    Weitere Identifier:
    hdl: 10419/234100
    Schriftenreihe: Working paper series / European Central Bank ; no 2546 (May 2021)
    Schlagworte: globalisation; efficiency; equity; WTO; OECD; EU; financial liberalization; trade integration
    Umfang: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  2. The micro and macro dynamics of capital flows
    Erschienen: June 4, 2021
    Verlag:  CFM, Centre for Macroeconomics, London

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: CFM discussion paper series ; CFM-DP 2021, 21
    Schlagworte: firm dynamics; financial liberalization; reallocation; capital flows; welfare; non-homothetic preferences
    Umfang: 1 Online-Ressource (circa 110 Seiten), Illustrationen
  3. Financial liberalization and its implications for private savings in sub-Saharan Africa
    Erschienen: July 2022
    Verlag:  United Nations University World Institute for Development Economics Research, Helsinki, Finland

    This paper employs data from 103 developing countries between 1981 and 2012 to examine the determinants of private savings in sub-Saharan Africa (SSA), with a focus on the effect of financial liberalization on private savings. It also analyses why... mehr

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    This paper employs data from 103 developing countries between 1981 and 2012 to examine the determinants of private savings in sub-Saharan Africa (SSA), with a focus on the effect of financial liberalization on private savings. It also analyses why the savings rate for SSA countries is lower than for other developing countries, by examining whether the determinants of private savings in SSA differ significantly from non-SSA countries. We find: (i) financial liberalization does not have a significant effect on private savings in all countries; (ii) the private savings rate for SSA countries is similar to non-SSA countries, after controls for relevant determinants of private savings; (iii) private savings are persistent, but the degree of persistence is lower for SSA countries; (iv) public savings crowd out private savings, but the crowding-out is more severe in SSA countries; (v) the growth rate of income per capita has a significant and positive effect on personal savings in both country groups; (vi) the effect of financial liberalization on private savings is similar for SSA countries in a monetary union and SSA countries outside a monetary union.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789292672010
    Weitere Identifier:
    hdl: 10419/267825
    Schriftenreihe: WIDER working paper ; 2022, 79
    Schlagworte: developing countries; financial liberalization; monetary unions; private savings; subSaharan Africa
    Umfang: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  4. The global monetary system and the use of local currencies in ASEAN+3
    Erschienen: [2021]
    Verlag:  RIETI, [Tokyo, Japan]

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    Sprache: Englisch
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    Format: Online
    Schriftenreihe: RIETI discussion paper series ; 21-E, 019 (March 2021)
    Schlagworte: monetary trilemma; exchange rate regime; monetary policy; financial liberalization
    Umfang: 1 Online-Ressource (circa 37 Seiten), Illustrationen
  5. A note on risk sharing versus instability in international financial integration
    when Obstfeld meets Stiglitz
    Erschienen: October, 2017
    Verlag:  Center for Research in Economics and Management, University of Luxembourg, Faculty of Law, Economics and Finance, Luxembourg

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    Hinweise zum Inhalt
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Array ; 2017, 19
    Schlagworte: Optimal growth; financial liberalization; risk sharing; volatility
    Umfang: 1 Online-Ressource (circa 19 Seiten)