Globalization
... A group of economist (see Gene Grossman and RossiHansberg, 2006 and the presentation by Richard Baldwin, 2006)) have introduced the idea that with outsourcing globalization has entered a new phase. The idea is that in the first phase globalization has been characterized by a first unbundling: end of ...
... A group of economist (see Gene Grossman and RossiHansberg, 2006 and the presentation by Richard Baldwin, 2006)) have introduced the idea that with outsourcing globalization has entered a new phase. The idea is that in the first phase globalization has been characterized by a first unbundling: end of ...
Chapter 22
... idiosyncratic factors, have been controlled for. 3. A recent variant to this approach is presented in Arias, Haussmann, and Rigobon (1998) and Forbes and Rigobon (1998), who define contagion more narrowly by requiring an increase in excess comovement in crisis periods. 4. Eichengreen, Rose, and Wypl ...
... idiosyncratic factors, have been controlled for. 3. A recent variant to this approach is presented in Arias, Haussmann, and Rigobon (1998) and Forbes and Rigobon (1998), who define contagion more narrowly by requiring an increase in excess comovement in crisis periods. 4. Eichengreen, Rose, and Wypl ...
Mauritius: African success story?
... real income per head…That surely is bad enough in a community that is full of political conflict…the outlook for peaceful development is poor.” • V.S. Naipaul (The Overcrowded Barracoon, 1972): ”The disaster has occurred… now given a thing called independence and set adrift, an abandoned imperial ba ...
... real income per head…That surely is bad enough in a community that is full of political conflict…the outlook for peaceful development is poor.” • V.S. Naipaul (The Overcrowded Barracoon, 1972): ”The disaster has occurred… now given a thing called independence and set adrift, an abandoned imperial ba ...
Syllabus
... Summary Participating in global trade and finance requires the ability to quickly gain an understanding of the operating environment in countries across the world. Information about business and economic conditions is available in country reports constructed by specialist professionals. Macroeconomi ...
... Summary Participating in global trade and finance requires the ability to quickly gain an understanding of the operating environment in countries across the world. Information about business and economic conditions is available in country reports constructed by specialist professionals. Macroeconomi ...
NBER WORKING PAPER SERIES MONEY, IMPERFECT INFORMATION AND ECONOMIC FLUCTUATIONS Bruce Greenwald
... strand of recent literature stresses the informational consequences of monetary policy: on the one hand, producers may be unable to distinguish between monetary shocks and real shocks; hence, they respond to a perceived change in their nominal demand curve by increasing production; on the other hand ...
... strand of recent literature stresses the informational consequences of monetary policy: on the one hand, producers may be unable to distinguish between monetary shocks and real shocks; hence, they respond to a perceived change in their nominal demand curve by increasing production; on the other hand ...
How Much Decoupling? How Much Converging?
... world are closely tied together, and shocks in one part of the global financial system can and often do have large and immediate effects on other parts of the system. But whether the increasing spillovers of financial market shocks really translate into tighter business cycle linkages—that is, spill ...
... world are closely tied together, and shocks in one part of the global financial system can and often do have large and immediate effects on other parts of the system. But whether the increasing spillovers of financial market shocks really translate into tighter business cycle linkages—that is, spill ...
The Impact of the Global Economic Crisis on Arab Countries: A Year
... The Policy Response of Arab Governments As the economies of Arab countries were impacted by the global crisis, Arab governments resorted to a variety of measures, similar to those adopted by other governments worldwide, to mitigate the negative consequences. In most countries this involved a mix of ...
... The Policy Response of Arab Governments As the economies of Arab countries were impacted by the global crisis, Arab governments resorted to a variety of measures, similar to those adopted by other governments worldwide, to mitigate the negative consequences. In most countries this involved a mix of ...
Globalisation and the Current Economic Crisis
... integration that occurs due to increased economic efficiency, the spread of values and standards worldwide. Not surprisingly, most advocates of globalization belong to countries with advanced economies that have experienced the full benefits. In Thomas Friedman`s opinion globalization is an overarch ...
... integration that occurs due to increased economic efficiency, the spread of values and standards worldwide. Not surprisingly, most advocates of globalization belong to countries with advanced economies that have experienced the full benefits. In Thomas Friedman`s opinion globalization is an overarch ...
Africa is taking over the “7% growth club”
... inefficient public sectors, unreformed institutions and high levels of red tape, all of which dissuade businesses from reaping the vast untapped potential these economies have to offer. ...
... inefficient public sectors, unreformed institutions and high levels of red tape, all of which dissuade businesses from reaping the vast untapped potential these economies have to offer. ...
View PDF - Cengage
... references to government intervention in the economy. The proper role for government versus the proper role for the marketplace has prompted heated discussion among economists and politicians for decades. The respective roles for government and market have been the focal point for the ViewPoint sect ...
... references to government intervention in the economy. The proper role for government versus the proper role for the marketplace has prompted heated discussion among economists and politicians for decades. The respective roles for government and market have been the focal point for the ViewPoint sect ...
6.2 John M. Keynes: Proposal for an International Currency Union
... and exchange rates. The later-established Bretton Wood System did not fulfil such a criteria, see section 3.3. Many clearing operations and the goodwill of most surplus countries were necessary to keep the whole system going. The international clearing union should work imbalances out and therefore ...
... and exchange rates. The later-established Bretton Wood System did not fulfil such a criteria, see section 3.3. Many clearing operations and the goodwill of most surplus countries were necessary to keep the whole system going. The international clearing union should work imbalances out and therefore ...
Financing the MDGs and green growth CHAPTER TWO
... “Washington Consensus”, the general rule of thumb has thus been that the fiscal deficit should be limited to around 3% of GDP for all countries, regardless of their economic conditions. Curiously, this target was first set in the European Union as a part of the Maastricht convergence criteria – as a ...
... “Washington Consensus”, the general rule of thumb has thus been that the fiscal deficit should be limited to around 3% of GDP for all countries, regardless of their economic conditions. Curiously, this target was first set in the European Union as a part of the Maastricht convergence criteria – as a ...
Incl. also international appendices
... It confirms: US recession began Dec. 07, turned severe in Sept. 08, when the worst of the financial crisis hit (Lehman bankruptcy…) ...
... It confirms: US recession began Dec. 07, turned severe in Sept. 08, when the worst of the financial crisis hit (Lehman bankruptcy…) ...
l. sau evolution of china`s financial system and its impact on
... prescribes market-oriented financial system architecture to emerging and transition economies, and is, we believe, more close to the financial policies recommended by post-Keynesians.2 We consider China’s financial system because the vast literature, up to date, was concentrated mainly and particula ...
... prescribes market-oriented financial system architecture to emerging and transition economies, and is, we believe, more close to the financial policies recommended by post-Keynesians.2 We consider China’s financial system because the vast literature, up to date, was concentrated mainly and particula ...
P6466 - iii Template - Houston Marine Insurance Seminar
... What Would Be Helpful Now? Long-Term Fiscal and Monetary Policy Direction Fed on Aug. 9 stated rates would remain low “at least through mid-2013” This is not only a signal that borrowing costs will remain low over an extended period of time and that inflation will remain muted; Also tells inve ...
... What Would Be Helpful Now? Long-Term Fiscal and Monetary Policy Direction Fed on Aug. 9 stated rates would remain low “at least through mid-2013” This is not only a signal that borrowing costs will remain low over an extended period of time and that inflation will remain muted; Also tells inve ...
Latin American Financial Crises and Recovery Jan Kregel
... the Tequila crisis non-financial private sector inflows alone more than covered the current account deficit. Although the Central Bank did not finance the current account deficit, external creditors did, and as a consequence the constraint on domestic money supply growth was inoperative. Indeed, the ...
... the Tequila crisis non-financial private sector inflows alone more than covered the current account deficit. Although the Central Bank did not finance the current account deficit, external creditors did, and as a consequence the constraint on domestic money supply growth was inoperative. Indeed, the ...
PDF
... non-traded food crop is isolated from the others. Then the following situation can arise. An opening up leads to export of the cash crop and import of the processed food. Processed food is a substitute in consumption for the basic food. The reduction in demand for the basic food lowers returns to th ...
... non-traded food crop is isolated from the others. Then the following situation can arise. An opening up leads to export of the cash crop and import of the processed food. Processed food is a substitute in consumption for the basic food. The reduction in demand for the basic food lowers returns to th ...
Globalization and its Impact on Different Sectors in India
... financial health, Government simultaneously decided to amend its economic policies and go for privatization & liberalization of its economy. These decisions had immediate positive effect. However, globalization has proved to be a double edged weapon. It did help government temporarily meet its emerg ...
... financial health, Government simultaneously decided to amend its economic policies and go for privatization & liberalization of its economy. These decisions had immediate positive effect. However, globalization has proved to be a double edged weapon. It did help government temporarily meet its emerg ...
Costa Rica: countercyclical fiscal policy with tight monetary policy
... 15 See Property Wire (2008). Also Nuwire investor (2009). 16 See IMF (2009).The government also recapitalized state owned commercial banks (a contribution that amounts to about 0.4 percent of GDP). Foreign funding from the World Bank and the Inter American Development Bank was expected to reach US$1 ...
... 15 See Property Wire (2008). Also Nuwire investor (2009). 16 See IMF (2009).The government also recapitalized state owned commercial banks (a contribution that amounts to about 0.4 percent of GDP). Foreign funding from the World Bank and the Inter American Development Bank was expected to reach US$1 ...
Costa Rica During the Global Recession: Fiscal Stimulus with Tight
... 15 See Property Wire (2008). Also Nuwire investor (2009). 16 See IMF (2009).The government also recapitalized state owned commercial banks (a contribution that amounts to about 0.4 percent of GDP). Foreign funding from the World Bank and the Inter American Development Bank was expected to reach US$1 ...
... 15 See Property Wire (2008). Also Nuwire investor (2009). 16 See IMF (2009).The government also recapitalized state owned commercial banks (a contribution that amounts to about 0.4 percent of GDP). Foreign funding from the World Bank and the Inter American Development Bank was expected to reach US$1 ...
Point/Counterpoint - Reform: What Pace Works Best?
... With privatization, the story is similar: genuine but unspectacular improvements. After being privatized, the typical firm raises its labor productivity, increases its investment, and lowers its prices. Studies of 211 firms in more than 50 countries comparing firm performance for the three years bef ...
... With privatization, the story is similar: genuine but unspectacular improvements. After being privatized, the typical firm raises its labor productivity, increases its investment, and lowers its prices. Studies of 211 firms in more than 50 countries comparing firm performance for the three years bef ...
Controlling the risks of a global economy : Germany`s role
... Monetary Fund (IMF), the World Bank Group (IBRD / World Bank), the Organization for Economic Cooperation and Development (OECD), and many more. With the (preliminary) failure of the Doha Development Round of the WTO, multilateralism in trade issues is also exposed to rising pressure. In the financi ...
... Monetary Fund (IMF), the World Bank Group (IBRD / World Bank), the Organization for Economic Cooperation and Development (OECD), and many more. With the (preliminary) failure of the Doha Development Round of the WTO, multilateralism in trade issues is also exposed to rising pressure. In the financi ...
policy impact: emerging market opportunity
... currencies, and local stock and bond markets have continued to develop over the last 30 years. Furthermore, infancy comes with certain advantages, such as the ability to adapt new technologies (as opposed to upgrading old ones) and greater growth potential with less restrictive regulatory and trade ...
... currencies, and local stock and bond markets have continued to develop over the last 30 years. Furthermore, infancy comes with certain advantages, such as the ability to adapt new technologies (as opposed to upgrading old ones) and greater growth potential with less restrictive regulatory and trade ...
Financial aspects of the European aging society
... uncertainty of longevity is a reason to continue to smoothen consumption and try to maintain wealth. ...
... uncertainty of longevity is a reason to continue to smoothen consumption and try to maintain wealth. ...
Trade in Financial Services (24 Oct 01).
... and infrastructure. Examples of services which U.S. financial firms could introduce into foreign markets are innumerable, but include auto financing and health insurance to China, financial leasing and charge cards to Russia, to name a few. Foreign participation also introduces a higher degree of co ...
... and infrastructure. Examples of services which U.S. financial firms could introduce into foreign markets are innumerable, but include auto financing and health insurance to China, financial leasing and charge cards to Russia, to name a few. Foreign participation also introduces a higher degree of co ...