Financial Integration And International Risk Sharing
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| Author | : Mr.Gian Milesi-Ferretti |
| Publisher | : International Monetary Fund |
| Total Pages | : 46 |
| Release | : 2003-04-01 |
| Genre | : Business & Economics |
| ISBN | : 1451850905 |
In recent decades, the foreign assets and liabilities of advanced economies have grown rapidly relative to GDP, with the increase in gross cross-holdings far exceeding changes in the size of net positions. Moreover, the portfolio equity and FDI categories have grown in importance relative to international debt stocks. This paper describes the broad trends in international financial integration for a sample of industrial countries and seeks to explain the cross-country and time-series variation in the size of international balance sheets. It also examines the behavior of the rates of return on foreign assets and liabilities, relating them to "market" returns.
| Author | : Douglas Darrell Evanoff |
| Publisher | : World Scientific |
| Total Pages | : 455 |
| Release | : 2009 |
| Genre | : Business & Economics |
| ISBN | : 9812833382 |
The impact of globalization of financial markets is a highly debated topic, particularly in recent months when the issue of globalization and contagion of financial distress has become a focus of intense policy debate. The papers in this volume provide an up-to-date overview of the key issues in this debate. While most of the contributions were prepared after the initial outbreak of the current global turmoil and financial crisis, they identify the relative strengths of the risk diversification and risk transmission processes and examine the empirical evidence to date. The book considers the relative roles of banks, nonbank financial institutions and capital markets in both risk diversification and risk transmission. It then evaluates the current status of crisis resolution in a global context, and speculates where to go from here in terms of understanding, resolution, prevention and public policy.
| Author | : Pierre-Richard Agénor |
| Publisher | : World Bank Publications |
| Total Pages | : 68 |
| Release | : 2001 |
| Genre | : Capital movements |
| ISBN | : |
This literature review joins with recent studies in arguing that financial integration must be carefully prepared and managed to ensure that the benefits outweigh the short-run risks. But in contrast with some other studies, it adopts a more skeptical view of the benefits of capital flows other than foreign direct investment.
| Author | : Yan Bai |
| Publisher | : |
| Total Pages | : 154 |
| Release | : 2005 |
| Genre | : |
| ISBN | : |
| Author | : Maurice Obstfeld |
| Publisher | : Cambridge University Press |
| Total Pages | : 382 |
| Release | : 2004-02-19 |
| Genre | : Business & Economics |
| ISBN | : 9780521633178 |
| Author | : Takatoshi Ito |
| Publisher | : University of Chicago Press |
| Total Pages | : 416 |
| Release | : 2007-12-01 |
| Genre | : Business & Economics |
| ISBN | : 0226386953 |
The increased mobility and volume of international capital flows is a striking trend in international finance. While countries worldwide have engaged in financial deregulation, nowhere is this pattern more pronounced than in East Asia, where it has affected in unanticipated ways the behavior of exchange rates, interest rates, and capital flows. In these thirteen essays, American and Asian scholars analyze the effects of financial deregulation and integration on East Asian markets. Topics covered include the roles of the United States and Japan in trading with Asian countries, macroeconomic policy implications of export-led growth in Korea and Taiwan, the effects of foreign direct investment in China, and the impact of financial liberalization in Japan, Korea, and Singapore. Demonstrating the complexity of financial deregulation and the challenges it poses for policy makers, this volume provides an excellent picture of the overall status of East Asian financial markets for scholars in international finance and Asian economic development.
| Author | : Diego Valiante |
| Publisher | : Centre for European Policy Studies |
| Total Pages | : 0 |
| Release | : 2016 |
| Genre | : Capital market |
| ISBN | : 9781786600448 |
This book builds on a year-long discussion with a group of academics, policy-makers and industry experts to provide a long-term contribution to the Capital Markets Union project, launched by the European Commission in 2015. It identifies 36 cross-border barriers to capital mar...
| Author | : Mr.Ayhan Kose |
| Publisher | : International Monetary Fund |
| Total Pages | : 68 |
| Release | : 2003-09-03 |
| Genre | : Business & Economics |
| ISBN | : 9781589062214 |
This study provides a candid, systematic, and critical review of recent evidence on this complex subject. Based on a review of the literature and some new empirical evidence, it finds that (1) in spite of an apparently strong theoretical presumption, it is difficult to detect a strong and robust causal relationship between financial integration and economic growth; (2) contrary to theoretical predictions, financial integration appears to be associated with increases in consumption volatility (both in absolute terms and relative to income volatility) in many developing countries; and (3) there appear to be threshold effects in both of these relationships, which may be related to absorptive capacity. Some recent evidence suggests that sound macroeconomic frameworks and, in particular, good governance are both quantitatively and qualitatively important in affecting developing countries’ experiences with financial globalization.
| Author | : Otaviano Canuto |
| Publisher | : World Bank Publications |
| Total Pages | : 307 |
| Release | : 2013-10-29 |
| Genre | : Business & Economics |
| ISBN | : 1464800030 |
This book deals with the challenges of macro financial linkages in the emerging markets.
| Author | : |
| Publisher | : Academic Press |
| Total Pages | : 807 |
| Release | : 2012-12-31 |
| Genre | : Business & Economics |
| ISBN | : 012405899X |
The sharp realities of financial globalization become clear during crises, when winners and losers emerge. Crises usher in short- and long-term changes to the status quo, and everyone agrees that learning from crises is a top priority. The Evidence and Impact of Financial Globalization devotes separate articles to specific crises, the conditions that cause them, and the longstanding arrangements devised to address them. While other books and journal articles treat these subjects in isolation, this volume presents a wide-ranging, consistent, yet varied specificity. Substantial, authoritative, and useful, these articles provide material unavailable elsewhere. - Substantial articles by top scholars sets this volume apart from other information sources - Rapidly developing subjects will interest readers well into the future - Reader demand and lack of competitors underline the high value of these reference works
