Cargando…
The evidence and impact of financial globalization /
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 separ...
| Clasificación: | Libro Electrónico |
|---|---|
| Otros Autores: | , , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
London ; Waltham, MA :
Elsevier,
2013.
|
| Edición: | 1st ed. |
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Front Cover; The Evidence and Impact of Financial Globalization; Copyright; Editor-in-Chief; Section Editors for related volumes; Contents; Preface; Contributors; Chapter 1: Financial Globalization and Crises: Overview; Introduction; Evidence on Financial Globalization; Forces Behind Globalization; Effects of Financial Globalization; Monetary and Exchange Rate Policy under Financial Globalization; Crises; Final Words; Acknowledgment; References; Section I: Evidence on Financial Globalization; Chapter 2: Measurements of Capital and Financial Current Account Openness.
- Measuring Financial IntegrationThe IMF's AREAER; Indicators Based on the AREAER Categorical Table of Restrictions; Indicators Based on Text of AREAER; Other De Jure Indicators; De Jure and De Facto Data Compared; Coding; Data Properties; Uses of Measures; Conclusions; Acknowledgments; References; Chapter 3: Measurement and Impact of Equity Market Liberalization; Introduction; Equity Market Liberalization; Official Equity Market Liberalization; Country Funds and American Depository Receipts; The Intensity of Liberalization; Foreign equity portfolio holdings; Measuring Market Integration.
- Effects of Stock Market LiberalizationFinancial Effects; Expected returns (cost of capital); Return volatility and correlation; Market liquidity; Capital flows and contagion; Macroeconomic Effects; Investment and GDP growth; Allocative efficiency and productivity; Conclusion; Acknowledgments; References; Further Reading; Chapter 4: Bilateral Financial Links; Introduction; Bilateral Data on External Assets and Liabilities; Main International Data Sources; Foreign Direct Investment; Portfolio Equity and Portfolio Debt Securities; Foreign Exchange Reserves; Other Data Sources; Euro Area Accounts.
- Individual Country Data SourcesCustodial Center Bias; What Explains Bilateral External Financial Linkages?; Theoretical Foundation for Gravity Models in Goods Trade; Theoretical Foundation for Gravity Models in Cross-Border Asset Trade; Information Asymmetries, Familiarity Effects, and Trust; Stylized Facts; Data; Network of Financial Linkages; Undirected Network; Directed Network; Comparison with the Trade Network; Cross-Border Financial Links and International Transmission of Shocks; Conclusions; See also; Glossary; Further Reading; Relevant Websites; Chapter 5: Global Imbalances.
- The Contested Landscape of Global ImbalancesGlobal Imbalances Defined; Spendthrift America and the Saving-Investment Approach; A US Productivity Surge and the Intertemporal Approach; East Asian Mercantilism and Bretton Woods II Versus Self-Protection; A Global Saving Glut?; Imbalances and the Financial Crisis; See also; Acknowledgments; Glossary; References; Chapter 6: Aid Flows; Introduction; Situating Aid Flows Within Financial Globalization; The Particularities of Aid Flows; Aid Effectiveness and the NAA; Recipient Participation and Country Ownership; Harmonization and Alignment.