Reaping the benefits of financial globalization:
"Financial globalization has increased dramatically over the past three decades, particularly different capital control regimes, as well as from a range of persistent factors, including different degrees of institutional quality and domestic financial development. While, in principle, financial...
Gespeichert in:
| Format: | Buch |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
Washington, DC
Internat. Monetary Fund
2008
|
| Schriftenreihe: | International Monetary Fund: Occasional paper
264 |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Zusammenfassung: | "Financial globalization has increased dramatically over the past three decades, particularly different capital control regimes, as well as from a range of persistent factors, including different degrees of institutional quality and domestic financial development. While, in principle, financial globalization should enhance international risk sharing, reduce macroeconomic volatility, and foster economic growth, in practice its effects are less clear-cut. Countries gain or lose from financial integration depending on their domestic economic and institutional conditions. The results in this Occasional Paper are broadly supportive of an approach envisaging a gradual and orderly sequencing of external financial liberalization and emphasizing the desirability of complementary reforms in macroeconomic policy framework and the domestic financial system as essential components of a successful liberalization strategy" -- preface (v.) |
| Beschreibung: | V, 37 S. graph. Darst. |
| ISBN: | 9781589067486 |
Internformat
MARC
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| 490 | 1 | |a International Monetary Fund: Occasional paper |v 264 | |
| 520 | 3 | |a "Financial globalization has increased dramatically over the past three decades, particularly different capital control regimes, as well as from a range of persistent factors, including different degrees of institutional quality and domestic financial development. While, in principle, financial globalization should enhance international risk sharing, reduce macroeconomic volatility, and foster economic growth, in practice its effects are less clear-cut. Countries gain or lose from financial integration depending on their domestic economic and institutional conditions. The results in this Occasional Paper are broadly supportive of an approach envisaging a gradual and orderly sequencing of external financial liberalization and emphasizing the desirability of complementary reforms in macroeconomic policy framework and the domestic financial system as essential components of a successful liberalization strategy" -- preface (v.) | |
| 650 | 7 | |a Internationaler Finanzmarkt |2 stw | |
| 650 | 7 | |a Welt |2 stw | |
| 650 | 4 | |a Globalisierung | |
| 650 | 4 | |a Wirtschaftspolitik | |
| 650 | 4 | |a Capital movements | |
| 650 | 4 | |a Economic policy | |
| 650 | 4 | |a Globalization | |
| 650 | 4 | |a International finance | |
| 700 | 1 | |a Dell'Ariccia, Giovanni |e Sonstige |4 oth | |
| 830 | 0 | |a International Monetary Fund: Occasional paper |v 264 |w (DE-604)BV002597241 |9 264 | |
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Datensatz im Suchindex
| _version_ | 1804138571596038144 |
|---|---|
| adam_text | Contents
Preface v
I Overview I
II Introduction 2
III Some Facts on Financial Globalization 5
De Jure Financial Openness 6
IV Determinants of Financial Globalization:
A Cross-Country Perspective 11
V Risk-Sharing Benefits of Financial Globalization:
Theory and Practice 14
International Risk Sharing in Theory 14
International Risk Sharing in Practice 15
VI How Does Financial Globalization Affect Stability and Growth? 17
Volatility and the Frequency of Crises 17
Economic Growth 19
VII Conclusion 24
Appendixes
I Country Lists 26
II Capital Control Indices 27
III Case Studies on Financial Account Liberalization 28
References 33
Boxes
2.1. Measuring Financial Globalization 3
3.1. The Integrated Approach to Capital Account Liberalization 8
Figures
3.1. Gross External Assets and Liabilities by Income Group 5
3.2. Composition of Gross External Assets and Liabilities, 1975 and 2004 6
3.3. Capital Controls by Financial Openness and Income Group 7
3.4. Patterns of De Jure Financial Openness, 1995-97 Versus 2003-05 8
3.5. Gross External Assets and Liabilities by Levels and Changes in De Jure
Financial Openness 9
6.1. Financial Integration and Consumption Volatility 19
Tables
3.1. Gross and Net External Positions, 2004 6
3.2. Capital Controls by Type, 1995-2005 7
4.1. Determinants of Gross External Liabilities Per Capita, 2004 11
4.2. Gravity Estimates for Bilateral Foreign Asset Positions, 2004 12
5.1. Potential Gains from Risk Pooling Among Countries 15
6.1. Impact of Financial Integration on Consumption Volatility 18
6.2. Countries with De Facto Open Financial Accounts: Frequency of
Crises, 1970-2004 20
6.3. Financial Integration and Economic Growth 20
6.4. Impact ofFDIonGDP Growth 21
6.5. Financial Openness (De Jure) and Total Factor Productivity Growth 22
6.6. Financial Integration and Financial Sector Development 23
7.1. Summary of Findings and Policy Implications 25
A3.1. Evidence from Selected Case Studies, 1979-2004 29
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| id | DE-604.BV035279844 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T21:30:18Z |
| institution | BVB |
| isbn | 9781589067486 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-017085067 |
| oclc_num | 298213552 |
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| owner | DE-20 |
| owner_facet | DE-20 |
| physical | V, 37 S. graph. Darst. |
| publishDate | 2008 |
| publishDateSearch | 2008 |
| publishDateSort | 2008 |
| publisher | Internat. Monetary Fund |
| record_format | marc |
| series | International Monetary Fund: Occasional paper |
| series2 | International Monetary Fund: Occasional paper |
| spelling | Reaping the benefits of financial globalization Giovanni dell'Ariccia ... Washington, DC Internat. Monetary Fund 2008 V, 37 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier International Monetary Fund: Occasional paper 264 "Financial globalization has increased dramatically over the past three decades, particularly different capital control regimes, as well as from a range of persistent factors, including different degrees of institutional quality and domestic financial development. While, in principle, financial globalization should enhance international risk sharing, reduce macroeconomic volatility, and foster economic growth, in practice its effects are less clear-cut. Countries gain or lose from financial integration depending on their domestic economic and institutional conditions. The results in this Occasional Paper are broadly supportive of an approach envisaging a gradual and orderly sequencing of external financial liberalization and emphasizing the desirability of complementary reforms in macroeconomic policy framework and the domestic financial system as essential components of a successful liberalization strategy" -- preface (v.) Internationaler Finanzmarkt stw Welt stw Globalisierung Wirtschaftspolitik Capital movements Economic policy Globalization International finance Dell'Ariccia, Giovanni Sonstige oth International Monetary Fund: Occasional paper 264 (DE-604)BV002597241 264 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017085067&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Reaping the benefits of financial globalization International Monetary Fund: Occasional paper Internationaler Finanzmarkt stw Welt stw Globalisierung Wirtschaftspolitik Capital movements Economic policy Globalization International finance |
| title | Reaping the benefits of financial globalization |
| title_auth | Reaping the benefits of financial globalization |
| title_exact_search | Reaping the benefits of financial globalization |
| title_full | Reaping the benefits of financial globalization Giovanni dell'Ariccia ... |
| title_fullStr | Reaping the benefits of financial globalization Giovanni dell'Ariccia ... |
| title_full_unstemmed | Reaping the benefits of financial globalization Giovanni dell'Ariccia ... |
| title_short | Reaping the benefits of financial globalization |
| title_sort | reaping the benefits of financial globalization |
| topic | Internationaler Finanzmarkt stw Welt stw Globalisierung Wirtschaftspolitik Capital movements Economic policy Globalization International finance |
| topic_facet | Internationaler Finanzmarkt Welt Globalisierung Wirtschaftspolitik Capital movements Economic policy Globalization International finance |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017085067&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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