Global Capital Markets - An Updated Profile [PDF]
More than two decades after the beginning of the financial revolution, globalization of capital flows still attracts considerable attention, from both practitioners and academics. The aim of this paper is to contribute to understanding of some aspects of
Miroslava Filipović
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The potential impact of the global financial crisis on world trade [PDF]
This paper models the global financial crisis as a combination of shocks to global housing markets and sharp increases in risk premia of firms, households and international investors in a global economic model. The model has six sectors of production and
McKibbin, Warwick J., Stoeckel, Andrew
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Liquidity in global markets. [PDF]
The latest episode of turbulence has been marked by an extended period of illiquidity in a large number of markets –ranging from traditionally highly liquid interbank money markets to the less-liquid structured credit markets.
Caruana, J., Kodres, L.
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Spillover Effects on Government Bond Yields in Euro Zone. Does Full Financial Integration Exist in European Government Bond Markets? [PDF]
This paper examines the time varying nature of European government bond market integration by employing multivariate GARCH models. We state that unlike other bond markets, in euro markets the default(credit) risk factor and other macroeconomic and fiscal
Balli, Faruk
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Global Liquidity, World Savings Glut and Global Policy Coordination [PDF]
The global imbalances of the 2000s and the recent global financial crisis are intimately connected. Both originate in the combination of economic policies adopted by the two key economies, the US and China.
Ansgar Belke, Daniel Gros
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An Overview of the Global Economy: Markets, Competitiveness and Trade Facilitation. Executive Interview: The Honorable Carole L. Brookins, U.S. Executive Director to the World Bank, 2001-2005 [PDF]
The global economy is growing increasingly more integrated. The dawn of the 21st century was marked with cutting edge technologies creating the platform for greater connectivity and competition among global markets.
Oyewumi, Olubukola Ayodeju
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The Structure of the US Equity Markets [PDF]
In 1975, Congress directed the SEC to develop a national market system in which all orders to buy or sell equities would interact. A national market system abhors fragmentation and assumes that one market will best serve the needs of all investors.
Marshall E. Blume
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Emerging Debt Markets: What Do Correlations and Spreads Tell Us? [PDF]
This paper proposes a conceptual framework to identify the potential sources of contagion in emerging bond markets and the mechanisms through which shocks originating in a particular emerging or mature market are likely to be transmitted across countries
A. Javier Hamann +2 more
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Domestic constraints, firm characteristics, and geographical diversification of firm-level manufacturing exports in Africa [PDF]
Using firm-level data on manufacturing sectors in Africa, this paper addresses how domestic supply constraints and other firm characteristics explain the geographical orientation of firms'exports and the overall market diversification of African ...
Yoshino, Yutaka
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