Globalization Financial Development And Regional Economic Dynamics PDF Download
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| Author | : Simplice Asongu |
| Publisher | : |
| Total Pages | : 30 |
| Release | : 2014 |
| Genre | : |
| ISBN | : |
Download Globalization, Financial Development and Regional Economic Dynamics Book in PDF, ePub and Kindle
This paper examines how regionalization in the face of globalization has affected financial development in the context of banking system efficiency in Africa. Results which are robust to financial system efficiency and growth-led-finance nexus reveal that in the post-regionalization era: (1) UEMOA and CEMAC regional banks' ability to finance credit by deposits has reduced; (2) financial institutions of COMESA have improved their capacity to fund openness related activities/projects with deposits; (3) increase in welfare has positively affected the intermediary role of banks; (4) globalization tends to be more detrimental to financial systems of 'economic and monetary' regions than to those of purely economic regions. As a policy implication, national and regional authorities should gain knowledge of the fact that with openness, the role of domestic and regional banks seems to lessen in the funding of openness related activities and projects. Much needs to be done on the improvement of infrastructure that curtails information asymmetry in the banking industry.
| Author | : Michael Devereux |
| Publisher | : Taylor & Francis |
| Total Pages | : 342 |
| Release | : 2011-05-03 |
| Genre | : Business & Economics |
| ISBN | : 1136847626 |
Download The Dynamics of Asian Financial Integration Book in PDF, ePub and Kindle
The ongoing global financial crisis has manifested a remarkable degree of global financial integration—and its implications—for emerging Asian financial markets. The current crisis will not and should not deter the progress that the region has made toward financial openness and integration. However, events like this clearly demonstrate that financial liberalization and integration is not without risks. Hence, emerging Asian economies' growing financial ties have motivated us to look closer at the repercussions of increased financial integration and evaluate the benefits of risk sharing and better access to international capital markets against the costs of cross-border financial contagion. The crisis also presents a timely opportunity for the region’s policy makers to rethink their strategies for financial deregulation and liberalization and to reconsider a next step to integrate emerging East Asia’s financial markets further. However, doing so requires deeper understanding of financial market integration. While much has been said in both academic and policy circles about financial globalization and regional financial integration as separate areas of study, existing research has been relatively silent on the dynamics between these two distinctive forces. The book addresses this gap in financial literature and assesses financial integration in emerging East Asia at both regional and global levels. The publication studies the factors driving the progress of regional financial integration in relation to financial globalization and identifies the relevant policy challenges facing emerging market economies in the region. Chapters look into three broad aspects of regional and global financial market integration: (i) measurement of regional and global financial integration, (ii) understanding dynamics of regional financial integration versus global financial integration, and (iii) welfare implications from regional financial market integration amid financial globalization. Against this context, academics, policy makers, and other readers will appreciate the rigorous research contribution provided by the book.
| Author | : Mr.Ayhan Kose |
| Publisher | : International Monetary Fund |
| Total Pages | : 68 |
| Release | : 2003-09-03 |
| Genre | : Business & Economics |
| ISBN | : 9781589062214 |
Download Effects of Financial Globalization on Developing Countries Book in PDF, ePub and Kindle
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 | : United Nations. Economic Commission for Latin America and the Caribbean |
| Publisher | : United Nations Publications |
| Total Pages | : 354 |
| Release | : 2000 |
| Genre | : Business & Economics |
| ISBN | : |
Download Financial Globalization and the Emerging Economies Book in PDF, ePub and Kindle
Financial globalisation has been a dynamic element in recent years, with large capital flows to a number of emerging economies in Latin America and Asia often being followed by financial crises.
| Author | : Russel Cooper |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 474 |
| Release | : 2007-09-23 |
| Genre | : Business & Economics |
| ISBN | : 3540724443 |
Download Globalization and Regional Economic Modeling Book in PDF, ePub and Kindle
Globalization affects regional economies in a broad spectrum of aspects, from labor market conditions and development policies to climate change. This volume, written by an international cast of eminent regional scientists, provides new tools for analyzing the enormous changes in regional economies due to globalization. It offers timely conceptual refinements for regional analysis.
| Author | : Satya Dev Gupta |
| Publisher | : Springer |
| Total Pages | : 368 |
| Release | : 1997-08-31 |
| Genre | : Business & Economics |
| ISBN | : |
Download Dynamics of Globalization and Development Book in PDF, ePub and Kindle
The third volume of a three-volume set offers 14 contributions on structural adjustment programs and policies, the implications of financial liberalization for growth and stability, the effects of foreign direct investment and the associated behavior of multinationals regarding intellectual property rights, the diffusion of technology, micro foundations, and efficiency-based multinational policy. The first two volumes are Globalization, Growth and Sustainability and The Political Economy of Globalization. Annotation copyrighted by Book News, Inc., Portland, OR
| Author | : Mr.Hamid R Davoodi |
| Publisher | : International Monetary Fund |
| Total Pages | : 44 |
| Release | : 2003-09-05 |
| Genre | : Business & Economics |
| ISBN | : 9781589062290 |
Download Challenges of Growth and Globalization in the Middle East and North Africa Book in PDF, ePub and Kindle
The Middle East and North Africa (MENA) is an economically diverse region. Despite undertaking economic reforms in many countries, and having considerable success in avoiding crises and achieving macroeconomic stability, the region’s economic performance in the past 30 years has been below potential. This paper takes stock of the region’s relatively weak performance, explores the reasons for this out come, and proposes an agenda for urgent reforms.
| Author | : Tony Cavoli |
| Publisher | : Routledge |
| Total Pages | : 331 |
| Release | : 2020-05-07 |
| Genre | : Business & Economics |
| ISBN | : 1000067416 |
Download Complexities of Financial Globalisation Book in PDF, ePub and Kindle
Since the 1990s, several emerging market and developing economies (EMDEs) have, to varying degrees, embraced the process of financial globalisation, broadly defined as a set of policies that involve allowing for greater openness to cross-border capital flows as well as greater market access to foreign financial institutions. This book provides a systematic empirical analysis on the complex interactions between financial sector development, macroeconomic and financial stability in EMDEs in general and those in the Asian region in particular. The book consists of three sections pertaining to monetary and exchange rate policies under financial globalisation; financial inclusion and macroeconomic policies in the context of financial liberalisation; and finally, the dynamics of foreign direct investment flows and their real impacts in EMDEs. Each of the chapters analyse important economic policy issues of contemporary relevance and is informed by data and rigorous empirical analysis. The book will be appealing to anyone interested in exploring the implications of a key set of issues emanating from financial globalisation on EMDEs in a rigorous but readable manner.
| Author | : José Antonio Ocampo |
| Publisher | : Stanford University Press |
| Total Pages | : 238 |
| Release | : 2003 |
| Genre | : Business & Economics |
| ISBN | : 9780804749565 |
Download Globalization and Development Book in PDF, ePub and Kindle
Globalization and Development draws upon the experiences of the Latin American and Caribbean region to provide a multidimensional assessment of the globalization process from the perspective of developing countries. Based on a study by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), this book gives a historical overview of economic development in the region and presents both an economic and noneconomic agenda that addresses disparity, respects diversity, and fosters complementarity among regional, national, and international institutions. For orders originating outside of North America, please visit the World Bank website for a list of distributors and geographic discounts at http://publications.worldbank.org/howtoorder or e-mail [email protected].
| Author | : Manfred B. Steger |
| Publisher | : Oxford University Press |
| Total Pages | : 185 |
| Release | : 2020-05-28 |
| Genre | : Political Science |
| ISBN | : 0192589326 |
Download Globalization: A Very Short Introduction Book in PDF, ePub and Kindle
We live today in an interconnected world in which ordinary people can became instant online celebrities to fans thousands of miles away, in which religious leaders can influence millions globally, in which humans are altering the climate and environment, and in which complex social forces intersect across continents. This is globalization. In the fifth edition of his bestselling Very Short Introduction Manfred B. Steger considers the major dimensions of globalization: economic, political, cultural, ideological, and ecological. He looks at its causes and effects, and engages with the hotly contested question of whether globalization is, ultimately, a good or a bad thing. From climate change to the Ebola virus, Donald Trump to Twitter, trade wars to China's growing global profile, Steger explores today's unprecedented levels of planetary integration as well as the recent challenges posed by resurgent national populism. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.
