Reaping the Benefits of Financial Globalization

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book Reaping the Benefits of Financial Globalization by Giovanni Mr. Dell'Ariccia, Paolo Mr. Mauro, André Mr. Faria, Jonathan Mr. Ostry, Julian di Giovanni, Martin Mr. Schindler, M. Mr. Kose, Marco Mr. Terrones, INTERNATIONAL MONETARY FUND
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Giovanni Mr. Dell'Ariccia, Paolo Mr. Mauro, André Mr. Faria, Jonathan Mr. Ostry, Julian di Giovanni, Martin Mr. Schindler, M. Mr. Kose, Marco Mr. Terrones ISBN: 9781452750330
Publisher: INTERNATIONAL MONETARY FUND Publication: December 16, 2008
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Giovanni Mr. Dell'Ariccia, Paolo Mr. Mauro, André Mr. Faria, Jonathan Mr. Ostry, Julian di Giovanni, Martin Mr. Schindler, M. Mr. Kose, Marco Mr. Terrones
ISBN: 9781452750330
Publisher: INTERNATIONAL MONETARY FUND
Publication: December 16, 2008
Imprint: INTERNATIONAL MONETARY FUND
Language: English

Financial globalization has increased dramatically over the past three decades, particularly for advanced economies, while emerging market and developing countries experienced more moderate increases. Divergences across countries stem from different capital control regimes, and factors such as institutional quality and domestic financial development. Although, in principle, financial globalization should enhance international risk sharing, reduce macroeconomic volatility, and foster economic growth, in practice its effects are less clear-cut. This paper envisages a gradual and orderly sequencing of external financial liberalization and complementary reforms in macroeconomic policy framework as essential components of a successful liberalization strategy.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Financial globalization has increased dramatically over the past three decades, particularly for advanced economies, while emerging market and developing countries experienced more moderate increases. Divergences across countries stem from different capital control regimes, and factors such as institutional quality and domestic financial development. Although, in principle, financial globalization should enhance international risk sharing, reduce macroeconomic volatility, and foster economic growth, in practice its effects are less clear-cut. This paper envisages a gradual and orderly sequencing of external financial liberalization and complementary reforms in macroeconomic policy framework as essential components of a successful liberalization strategy.

More books from INTERNATIONAL MONETARY FUND

Cover of the book Balance of Payments Compilation Guide by Giovanni Mr. Dell'Ariccia, Paolo Mr. Mauro, André Mr. Faria, Jonathan Mr. Ostry, Julian di Giovanni, Martin Mr. Schindler, M. Mr. Kose, Marco Mr. Terrones
Cover of the book The Baltic Countries: From Economic Stabilization to EU Accession by Giovanni Mr. Dell'Ariccia, Paolo Mr. Mauro, André Mr. Faria, Jonathan Mr. Ostry, Julian di Giovanni, Martin Mr. Schindler, M. Mr. Kose, Marco Mr. Terrones
Cover of the book West Bank and Gaza Strip: Economic Developments in the Five Years Since Oslo by Giovanni Mr. Dell'Ariccia, Paolo Mr. Mauro, André Mr. Faria, Jonathan Mr. Ostry, Julian di Giovanni, Martin Mr. Schindler, M. Mr. Kose, Marco Mr. Terrones
Cover of the book Regional Economic Outlook, April 2018, Western Hemisphere Department by Giovanni Mr. Dell'Ariccia, Paolo Mr. Mauro, André Mr. Faria, Jonathan Mr. Ostry, Julian di Giovanni, Martin Mr. Schindler, M. Mr. Kose, Marco Mr. Terrones
Cover of the book Reforma de los subsidios a la energía by Giovanni Mr. Dell'Ariccia, Paolo Mr. Mauro, André Mr. Faria, Jonathan Mr. Ostry, Julian di Giovanni, Martin Mr. Schindler, M. Mr. Kose, Marco Mr. Terrones
Cover of the book Financial Soundness Indicators: Analytical Aspects and Country Practices by Giovanni Mr. Dell'Ariccia, Paolo Mr. Mauro, André Mr. Faria, Jonathan Mr. Ostry, Julian di Giovanni, Martin Mr. Schindler, M. Mr. Kose, Marco Mr. Terrones
Cover of the book Fiscal Policy Formulation and Implementation in Oil-Producing Countries by Giovanni Mr. Dell'Ariccia, Paolo Mr. Mauro, André Mr. Faria, Jonathan Mr. Ostry, Julian di Giovanni, Martin Mr. Schindler, M. Mr. Kose, Marco Mr. Terrones
Cover of the book International Comparisons of Government Expenditure by Giovanni Mr. Dell'Ariccia, Paolo Mr. Mauro, André Mr. Faria, Jonathan Mr. Ostry, Julian di Giovanni, Martin Mr. Schindler, M. Mr. Kose, Marco Mr. Terrones
Cover of the book Structural Adjustment and Macroeconomic Policy Issues by Giovanni Mr. Dell'Ariccia, Paolo Mr. Mauro, André Mr. Faria, Jonathan Mr. Ostry, Julian di Giovanni, Martin Mr. Schindler, M. Mr. Kose, Marco Mr. Terrones
Cover of the book A Practical Guide to Public Debt Dynamics, Fiscal Sustainability, and Cyclical Adjustment of Budgetary Aggregates by Giovanni Mr. Dell'Ariccia, Paolo Mr. Mauro, André Mr. Faria, Jonathan Mr. Ostry, Julian di Giovanni, Martin Mr. Schindler, M. Mr. Kose, Marco Mr. Terrones
Cover of the book Accounting Devices and Fiscal Illusions by Giovanni Mr. Dell'Ariccia, Paolo Mr. Mauro, André Mr. Faria, Jonathan Mr. Ostry, Julian di Giovanni, Martin Mr. Schindler, M. Mr. Kose, Marco Mr. Terrones
Cover of the book Transition to Accrual Accounting by Giovanni Mr. Dell'Ariccia, Paolo Mr. Mauro, André Mr. Faria, Jonathan Mr. Ostry, Julian di Giovanni, Martin Mr. Schindler, M. Mr. Kose, Marco Mr. Terrones
Cover of the book Issues in the Establishment of Asset Management Companies by Giovanni Mr. Dell'Ariccia, Paolo Mr. Mauro, André Mr. Faria, Jonathan Mr. Ostry, Julian di Giovanni, Martin Mr. Schindler, M. Mr. Kose, Marco Mr. Terrones
Cover of the book World Economic Outlook, December 2001: Special Issue: The Global Economy After September 11 (Interim) by Giovanni Mr. Dell'Ariccia, Paolo Mr. Mauro, André Mr. Faria, Jonathan Mr. Ostry, Julian di Giovanni, Martin Mr. Schindler, M. Mr. Kose, Marco Mr. Terrones
Cover of the book Finance & Development, June 1992 by Giovanni Mr. Dell'Ariccia, Paolo Mr. Mauro, André Mr. Faria, Jonathan Mr. Ostry, Julian di Giovanni, Martin Mr. Schindler, M. Mr. Kose, Marco Mr. Terrones
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy