Effects of Financial Globalization on Developing Countries: Some Empirical Evidence
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245 | 1 | 0 | |a Effects of Financial Globalization on Developing Countries |b Some Empirical Evidence |c Kose, M. Ayhan |
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490 | 0 | |a Occasional Papers |v Occasional Paper No. 220 | |
520 | 3 | |a 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 | |
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Datensatz im Suchindex
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id | DE-604.BV048356339 |
illustrated | Not Illustrated |
indexdate | 2024-12-20T19:42:33Z |
institution | BVB |
isbn | 1589062213 9781589062214 |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033735607 |
oclc_num | 1337139681 |
open_access_boolean | |
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physical | 1 Online-Ressource (64 p) |
psigel | ZDB-1-IMF |
publishDate | 2003 |
publishDateSearch | 2003 |
publishDateSort | 2003 |
publisher | International Monetary Fund |
record_format | marc |
series2 | Occasional Papers |
spellingShingle | Kose, M. Ayhan Effects of Financial Globalization on Developing Countries Some Empirical Evidence |
title | Effects of Financial Globalization on Developing Countries Some Empirical Evidence |
title_auth | Effects of Financial Globalization on Developing Countries Some Empirical Evidence |
title_exact_search | Effects of Financial Globalization on Developing Countries Some Empirical Evidence |
title_full | Effects of Financial Globalization on Developing Countries Some Empirical Evidence Kose, M. Ayhan |
title_fullStr | Effects of Financial Globalization on Developing Countries Some Empirical Evidence Kose, M. Ayhan |
title_full_unstemmed | Effects of Financial Globalization on Developing Countries Some Empirical Evidence Kose, M. Ayhan |
title_short | Effects of Financial Globalization on Developing Countries |
title_sort | effects of financial globalization on developing countries some empirical evidence |
title_sub | Some Empirical Evidence |
url | http://elibrary.imf.org/view/IMF084/01998-9781589062214/01998-9781589062214/01998-9781589062214.xml |
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