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Financial Globalization and Inequality: Capital Flows as a Two-Edged Sword

2021-01-08 Business & Economics
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Release : 2021-01-08
Genre : Business & Economics
Kind : eBook
Book Rating : 385/5 ( reviews)

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Book Synopsis Financial Globalization and Inequality: Capital Flows as a Two-Edged Sword by : Mr.Barry J. Eichengreen

Download or read book Financial Globalization and Inequality: Capital Flows as a Two-Edged Sword written by Mr.Barry J. Eichengreen. This book was released on 2021-01-08. Available in PDF, EPUB and Kindle. Book excerpt: We review the debate on the association of financial globalization with inequality. We show that the within-country distributional impact of capital account liberalization is context specific and that different types of flows have different distributional effects. Their overall impact depends on the composition of capital flows, their interaction, and on broader economic and institutional conditions. A comprehensive set of policies – macroeconomic, financial and labor- and product-market specific – is important for facilitating wider sharing of the benefits of financial globalization.

Emerging Capital Markets and Globalization

2006-10-20 Business & Economics
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Release : 2006-10-20
Genre : Business & Economics
Kind : eBook
Book Rating : 444/5 ( reviews)

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Book Synopsis Emerging Capital Markets and Globalization by : Augusto de la Torre

Download or read book Emerging Capital Markets and Globalization written by Augusto de la Torre. This book was released on 2006-10-20. Available in PDF, EPUB and Kindle. Book excerpt: Back in the early 1990s, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging economies, particularly in Latin America. Unfortunately, they are now faced with disheartening results. Stock and bond markets remain illiquid and segmented. Debt is concentrated at the short end of the maturity spectrum and denominated in foreign currency, exposing countries to maturity and currency risk. Capital markets in Latin America look particularly underdeveloped when considering the many efforts undertaken to improve the macroeconomic environment and to reform the institutions believed to foster capital market development. The disappointing performance has made conventional policy recommendations questionable, at best. 'Emerging Capital Markets and Globalization' analyzes where we stand and where we are heading on capital market development. First, it takes stock of the state and evolution of Latin American capital markets and related reforms over time and relative to other countries. Second, it analyzes the factors related to the development of capital markets, with particular interest on measuring the impact of reforms. And third, in light of this analysis, it discusses the prospects for capital market development in Latin America and emerging economies and the implications for the reform agenda.

How to Achieve Inclusive Growth

2022-01-22 Business & Economics
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Release : 2022-01-22
Genre : Business & Economics
Kind : eBook
Book Rating : 930/5 ( reviews)

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Book Synopsis How to Achieve Inclusive Growth by : Valerie Cerra

Download or read book How to Achieve Inclusive Growth written by Valerie Cerra. This book was released on 2022-01-22. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Rising inequality and widespread poverty, social unrest and polarization, gender and ethnic disparities, declining social mobility, economic fragility, unbalanced growth due to technology and globalization, and existential danger from climate change are urgent global concerns of our day. These issues are intertwined. They therefore require a holistic framework to examine their interplay and bring the various strands together. Leading academic economists have partnered with experts from several international institutions to explain the sources and scale of these challenges. They gather a wide array of empirical evidence and country experiences to lay out practical policy solutions and to devise a comprehensive and unified plan of action for combatting these economic and social disparities. This authoritative book is accessible to policy makers, students, and the general public interested in how to craft a brighter future by building a sustainable, green, and inclusive society in the years ahead.

Deglobalization, Financial Inequality, and the Green Economy

2023-10-20 Business & Economics
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Release : 2023-10-20
Genre : Business & Economics
Kind : eBook
Book Rating : 787/5 ( reviews)

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Book Synopsis Deglobalization, Financial Inequality, and the Green Economy by : Fikret Čaušević

Download or read book Deglobalization, Financial Inequality, and the Green Economy written by Fikret Čaušević. This book was released on 2023-10-20. Available in PDF, EPUB and Kindle. Book excerpt: One of the most challenging issues for the current state of global economy is a highly uneven distribution of global financial assets and liabilities. Drawing on extensive data, this book analyses the new global divisions in economic and financial inequality across the globe in the first two decades of this century. After outlining the context of the global financial system in the aftermath of the Global Financial Crisis of 2008/2009, this book provides a detailed examination of the data on economic and financial inequality, analysing growth rates relative to financial liabilities and assets for all countries where data is available. The central issues in understanding the financial and environmental efficiency of economic growth are also addressed as well as the development of financial and regulatory technologies (FinTech and RegTech). The final part of this book explores the changes in economic growth and financial assets/liabilities as a result of major events in the past three years: Covid Crisis, the rise of inflation and the Russian invasion of Ukraine. The focal point of this analysis is the relationship between the speed of economic growth, the use of financial resources for funding that growth and levels of inequality. The green transition, as one of the most important challenges in the global economy, is an integral part of this analysis, along with the inequality in available financial resources for this transition and potential threats to global financial stability. This book will be vital reading for those interested in inequality, financial economics, the global financial system and economic growth.

The Distribution of Gains from Globalization

2018-03-13 Business & Economics
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Release : 2018-03-13
Genre : Business & Economics
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Book Rating : 064/5 ( reviews)

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Book Synopsis The Distribution of Gains from Globalization by : Valentin F. Lang

Download or read book The Distribution of Gains from Globalization written by Valentin F. Lang. This book was released on 2018-03-13. Available in PDF, EPUB and Kindle. Book excerpt: We study economic globalization as a multidimensional process and investigate its effect on incomes. In a panel of 147 countries during 1970-2014, we apply a new instrumental variable, exploiting globalization’s geographically diffusive character, and find differential gains from globalization both across and within countries: Income gains are substantial for countries at early and medium stages of the globalization process, but the marginal returns diminish as globalization rises, eventually becoming insignificant. Within countries, these gains are concentrated at the top of national income distributions, resulting in rising inequality. We find that domestic policies can mitigate the adverse distributional effects of globalization.

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