Risk-sharing and Industrial Specialization

Risk-sharing and Industrial Specialization PDF Author: Sebnem Kalemli-Ozcan
Publisher:
ISBN:
Category : Industrial location
Languages : en
Pages : 64

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Book Description

Risk-sharing and Industrial Specialization

Risk-sharing and Industrial Specialization PDF Author: Sebnem Kalemli-Ozcan
Publisher:
ISBN:
Category : Industrial location
Languages : en
Pages : 64

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Book Description


International Risk Sharing During the Globalization Era

International Risk Sharing During the Globalization Era PDF Author: Mr.Akito Matsumoto
Publisher: International Monetary Fund
ISBN: 1451873565
Category : Business & Economics
Languages : en
Pages : 40

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Book Description
Though theory suggests financial globalization should improve international risk sharing, empirical support has been limited. We develop a simple welfare-based measure that captures how far countries are from the ideal of perfect risk sharing. We then take it to data and find international risk sharing has, indeed, improved during globalization. Improved risk sharing comes mostly from the convergence in rates of consumption growth among countries rather than from synchronization of consumption at the business cycle frequency. Our finding explains why many existing measures fail to detect improved risk sharing-they focus only on risk sharing at the business cycle frequency.

The Internationalisation of Asset Ownership in Europe

The Internationalisation of Asset Ownership in Europe PDF Author: Harry Huizinga
Publisher: Cambridge University Press
ISBN: 9780521852951
Category : Business & Economics
Languages : en
Pages : 384

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Book Description
A thorough investigation of financial market integration in Europe.

The Extent of the Market and Stages of Agricultural Specialization

The Extent of the Market and Stages of Agricultural Specialization PDF Author: M. Shahe Emran
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 40

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Book Description
This paper provides empirical evidence of nonlinearity in the relationship between crop specialization in a village economy and the extent of the market (size of the urban market) relevant for the village. The results suggest that the portfolio of crops in a village economy becomes more diversified initially as the extent of the market increases. However, after the market size reaches a threshold, the production structure becomes specialized again. This evidence on the stages of agricultural diversification is consistent with the stages of diversification identified in the recent literature for the economy as a whole and also for the manufacturing sector. The evidence highlights the importance of improving farmers' access to markets through investment in transport infrastructure and removal of barriers to trading.

Financial Integration, Specialization and Systemic Risk

Financial Integration, Specialization and Systemic Risk PDF Author: Falko Fecht
Publisher:
ISBN: 9783865584663
Category :
Languages : en
Pages : 0

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Book Description


Governing the World's Money

Governing the World's Money PDF Author: David M. Andrews
Publisher: Cornell University Press
ISBN: 1501720627
Category : Political Science
Languages : en
Pages : 244

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Book Description
The effective governance of global money and finance is under enormous stress. Deep changes over the last decade in capital markets, exchange rate systems, and government finances suggest dramatic shifts in the contours of monetary power, with tensions rising between the functional logic of international economics and the geographic logic of state-centered politics. Governing the World's Money assesses those tensions and the prospects for their peaceful resolution. Governing the World's Money surveys the frontiers of the global monetary system in ten original essays. Leading scholars of international relations and economics explore the evolution of the instruments available to policy officials for monetary governance. As they analyze the contemporary reordering of political authority in a market-oriented global economy, they open new pathways for the study of regional monetary integration and international institutional reform.

The Islamic Finance Industry

The Islamic Finance Industry PDF Author: Burak Çıkıryel
Publisher: Taylor & Francis
ISBN: 1000882659
Category : Business & Economics
Languages : en
Pages : 159

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Book Description
Islamic finance has emerged to meet the financial needs of people who seek a different approach to conventional banking and finance. Due to its late inception, Islamic finance has often been regarded as an "infant industry" compared to its traditional counterparts. Even though the Islamic finance industry is still classified as nascent, it has shown rapid growth in the last decade or so. The primary objective of this book is to highlight the main issues and challenges the Islamic finance industry faces and to offer practical solutions. Firstly, the book classifies the main components of Islamic finance such as money and banking, capital markets, fintech, microfinance, insurance as well as morality and governance. Secondly, all of the chapters are combined according to their relationship and link with each other so as to provide readers with a unique and holistic overview of the subject. The chapters are written by well-renowned experts in the field. As well as offering readers theoretical information about each subject under discussion, it also advances practical solutions that can contribute to the development of each field. The book answers questions such as how money is created by banks; what the business model of Islamic banking should look like; whether Islamic microfinance institutions are sustainable; what the likely framework of takaful should be; what the potential role of fintech could be in reshaping the Islamic financial system, and where and whether morality fits in the financial system. The book will attract the attention of students, researchers, practitioners, regulators and policymakers.

IMF Staff Papers, Volume 56, No. 1

IMF Staff Papers, Volume 56, No. 1 PDF Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1589067940
Category : Business & Economics
Languages : en
Pages : 248

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Book Description
This special issue brings together world-renowned experts to provide a systematic and critical analysis of the costs and benefits of financial globalization. Contributors include Kenneth Rogoff, Maurice Obstfeld, Dani Rodrik, and Frederic S. Mishkin.

IMF Staff Papers, Volume 52, Special Issue, IMF Conference in Honor of Michael Mussa

IMF Staff Papers, Volume 52, Special Issue, IMF Conference in Honor of Michael Mussa PDF Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 9781589064478
Category : Business & Economics
Languages : en
Pages : 196

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Book Description
This paper focuses on expectations for the American economy focused on the likelihood of secular stagnation, which continued to be debated throughout the post-war period. Concerns rose during the late 1960s and early 1970s about rapid population growth smothering the potential for economic growth in developing countries were contradicted when, during the mid- and late-1970s, fertility rates began to decline rapidly. In policy-oriented institutions (and in most businesses and individual decision making), policymaking decisions are often guided by projections and forward-looking indicators. The case of Michael Mussa has been one of great anticipation, and of great accomplishment, and all the early optimistic forecasts about him have turned out to be correct. Within the sphere of economics, undoubtedly the most famous and widely used forecast—one, incidentally, that thus far has often been incorrect—is that based on the Malthusian doctrine of the relationship between resources and population.

The Future of Petroleum in Lebanon

The Future of Petroleum in Lebanon PDF Author: Sami Atallah
Publisher: Bloomsbury Publishing
ISBN: 1788318498
Category : History
Languages : en
Pages : 377

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Book Description
What is the future of the oil and gas sector in Lebanon? Following the recent discovery of these valuable resources in the southern Mediterranean, including in the Cypriot and Israeli offshore reserves, the possibility of Lebanon also becoming a petroleum-producing country has been raised. This collection of essays addresses the major challenges and opportunities that accompany the country's hope to join the petroleum club. Covering the key policy issues - from Lebanon's susceptibility to the oil curse, to the environmental risks of production - this book brings together expert analysis to offer answers at the institutional level. Of central importance, the contributors argue, is that for Lebanon to benefit from the discovery of petroleum, it must first reform its institutions with the full support of the voting public and civil society. Combining rigorous quantitative and qualitative research, the Lebanese Center for Policy Studies has produced here an essential book that puts petroleum in Lebanon, and the important questions that come with it, within a global perspective.