G2TT
来源类型Discussion paper
规范类型论文
来源IDDP7135
DP7135 Contrasting Trends in Firm Volatility: Theory and Evidence
David Thesmar
发表日期2009-01-23
出版年2009
语种英语
摘要We review the large literature on various economic policies that could help developing economies effectively manage the process of financial globalization. Our central findings indicate that policies promoting financial sector development, institutional quality and trade openness appear to help developing countries derive the benefits of globalization. Similarly, sound macroeconomic policies are an important prerequisite for ensuring that financial integration is beneficial. However, our analysis also suggests that the relationship between financial integration and economic policies is a complex one and that there are unavoidable tensions inherent in evaluating the risks and benefits associated with financial globalization. In light of these tensions, structural and macroeconomic policies often need to be tailored to take into account country specific circumstances to improve the risk-benefit tradeoffs of financial integration. Ultimately, it is essential to see financial integration not just as an isolated policy goal but as part of a broader package of reforms and supportive macroeconomic policies.
主题Development Economics ; International Macroeconomics
关键词Capital account liberalization Financial globalization
URLhttps://cepr.org/publications/dp7135
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/535972
推荐引用方式
GB/T 7714
David Thesmar. DP7135 Contrasting Trends in Firm Volatility: Theory and Evidence. 2009.
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