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Central America
			: Global Integration and Regional Cooperation

Central America : Global Integration and Regional Cooperation »

Series: Occasional Papers

Author(s): Markus Rodlauer , and Alfred Schipke

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 July 2005

DOI: http://dx.doi.org/10.5089/9781589064461.084

ISBN: 9781589064461

Keywords: Tax administration, Statistics, exchange rate, exchange rate regimes, exchange rate regime, free trade, trade diversion

Central America has received growing attention as a region that is integrating successfully into the global economy. This paper examines-among other things-the macroeconomic and fiscal implications of the Free Trad...

Effects of Financial Globalization on Developing Countries
			: Some Empirical Evidence

Effects of Financial Globalization on Developing Countries : Some Empirical Evidence »

Series: Occasional Papers

Author(s): Ayhan Kose , Kenneth Rogoff , Eswar Prasad , and Shang-Jin Wei

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 September 2003

DOI: http://dx.doi.org/10.5089/9781589062214.084

ISBN: 9781589062214

Keywords: Developing countries, capital flows, financial integration, globalization, capital inflows, financial globalization

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 appare...

IV Financial Globalization and Macroeconomic Volatility

IV Financial Globalization and Macroeconomic Volatility »

Source: Effects of Financial Globalization on Developing Countries : Some Empirical Evidence

Series: Occasional Papers

Author(s): Ayhan Kose , Kenneth Rogoff , Eswar Prasad , and Shang-Jin Wei

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 September 2003

ISBN: 9781589062214

Keywords: Developing countries, capital flows, financial integration, globalization, capital inflows, financial globalization

International financial integration should, in principle, help countries to reduce macroeconomic volatility. The survey presented in this section, including some new evidence, suggests that developing countr...

V Absorptive Capacity and Governance in the Benefits/Risks of Globalization

V Absorptive Capacity and Governance in the Benefits/Risks of Globalization »

Source: Effects of Financial Globalization on Developing Countries : Some Empirical Evidence

Series: Occasional Papers

Author(s): Ayhan Kose , Kenneth Rogoff , Eswar Prasad , and Shang-Jin Wei

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 September 2003

ISBN: 9781589062214

Keywords: Developing countries, capital flows, financial integration, globalization, capital inflows, financial globalization

There is some evidence of a “threshold effect” in the relationship between financial integration and economic growth. Moreover, there is some preliminary evidence supporting the view that better national gov...

VIII The Political Economy of Implementing Pro-Growth and Anti-Poverty Policy Strategies in Central America

VIII The Political Economy of Implementing Pro-Growth and Anti-Poverty Policy Strategies in Central America »

Source: Central America : Global Integration and Regional Cooperation

Series: Occasional Papers

Author(s): Markus Rodlauer , and Alfred Schipke

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 July 2005

ISBN: 9781589064461

Keywords: Tax administration, Statistics, exchange rate, exchange rate regimes, exchange rate regime, free trade, trade diversion

As described in the previous sections of this paper, Central America has made significant political, economic, and social progress since the start of the 1990s, but considerable challenges remain. Although t...