scholarly journals Financial Integration and International Business Cycle Co-movement: Wealth Effects vs. Balance Sheet Effects

2011 ◽  
Vol 2011 (89) ◽  
Author(s):  
J. Scott Davis ◽  
Author(s):  
Guillermo Calvo ◽  
Alejandro Izquierdo ◽  
Luis-Fernando Mejía

Using a sample of 110 developed and developing countries for the period 1990-2004, the chapter claims that a small supply of tradable goods relative to their domestic absorption, and large foreign-exchange denominated debts towards the domestic banking system, denoted Domestic Liability Dollarization, are key determinants of the probability of Systemic Sudden Stop (3S). Moreover, the larger is financial integration, the larger is likely to be the probability of 3S; however, beyond a critical point the relationship gets a sign reversion.


2020 ◽  
Vol 65 ◽  
pp. 103211 ◽  
Author(s):  
Luis Servén ◽  
Girum Dagnachew Abate

1956 ◽  
Vol 7 (2) ◽  
pp. 339
Author(s):  
Henri Guitton ◽  
E. Marcus

2011 ◽  
Vol 28 (1-2) ◽  
pp. 259-263 ◽  
Author(s):  
José Luis Cendejas Bueno ◽  
Sonia de Lucas Santos ◽  
Ma Jesús Delgado Rodríguez ◽  
Inmaculada Álvarez Ayuso

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