Geoeconomic Fragmentation and International Diversification Benefits - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Geoeconomic Fragmentation and International Diversification Benefits write by Tatsushi Okuda. This book was released on 2024-03-08. Geoeconomic Fragmentation and International Diversification Benefits available in PDF, EPUB and Kindle. This paper applies the two-country open-economy model with trade in stocks and bonds of Coeurdacier et al. (2010) to quantify the loss of international diversification benefits for major advanced economies, which have a significant presence in international financial markets, under geoeconomic fragmentation. We perform counterfactual simulations under different hypothetical fragmentation scenarios in which these economies are unable to trade with geopolitically distant countries, as measured by voting disagreement on foreign policy issues at the United Nations General Assembly meetings during 2012-2021. The simulation results imply a potentially significant loss of international diversification benefits of financial openness for the considered advanced economies by limiting trading to partner countries that are geopolitical allies with highly synchronized business cycles.
Geo-Economic Fragmentation and the Future of Multilateralism
Geo-Economic Fragmentation and the Future of Multilateralism - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Geo-Economic Fragmentation and the Future of Multilateralism write by Mr. Shekhar Aiyar. This book was released on 2023-01-15. Geo-Economic Fragmentation and the Future of Multilateralism available in PDF, EPUB and Kindle. After several decades of increasing global economic integration, the world is facing the risk of policy-driven geoeconomic fragmentation (GEF). This note explores the ramifications. It identifies multiple channels through which the benefits of globalization were earlier transmitted, and along which, conversely, the costs of GEF are likely to fall, including trade, migration, capital flows, technology diffusion and the provision of global public goods. It explores the consequences of GEF for the international monetary system and the global financial safety net. Finally, it suggests a pragmatic path forward for preserving the benefits of global integration and multilateralism
Diversified Development
Diversified Development - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Diversified Development write by Indermit S. Gill. This book was released on 2014-02-26. Diversified Development available in PDF, EPUB and Kindle. Eurasian economies have to become efficient more productive, job-creating, and stable. But efficiency is not the same as diversification. Governments need to worry less about the composition of exports and production and more about asset portfolios natural resources, built capital, and economic institutions.
World Economic Outlook, April 2024
World Economic Outlook, April 2024 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook World Economic Outlook, April 2024 write by International Monetary. This book was released on 2024-04-16. World Economic Outlook, April 2024 available in PDF, EPUB and Kindle. The latest World Economic Outlook reports economic activity was surprisingly resilient through the global disinflation of 2022–23, despite significant central bank interest rate hikes to restore price stability. Risks to the global outlook are now broadly balanced compared with last year. Monetary policy should ensure that inflation touches down smoothly, while a renewed focus on fiscal consolidation is needed to rebuild room for budgetary maneuver and to ensure debt sustainability. Structural reforms are crucial to revive medium-term growth prospects amid constrained policy space.
ASEAN-5: Further Harnessing the Benefits of Regional Integration Amid Fragmentation Risks
ASEAN-5: Further Harnessing the Benefits of Regional Integration Amid Fragmentation Risks - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook ASEAN-5: Further Harnessing the Benefits of Regional Integration Amid Fragmentation Risks write by Nuri Baek. This book was released on 2023-09-15. ASEAN-5: Further Harnessing the Benefits of Regional Integration Amid Fragmentation Risks available in PDF, EPUB and Kindle. The ASEAN-5 region, which comprises Indonesia, Malaysia, the Philippines, Singapore, and Thailand, has benefited substantially from its integration to the world economy, particularly through trade. Rising risks of geoeconomic fragmentation could reverse some gains reaped from globalization over the past decades. In this context, advancing regional integration among ASEAN-5 members has the potential to enhance the region’s resilience against external headwinds. This paper shows that despite sizeable progress, particularly in regional trade integration, there is room to advance financial integration, which also lags trade integration in ASEAN-5. Empirical findings from the paper illustrate that a higher degree of regional financial integration could generate sizeable output gains for the region. Using firm-level data, the paper highlights that digitalization, an area where the region is thriving, can support regional integration by helping firms better integrate into global value chains, with the benefits being stronger for small and medium sized enterprises. The results also suggest that digitalization can help firms move up the value chain through the production of more sophisticated products, often coined as higher export sophistication.
