Although the relationship between financial development and economic growth have been
extensively studied, the literature that examines the role of financial inclusion, as a key factor …

We use data from the World Bank Global Findex database for 2011 to analyze financial
inclusion in China, including comparisons with the other BRICS countries. We find a high …

We investigate why and how the financial conditions of developing and emerging market
countries (peripheral countries) can be affected by the movements in the center economies …

This paper makes a case that the global imbalances of the 2000s and the recent global
financial crisis are intimately connected. Both have their origins in economic policies …

We provide an overview of the recent developments of the literature on the determinants of
long-term capital flows, global imbalances, and valuation effects. We present the main …

The real exchange rate was not at the center of the first generation neoclassical growth
models, nor was it prominent among the polic prescriptions that flowed from those models …

The period preceding the global financial crisis was characterized by a substantial widening
of current account imbalances across the world. Since the onset of the crisis, these …

We assess some of the explanations that have been put forward for the global pattern of
current account imbalances that has emerged in recent years, particularly the large US …

内容提要本文从国际分工的角度考察了全球失衡问题, 通过构造一个金融市场-
制造业比较优势指标, 利用1990~ 2005 年45 个国家的数据进行了系统的计量研究, 证实金融 …

Abstract OPENNESS AND FISCAL PERSISTENCE Simple accounting suggests that shocks
to the government budget move the current account in the same direction, and this 'twin …