External conditions and growth performance

A central dimension of globalization is the world trend toward larger trade and financial openness, observed in most industrial and developing economies. Openness increases the integration of world goods and capital markets, contributing to potential gains in growth and welfare. However, increased i...

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Autores principales: Calderón, César, Loayza O., Norman, Schmidt-Hebbel, Klaus
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
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Acceso en línea:https://hdl.handle.net/20.500.12580/3707
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spelling oai-20.500.12580-37072021-04-24T10:31:04Z External conditions and growth performance Calderón, César Loayza O., Norman Schmidt-Hebbel, Klaus DESARROLLO ECONÓMICO MERCADO DE CAPITALES A central dimension of globalization is the world trend toward larger trade and financial openness, observed in most industrial and developing economies. Openness increases the integration of world goods and capital markets, contributing to potential gains in growth and welfare. However, increased integration may also lead to heightened vulnerability to external shocks. This vulnerability may be particularly important in developing countries, given their production specialization, nondiversified sources of income, unstable policies, incomplete financial markets, and weak institutions. 2019-11-01T00:03:11Z 2019-11-01T00:03:11Z 2006 Artículo 956-7421-23-4 https://hdl.handle.net/20.500.12580/3707 eng Series on Central Banking, Analysis, and Economic Policies, no. 10 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 41-70 application/pdf Banco Central de Chile
institution Banco Central
collection Banco Central
language eng
topic DESARROLLO ECONÓMICO
MERCADO DE CAPITALES
spellingShingle DESARROLLO ECONÓMICO
MERCADO DE CAPITALES
Calderón, César
Loayza O., Norman
Schmidt-Hebbel, Klaus
External conditions and growth performance
description A central dimension of globalization is the world trend toward larger trade and financial openness, observed in most industrial and developing economies. Openness increases the integration of world goods and capital markets, contributing to potential gains in growth and welfare. However, increased integration may also lead to heightened vulnerability to external shocks. This vulnerability may be particularly important in developing countries, given their production specialization, nondiversified sources of income, unstable policies, incomplete financial markets, and weak institutions.
format Artículo
author Calderón, César
Loayza O., Norman
Schmidt-Hebbel, Klaus
author_facet Calderón, César
Loayza O., Norman
Schmidt-Hebbel, Klaus
author_sort Calderón, César
title External conditions and growth performance
title_short External conditions and growth performance
title_full External conditions and growth performance
title_fullStr External conditions and growth performance
title_full_unstemmed External conditions and growth performance
title_sort external conditions and growth performance
publisher Banco Central de Chile
publishDate 2019
url https://hdl.handle.net/20.500.12580/3707
work_keys_str_mv AT calderoncesar externalconditionsandgrowthperformance
AT loayzaonorman externalconditionsandgrowthperformance
AT schmidthebbelklaus externalconditionsandgrowthperformance
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