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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Banco Central de Chile
2019
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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 |
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Banco Central |
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Banco Central |
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eng |
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DESARROLLO ECONÓMICO MERCADO DE CAPITALES |
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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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