Globalisation and deglobalisation
Central Bank of the Republic of Turkey
A chapter in Globalisation and deglobalisation, 2018, vol. 100, pp 355-362 from Bank for International Settlements
Abstract:
Globalisation has contributed positively to the global economy in terms of economic growth and welfare. However, especially amid rising global interdependence, closer synchronisation of business and financial cycles and stronger linkages across monetary, macroprudential and fiscal policies, as well as burgeoning protectionist sentiments, the changes it causes in the flow of goods, services, capital and people can also be disruptive, destabilising processes of production and funding. Future policies should aim to maintain stability while ensuring that efficient flows can be maintained.
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:bis:bisbpc:100-24
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