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Globalisation and deglobalisation

In: Globalisation and deglobalisation

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  • Central Bank of the Republic of Turkey

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.

Suggested Citation

  • Central Bank of the Republic of Turkey, 2018. "Globalisation and deglobalisation," BIS Papers chapters, in: Bank for International Settlements (ed.), Globalisation and deglobalisation, volume 100, pages 355-362, Bank for International Settlements.
    • Handle: RePEc:bis:bisbpc:100-24
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    File URL: https://www.bis.org/publ/bppdf/bispap100_x.pdf
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    References listed on IDEAS

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    1. Binnur Balkan & Semih Tumen, 2016. "Immigration and prices: quasi-experimental evidence from Syrian refugees in Turkey," Journal of Population Economics, Springer;European Society for Population Economics, vol. 29(3), pages 657-686, July.
    2. Cesar A. Hidalgo & Ricardo Hausmann, 2009. "The Building Blocks of Economic Complexity," Papers 0909.3890, arXiv.org.
    3. Evren Ceritoglu & H. Burcu Gurcihan Yunculer & Huzeyfe Torun & Semih Tumen, 2017. "The impact of Syrian refugees on natives’ labor market outcomes in Turkey: evidence from a quasi-experimental design," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 6(1), pages 1-28, December.
    4. Faruk Aydin & Hulya Saygili & Mesut Saygili, 2007. "Empirical Analysis of Structural Change in Turkish Exports," Working Papers 0708, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
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    3. György Matolcsy & Márton Nagy & Dániel Palotai & Barnabás Virág, 2020. "Inflation in the Digital Age: Inflation Measurement and Bias in the 21st Century," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 19(1), pages 5-36.
    4. Anca Ioana Troto (Iacob), 2021. "Case Study on KOF Globalization Index for Greece, Czech Republic, Poland, Romania and Hungary," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 185-192, December.

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