PL EN


Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
2011 | 1 |

Tytuł artykułu

Globalizacja finansowa a finanse rolnictwa

Autorzy

Treść / Zawartość

Warianty tytułu

Języki publikacji

PL

Abstrakty

EN
Financial globalization affects agricultural finance through the foreign exchange channel and the transfer of disturbances within financial systems, as well as a decrease in overall economic activity abroad. International external factors modify the nature, objectives and instruments of the national macroeconomic policy, and thus, in the narrowest perspective, the combination of fiscal and monetary policy. In wider terms, macroeconomic policy today must also take account of the financial stability of the state. These are all parameters given for financial policy in agriculture, which i.a. decrease the effectiveness of fiscal and monetary multipliers, and in consequence reduce marginal and average effectiveness of financial interventionism. The programmes enhancing fiscal and monetary expansion in agriculture should therefore be prepared with great caution and regular monitoring should cover the sector’s debt, prices on the land and lease market, mechanisms of agricultural price transmission, creating margins and values in the supply chains, and the risk of speculative bubbles in the area of agricultural assets and agri-food products.

Słowa kluczowe

Wydawca

-

Rocznik

Numer

1

Opis fizyczny

s.3-26,rys.,tab.,bibliogr.

Twórcy

autor
  • Instytut Ekonomiki Rolnictwa i Gospodarki Żywnościowej – Państwowy Instytut Badawczy, Warszawa

Bibliografia

  • 1. Briggeman C.B., Gunderson A.M., Gloy A.B.: The financial health of agricultural lenders. American Journal of Agricultural Economics, vol. 91, no. 5, 2009.
  • 2. Ellinger N.P.: An overview of the linkages of the global financial crisis to production agriculture. American Journal of Agricultural Economics, vol. 91, no. 5, 2009.
  • 3. Kose A.M., Prasad E., Rogoff K., Wei J.S.: Financial globalization: a reappraisal. IMF Working Paper, WP/06/189, 2006.
  • 4. Kose A.M., Prasad E., Rogoff K., Wei J.S.: Financial globalization: a reappraisal. IMFstaffpapers, vol. 56, no. 1, 2009.
  • 5. Krugman R.P., Obstfeld M.: Ekonomia międzynarodowa. Teoria i polityka. PWN, Warszawa 2007.
  • 6. Kwon H.D., Koo W.W.: Interdependence of macro and agricultural economics: how sensitive is the relationship? American Journal of Agricultural Economics, vol. 91, no. 5, 2009.
  • 7. Lane P.R., Milesi-Feretti M.G.: International financial integration. IMFstaffpapers, vol. 50, 2003.
  • 8. Lane R.P., Milesi-Ferretti M.G.: The drivers of financial globalization. American Economic Review, vol. 98, no. 2, 2008.
  • 9. Martin P., Rey H.: Globalization and emerging markets: with or without crash? The American Economic Review, vol. 96, no. 5, 2006.
  • 10. Masny M.: Chcesz pokoju, szykuj się na kryzys. Bank, nr 7/8, 2008.
  • 11. Masten B.A. Coricelli F., Masten I.: Non-linear growth effects of financial development: does financial integration matter? Journal of International Money and Finance, vol. 27, 2008.
  • 12. Mishkin S.F.: Globalization and financial development. Journal of Development Economics, vol. 81, no. 2, 2009.
  • 13. Mishkin S.F.: Why we shouldn’t turn our backs on financial globalization. IMFstaffpapers, vol. 56, no. 1, 2009.
  • 14. Obstfeld M.: International finance and growth in developing countries: what have we learned? IMFstaffpapers, vol. 56, no. 1, 2009.
  • 15. Paulsen D.N., Sherrick J.B.: Impacts of the financial crisis on risk capacity and exposure in agriculture. American Journal of Agricultural Economics, vol. 91, no. 5, 2009.
  • 16. Prasad E.S., Rogoff K., Wei S.J., Kose A.M.: Effects of financial globalization on developing countries. Some empirical evidence. International Monetary Fund, 2003.
  • 17. Ranciere R., Tornell A., Westermann F.: Systemic crises and growth. Quarterly Journal of Economics, vol. 89, no. 3, 2008.
  • 18. Rodrik D., Subramanian A.: Why did financial globalization disappoint? IMFstaffpapers, vol. 56, no. 1, 2009.
  • 19. Rose K.A., Spiegel M.M.: International financial remoteness and macroeconomic volatility. Journal of Development Economics, vol. 89, no. 2, 2009.
  • 20. Rychłowska-Musiał E.: Przeinwestowanie i koszty agencji długu w spółce. Ekonomista, nr 1, 2010.
  • 21. Saghaian S.H., Reed R.M., Marchant A.M.: Monetary impacts and overshooting of agricultural prices in an open economy. American Journal of Agricultural Economics, vol. 84, no. 1, 2002.
  • 22. Schuh G.E.: The exchange rate and U.S. agriculture. American Journal of Agricultural Economics, vol. 56, no. 1, 1974.
  • 23. Spiegel M.M.: Financial globalization and monetary policy discipline: a survey with new evidence from financial remoteness. IMFstaffpapers, vol. 56, no 1, 2009.
  • 24. Swinnen M.F.: Reforms, globalization, endogenous agricultural structures. Agricultural Economics, vol. 40, supplement to issue 40.6, 2009.
  • 25. Tytell I., Wei J.S.: Global capital flows and national policy choices. IMF, Washington DC, 2005.

Uwagi

PL
Rekord w opracowaniu

Typ dokumentu

Bibliografia

Identyfikatory

Identyfikator YADDA

bwmeta1.element.agro-693f2854-74ec-421d-a17d-b52e1a5e1ed4
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.