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Rose, Andrew K. - 2013

In contrast to earlier recessions, the monetary regimes of many small economies have not changed in the aftermath of the global financial crisis. This is due in part to the fact that many small economies continue to use hard exchange rate fixes, a reasonably durable regime. However, most of the...

Persistent link: https://www.econbiz.de/10012459030

A Distant Mirror of Debt, Default, and Relief

Reinhart, Carmen M. - 2014

We take a first pass at quantifying the magnitudes of debt relief achieved through default and restructuring in two distinct samples: 1979-2010, focusing on credit events in emerging markets, and 1920-1939, documenting the official debt hangover in advanced economies that was created by World...

Persistent link: https://www.econbiz.de/10012458088

Measuring Real Economic Effects of Bailouts : Historical Perspectives on How Countries in Financial Distress Have Fared With and Without Bailouts

Bordo, Michael D. - 2000

In this paper we first trace the changing nature of banking, currency and debt crises from the last century to the present. Each type of crisis has transmogrified in the presence of official intervention and the creation of a safety net. A similar pattern is observed for international rescue...

Persistent link: https://www.econbiz.de/10012471060

Estimating the effect of the one-child policy on sex ratio imbalance in China : identification based on the difference-in-differences

Li, Hongbin; Yi, Junjian; Zhang, Junsen - 2010

likely confounded by other omitted policy shocks or socioeconomic changes. Moreover, we conduct the DD estimation using both …

Persistent link: https://www.econbiz.de/10008989746

Testing for selection bias

Joo, Joonhwi; LaLonde, Robert John - 2014

This paper uses the control function to develop a framework for testing for selection bias. The idea behind our framework is if the usual assumptions hold for matching or IV estimators, the control function identifies the presence and magnitude of potential selection bias. Averaging this...

Persistent link: https://www.econbiz.de/10010407986

Assessing the external validity of an experimental wage subsidy

Kamionka, Thierry (contributor); Lacroix, Guy (contributor) - 2005

In Canada, a policy aiming at helping single parents on social assistance become self-reliant was implemented on an experimental basis. The Self-Sufficiency Entry Effects Demonstration randomly selected a sample of 4,134 single parents who had applied for welfare between January 1994 and March...

Persistent link: https://www.econbiz.de/10002654331

Dealing with imperfect randomization : inference for the Highscope Perry Preschool Program

Heckman, James J.; Pinto, Rodrigo; Shaikh, Azeem M. - 2023

This paper considers the problem of making inferences about the effects of a program on multiple outcomes when the assignment of treatment status is imperfectly randomized. By imperfect randomization we mean that treatment status is reassigned after an initial randomization on the basis of...

Persistent link: https://www.econbiz.de/10014444383

Deadly Debt Crises : COVID-19 in Emerging Markets

Arellano, Cristina - 2020

The COVID-19 epidemic in emerging markets risks a combined health, economic, and debt crisis. We integrate a standard epidemiology model into a sovereign default model and study how default risk impacts the ability of these countries to respond to the epidemic. Lockdown policies are useful for...

Persistent link: https://www.econbiz.de/10012481857

Domestic and Multilateral Effects of Capital Controls in Emerging Markets

Pasricha, Gurnain - 2015

Using a novel, high frequency dataset on capital control actions in 16 emerging market economies (EMEs) from 2001 to 2012, we provide new insights into the domestic and multilateral effects of capital controls. Increases in capital account openness reduce monetary policy autonomy and increase...

Persistent link: https://www.econbiz.de/10012457844

The Breakup of the Euro Area

Eichengreen, Barry - 2007

The possibility that the euro area might break up was being raised even before the single currency existed. These … scenarios were then lent new life five or six years on, when appreciation of the euro and problems of slow growth in various … unlikely, I argue here, that one or more members of the euro area will leave in the next ten years; total disintegration of the …

Persistent link: https://www.econbiz.de/10012465257

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