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Why should emerging economies give up national currencies? : A case for "institutions substitution"
Mendoza, Enrique G. (contributor) - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001793449
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Financial Globalization, Financial Crises and Contagion
Mendoza, Enrique G. - 2009
financial institutions and asset markets. Using an open-economy model where financial intermediaries play a central role, we …
Persistent link: https://www.econbiz.de/10012463217
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Global Business Cycles : Convergence or Decoupling?
Kose, M. Ayhan - 2008
This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups -- industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose...
Persistent link: https://www.econbiz.de/10012464278
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Why Should Emerging Economies Give up National Currencies : A Case for 'Institutions Substitution'
Mendoza, Enrique G. - 2002
explosive mix of lack of policy credibility and world capital market imperfections that afflict emerging economies with national …
Persistent link: https://www.econbiz.de/10012469764
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World Shocks, World Prices, and Business Cycles : An Empirical Investigation
Fernández, Andrés - 2016
intratemporal relative price such as the terms of trade and possibly an intertemporal price such as the world interest rate. This … paper presents an empirical framework in which multiple commodity prices and the world interest rate transmit world … disturbances. Estimates on a panel of 138 countries over the period 1960-2015 indicate that world shocks explain on average 33 …
Persistent link: https://www.econbiz.de/10012455847