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Aizenman, Joshua - 1999

foreigners, and the conditions inducing an emerging market economy to switch its policies. We consider an economy characterized … may induce the emerging market's capitalists to support opening up the economy to FDI. This attitude switch is more likely …

Persistent link: https://www.econbiz.de/10012471387

Tariff Liberalization Policy and Financial Restrictions

Aizenman, Joshua - 1983

The purpose of this paper is to assess how restrictions on capital mobility affect adjustment to a tariff liberalization policy. This is done by comparing the adlustment process under free and restricted convertibility of foreign assets in a regime where the commercial exchange rate is pegged....

Persistent link: https://www.econbiz.de/10012477844

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

The Real Exchange Rate, Mercantilism and the Learning by Doing Externality

Aizenman, Joshua - 2008

growth. We obtain mixed results. For an economy where LBD externality operates in the traded sector, real exchange rate …

Persistent link: https://www.econbiz.de/10012464794

Determinants of Deposit-Insurance Adoption and Design

Demirguc-Kunt, Asli - 2007

This paper identifies factors that influence decisions about a country's financial safety net, using a comprehensive dataset covering 180 countries during the 1960-2003 period. Our analysis focuses on how private interest-group pressures, outside influences, and political-institutional factors...

Persistent link: https://www.econbiz.de/10012465794

Inflation Targeting and Sudden Stops

Caballero, Ricardo J. - 2003

Emerging economies experience sudden stops in capital inflows. As we have argued in Caballero and Krishnamurthy (2002), having access to monetary policy during these sudden stops is useful, but mostly for insurance' rather than for aggregate demand reasons. In this environment, a central bank...

Persistent link: https://www.econbiz.de/10012469099

How Country and Safety-Net Characteristics Affect Bank Risk-Shifting

Hovakimian, Armen - 2002

insurance has had adverse effects in environments that are low in political and economic freedom and high in corruption …

Persistent link: https://www.econbiz.de/10012469384

Creative Destruction and Development : Institutions, Crises, and Restructuring

Caballero, Ricardo J. - 2000

There is increasing empirical evidence that creative destruction, driven by experimentation and the adoption of new products and processes when investment is sunk, is a core mechanism of development. Obstacles to this process are likely to be obstacles to the progress in standards of living....

Persistent link: https://www.econbiz.de/10012470894

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

House Valuations and Economic Growth : Some International Evidence

Aizenman, Joshua - 2016

association between house price depreciations and economic growth is more pronounced in countries with civil-law legal systems, in … countries without mortgage insurance or personal bankruptcy law …

Persistent link: https://www.econbiz.de/10012455981