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number of experts have argued that the fluctuations of Colombia's real exchange rate have been mainly determined by world …
Persistent link: https://www.econbiz.de/10012477515
productivity growth. It is found that countries that are more open to the rest of the world have experienced faster growth in total …
Persistent link: https://www.econbiz.de/10012474434
There is a widespread view that world payments imbalances can be remedied through increased demand in surplus countries … redistribution of world spending away from the US leads to an excess supply of US goods unless accompanied by a decline in their … relative price. Although some economists believe that the integration of world capital markets somehow eliminates this problem …
Persistent link: https://www.econbiz.de/10012476644
Persistent link: https://www.econbiz.de/10010253680
A gravity model is used to assess the separate effects of exchange rate volatility and currency unions on international trade. The panel data set used includes bilateral observations for five years spanning 1970 through 1990 for 186 countries. In this data set, there are over one hundred...
Persistent link: https://www.econbiz.de/10012471350
labor market. In the platform, workers from around the world compete for jobs that can be done remotely. We document that …
Persistent link: https://www.econbiz.de/10012660114
How does income from international migrant labor affect the long-run development of migrant-origin areas? We leverage the 1997 Asian Financial Crisis to identify exogenous changes in international migrant income across regions of the Philippines, derived from spatial variation in exposure to...
Persistent link: https://www.econbiz.de/10013172161
In the past fifteen years key exchange rates have moved in larger and more persistent ways than advocates of flexible rates in the late 1960s would have left anyone free to imagine. Certainly there was no expectation of constancy for nominal exchange rates. But real exchange rate movements of 30...
Persistent link: https://www.econbiz.de/10012476999
This paper develops a dynamic framework in which macroeconomic liberalization and stabilization measures of the type recently seen in Latin America can be studied. The model is sufficiently general to cover both polar cases of a closed capital account and free private capital mobility, so the...
Persistent link: https://www.econbiz.de/10012477560