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Does leaving a currency union reduce international trade? We answer this question using a large annual panel data set … covering over 230 countries from 1948-97. During this sample over one hundred pairs of countries had currency union … factors. Assuming symmetry, we estimate that a pair of countries that starts to use a common currency experiences a doubling …
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As communication costs fall, foreign embassies and consulates have lost much of their role in decision-making and information-gathering. Accordingly, foreign services are increasingly marketing themselves as agents of export promotion. I investigate whether exports are in fact systematically...
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Multiple Cause (MIMIC) model. Our analysis is conducted on a cross-section of 107 countries; we focus on national causes and … equity markets; international imbalances and foreign reserve adequacy; macroeconomic policies; and institutional and … consequences of the crisis, ignoring cross-country "contagion" effects. Our model of the incidence of the crisis combines 2008 …
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Multiple Cause (MIMIC) model. Our analysis is conducted on a cross-section of 85 countries; we focus on international linkages … that may have allowed the crisis to spread across countries. Our model of the cross-country incidence of the crisis … are both national (such as equity market run-ups that preceded the crisis) and, critically, international financial and …
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of a country's institutions, heterogeneity, and a number of different international indices and rankings. I have little … success; small countries are more open to international trade than large countries, but are not systematically different …I search for a 'scale' effect in countries. I use a panel data set that includes 200 countries over forty years and …
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