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 …

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 …

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 …

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 …

We study the pricing of political uncertainty in a general equilibrium model of government policy choice. We find that … volatile and more correlated when the economy is weak. In addition, we find that government policies cannot be judged by the … political uncertainty commands a risk premium whose magnitude is larger in poorer economic conditions. Political uncertainty …

is quite difficult to make empirically. It is often hard to figure out what the exchange rate regime of a country is in … practice, since there are multiple conflicting regime classifications. More importantly, similar countries choose radically …This paper provides a selective survey of the incidence, causes, and consequences of a country’s choice of its exchange …