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 …

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 …

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 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 …

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 …

monetary policy in these countries does not have any obvious international cost. Inflation targeters have lower exchange rate … number of developing countries now have domestic inflation targets administered by independent and transparent central banks …. These countries place few restrictions on capital mobility and allow their exchange rates to float. The domestic focus of …

Inflation targeting seems to have a small but positive effect on the synchronization of business cycles; countries that … targeting does not explain the decoupling of global business cycles, for two reasons. Indeed business cycles have not in fact … become less synchronized across countries. …

international finance is explaining these cross-regime differences in exchange rate volatility. The evidence suggests that a switch …’. Fixed exchange rates are typically stable and floating exchange rates are volatile, but macro phenomena are regime … in exchange rate policy is accompanied by a change in market structure; macroeconomic considerations are superfluous. We …