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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 …
Persistent link: https://www.econbiz.de/10004969128
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 …
Persistent link: https://www.econbiz.de/10008528523
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 …
Persistent link: https://www.econbiz.de/10005498014
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...
Persistent link: https://www.econbiz.de/10005791718
Conventional wisdom holds that protectionism is counter-cyclic; tariffs, quotas and the like grow during recessions. While that may have been a valid description of the data before the Second World War, it is no longer accurate. In the post-war era, protectionism has not actually moved...
Persistent link: https://www.econbiz.de/10011083599
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. …
Persistent link: https://www.econbiz.de/10004973969
distinct countries or territories have left a currency union, while over sixty have remained continuously in currency unions. I … compare countries leaving currency unions to those remaining within them, and find that leavers tend to be larger, richer, and …
Persistent link: https://www.econbiz.de/10005123773
This Paper uses 67 measures of trade policy and trade liberalization to ask if membership in the World Trade … policy. Almost no measures of trade policy are significantly correlated with GATT/WTO membership. Trade liberalizations, when … they occur, usually lag GATT entry by many years, and the GATT/WTO often admits countries that are closed and remain closed …
Persistent link: https://www.econbiz.de/10005662054
covering annual bilateral trade flows between over 175 countries between 1950 and 1999, and estimate the effect of GATT …
Persistent link: https://www.econbiz.de/10005789132