Showing 1 - 10 of 12
This paper uses a panel of data from 22 countries between 1967 and 1992 to explore the trade-off between the `Holy Trinity' of fixed exchange rates, independent monetary policy, and capital mobility. I use: flexible- and sticky-price monetary exchange rate models to parameterize monetary...
Persistent link: https://www.econbiz.de/10005792404
’. Fixed exchange rates are typically stable and floating exchange rates are volatile, but macro phenomena are regime … international finance is explaining these cross-regime differences in exchange rate volatility. The evidence suggests that a switch …
Persistent link: https://www.econbiz.de/10005788957
Fixed exchange rates are less volatile than floating rates. The volatility of macroeconomic variables, such as money and output, does not change very much across exchange rate regimes, however. This suggests that exchange rate models based only on macroeconomic fundamentals are unlikely to be...
Persistent link: https://www.econbiz.de/10005792135
This study is a comprehensive, empirical analysis of the linkages between governance, institutions, and regional … infrastructure. The empirical results indicate that governance and institutions are crucial for regional infrastructure development … : every one point improvement in governance results in a 1 to 1.5 point rise in regional infrastructure. Countries (and …
Persistent link: https://www.econbiz.de/10009363303
This paper seeks to explore the relationship between economic growth and governance performance in Asian developing …, the state of governance in Asia is not stellar by international comparison. Indeed, a majority of these countries seem to … suffer from a governance deficit. Second, contrary to our expectation, data do not suggest any strong positive link between …
Persistent link: https://www.econbiz.de/10009363600
The primary objective of this paper is to find whether or not the governance and institutions matter for enhancing … Asias trade. In this study, we have performed a comprehensive empirical analysis of the linkages between governance and … trade at the Asian subregional level. Our results indicate that all individual governance indicators except regulatory …
Persistent link: https://www.econbiz.de/10009365058
This Paper presents theory and evidence on the relationship between inequality and institutional quality. We exhibit a model in which the two dynamically reinforce each other and set to test this relationship with a broad array of institutional measures. We establish the double causality between...
Persistent link: https://www.econbiz.de/10005124033
This paper aims to ascertain the effects of convergence in governance on investment decisions among a sample of 43 … governance are considered to be areas of higher investment, as a result of further integration and collaborative action among … process and, to a large extent, this is about institutional transformation. Good governance institutions are an assurance to …
Persistent link: https://www.econbiz.de/10008804713
, with special emphasis on the role of governance. Based on the existing literature, we have categorized what types of … governance institutions are more detrimental to entrepreneurial investments. We have then estimated a simultaneous model of … private investment and governance quality where economic policies concurrently explain both variables. Our empirical results …
Persistent link: https://www.econbiz.de/10008805118
order to examine this question, we designed a behavioral measure of the population’s desire for better governance. A … countries with better governance, especially return migrants. …
Persistent link: https://www.econbiz.de/10008854468