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The Bond Market: An Inflation-Targeter's Best Friend

Rose, Andrew K - C.E.P.R. Discussion Papers - 2014

, domestic-currency bond market. Bond holders suffer from inflation and could be a potent anti-inflationary force; I ask whether …

Persistent link: https://www.econbiz.de/10011084572

Crisis? What Crisis? Currency vs. Banking in the Financial Crisis of 1931

Ritschl, Albrecht; Sarferaz, Samad - C.E.P.R. Discussion Papers - 2009

This paper examines the role of currency and banking in the German financial crisis of 1931 for both Germany and the U …

Persistent link: https://www.econbiz.de/10008493469

Did Inflation Really Soar After the Euro Cash Changeover? Indirect Evidence from ATM Withdrawals

Angelini, Paolo; Lippi, Francesco - C.E.P.R. Discussion Papers - 2005

alleged inflationary effects of the new currency. In Italy, as in the rest of the euro area, survey-based measures signaled a …

Persistent link: https://www.econbiz.de/10005504448

Currency Unions and International Integration

Engel, Charles M; Rose, Andrew K - C.E.P.R. Discussion Papers - 2001

This Paper characterizes the integration patterns of international currency unions (such as the CFA Franc zone and the … countries with sovereign monies, and to regions within nations. We ask: are countries within international currency unions as … East Caribbean Currency Area). We empirically explore different features of currency unions, and compare them both to …

Persistent link: https://www.econbiz.de/10005666442

Leverage Across Firms, Banks and Countries

Kalemli-Ozcan, Sebnem; Sørensen, Bent E; Yesiltas, Sevcan - C.E.P.R. Discussion Papers - 2011

We present new stylized facts on bank and firm leverage for 2000-2009 using extensive internationally comparable micro level data from several countries. The main result is that there was very little buildup in leverage for the average non-financial firm and commercial bank before the crisis,...

Persistent link: https://www.econbiz.de/10009283393

Protectionism Isn’t Counter-Cyclic (anymore)

Rose, Andrew K - C.E.P.R. Discussion Papers - 2012

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

What Calls to ARMs? International Evidence on Interest Rates and the Choice of Adjustable Rate Mortgages

Badarinza, Cristian; Campbell, John Y; Ramadorai, Tarun - C.E.P.R. Discussion Papers - 2014

The relative popularity of adjustable-rate mortgages (ARMs) and fixed-rate mortgages (FRMs) varies considerably both across countries and over time. We ask how movements in current and expected future interest rates affect the share of ARMs in total mortgage issuance. Using a nine-country panel...

Persistent link: https://www.econbiz.de/10011084239

Cross-Country Causes and Consequences of the 2008 Crisis: Early Warning

Rose, Andrew K; Spiegel, Mark - C.E.P.R. Discussion Papers - 2009

equity markets; international imbalances and foreign reserve adequacy; macroeconomic policies; and institutional and …

Persistent link: https://www.econbiz.de/10004969128

Does the WTO Make Trade More Stable?

Rose, Andrew K - C.E.P.R. Discussion Papers - 2004

I examine the hypothesis that membership in the World Trade Organization (WTO) and its predecessor the General Agreement on Tariffs and Trade (GATT) has increased the stability and predictability of trade flows. I use a large dataset covering annual bilateral trade flows between over 175...

Persistent link: https://www.econbiz.de/10005789132

The Foreign Service and Foreign Trade: Embassies as Export Promotion

Rose, Andrew K - C.E.P.R. Discussion Papers - 2005

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