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Chinese Currency Controversies
Eichengreen, Barry - C.E.P.R. Discussion Papers - 2004
This Paper reviews the controversy over China’s exchange rate regime. Placing the issue in the context of the … literature on exit strategies, it argues that now is the best time for China to exit from its peg. Moving to a managed float …
Persistent link: https://www.econbiz.de/10005067647
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Impoverished, but Numerate? Early Numeracy in East Asia (1550–1800) and its Impact on 20th and 21st Century Economic Growth
Baten, Jörg; Sohn, Kitae - C.E.P.R. Discussion Papers - 2014
period 1550–1630. We add evidence from Japan and China from the early modern period until 1800 to obtain a human capital … estimate for East Asia. We find that numeracy was high by global standards, even considering the potential sources of upward … bias inherent in the data. Therefore, the unusually high level of numeracy in East Asia in the early 21st century was …
Persistent link: https://www.econbiz.de/10011083906
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Internal Geography and External Trade: regional disparities in Italy, 1861-2011
A'Hearn, Brian; Venables, Anthony J - C.E.P.R. Discussion Papers - 2011
This paper explores the interactions between external trade and regional disparities in the Italian economy since unification. It argues that the advantage of the North was initially based on natural advantage (in particular the endowment of water, intensive in silk production). From 1880...
Persistent link: https://www.econbiz.de/10009365644
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On the Origins of Border Effects: Insights from the Habsburg Customs Union
Schulze, Max Stephan; Wolf, Nikolaus - C.E.P.R. Discussion Papers - 2007
This paper examines the emergence and dynamics of border effects over time. We exploit the unique historical setting of the multinational Habsburg Empire prior to the Great War to explore the hypothesis that border effects emerged as a result of persistent trade effects of ethno-linguistic...
Persistent link: https://www.econbiz.de/10005662322
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Did Vasco da Gama Matter for European Markets? Testing Frederick Lane's Hypotheses Fifty Years Later
O'Rourke, Kevin Hjortshøj; Williamson, Jeffrey G - C.E.P.R. Discussion Papers - 2005
In his seminal publications between the 1930s and 1960s, Frederick Lane offered three hypotheses regarding the impact of the Voyages of Discovery that have guided debate ever since. First, pepper and other spice prices did not rise in European markets in the century before the 1490s, and thus...
Persistent link: https://www.econbiz.de/10005788993
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Market Integration and Convergence to the Law of One Price: Evidence from the European Car Market
Goldberg, Pinelopi; Verboven, Frank - C.E.P.R. Discussion Papers - 2001
This Paper exploits the unique experiment of European market integration to investigate the relationship between integration and price convergence in international markets. Using a panel data set of car prices we examine how the process of integration has affected cross-country price dispersion...
Persistent link: https://www.econbiz.de/10005791246
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Macroeconomic Import Functions with Imperfect Competition. An Application to the EC Trade
Oliveira-Martins, Joaquim; Toujas-Bernate, Joel - C.E.P.R. Discussion Papers - 1992
This paper analyses the consequences for the standard import allocation models of assuming monopolistic competition on the supply side. Together with relative prices, this requires additional variables to capture product differentiation effects. To this end, we derive a composite price index...
Persistent link: https://www.econbiz.de/10005791569
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Commodity Taxation and Parallel Imports
Raimondos-Møller, Pascalis; Schmitt, Nicolas - C.E.P.R. Discussion Papers - 2007
We examine the interaction between commodity taxes and parallel imports in a simple two-country model with imperfect competition. While governments determine non-cooperatively their commodity tax rate, the volume of parallel imports is determined endogenously by the retailing sector. We compare...
Persistent link: https://www.econbiz.de/10005791582
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Measuring Market Integration: Foreign Exchange Arbitrage and the Gold Standard 1874-1913
Canjels, Eugene; Prakash-Canjels, Gauri; Taylor, Alan M. - C.E.P.R. Discussion Papers - 2004
A major question in the literature on the classical gold standard concerns the efficiency of international arbitrage. Authors have examined efficiency by looking at the spread of the gold points, gold point violations, the flow of gold, or by tests of various asset market criteria, including...
Persistent link: https://www.econbiz.de/10005791868
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The Integration of EU Banking Markets
Gual, Jordi - C.E.P.R. Discussion Papers - 2004
The goal of this Paper is to provide an assessment of the EU policies that pursue the creation of a single banking market. The Paper evaluates the degree of integration of EU banking markets and discusses whether current policies are the most appropriate instruments for market integration. After...
Persistent link: https://www.econbiz.de/10005791879