Showing 1 - 10 of 157
This Paper establishes and explores the implications of a somewhat surprising empirical finding. Although civil war adversely affects the performance of social indicators in general, poorer countries lose less, in absolute and relative terms, than richer countries. It is argued that the...
Persistent link: https://www.econbiz.de/10005123856
The way in which economic development transforms the material basis of human social interaction and the widespread …
Persistent link: https://www.econbiz.de/10005791935
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
equity markets; international imbalances and foreign reserve adequacy; macroeconomic policies; and institutional and …
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 … are both national (such as equity market run-ups that preceded the crisis) and, critically, international financial and … number of possible causes in a flexible statistical framework, we are unable to find strong evidence that international …
Persistent link: https://www.econbiz.de/10008528523
This Paper estimates the effect on international trade of multilateral trade agreements: the World Trade Organization …
Persistent link: https://www.econbiz.de/10005124331
international trade are important in understanding how currency crises spread, above and beyond any macroeconomic phenomena. We … 1997) we show that currency crises affect clusters of countries tied together by international trade. By way of contrast …
Persistent link: https://www.econbiz.de/10005136645
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 …
Persistent link: https://www.econbiz.de/10005498014
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
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