Similar Search Results

The Empirics of China's Outward Direct Investment

Cheung, Yin-Wong; Qian, Xingwang - CESifo - 2009

We investigate the empirical determinants of China’s outward direct investment (ODI). It is found that China’s investments in developed and developing countries are driven by different sets of factors. Subject to the differences between developed and developing countries, there is evidence...

Persistent link: https://www.econbiz.de/10005000386

Political Institutions and Government Spending Behavior in Iran

Dizaji, Sajjad Faraji; Farzanegan, Mohammad Reza - CESifo - 2014

This study examines how quality of political institutions affects the distribution of government budget and how development of government spending in major sections shapes the political institutions in Iran. This question has become especially important due to recent international sanctions,...

Persistent link: https://www.econbiz.de/10010739347

The Twin Effects of Globalization - Evidence from a Sample of Indian Manufacturing Firms

Daveri, Francesco; Manasse, Paolo; Serra, Danila - CESifo - 2010

Employees of globalized firms face a riskier menu of labor market outcomes. They face a more uncertain stream of earnings and riskier employment prospects. However, they may also have stronger incentives to train and upgrade their skills and/or may benefit from more rapid careers. Hence, the...

Persistent link: https://www.econbiz.de/10008671733

Role of Production Networks in Sustaining and Rebalancing Asia's Growth

Thorbecke, Willem; Bhattacharyay, Biswa N. - CESifo - 2012

economic growth in East Asia. Developed Asia produces technology-intensive intermediate goods and capital goods and ships them …, the ability of the rest of the world to absorb Asia’s exports has decreased. Export production in some Asian countries has … production networks in Asia. It then discusses how developing Asian countries could leverage production networks to facilitate …

Persistent link: https://www.econbiz.de/10010561496

Sovereigns versus Banks: Credit, Crises, and Consequences

Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - CESifo - 2013

Two separate narratives have emerged in the wake of the Global Financial Crisis. One interpretation speaks of private financial excess and the key role of the banking system in leveraging and deleveraging the economy. The other emphasizes the public sector balance sheet over the private and...

Persistent link: https://www.econbiz.de/10010877944

Political Booms, Financial Crises

Herrera, Helios; Ordonez, Guillermo; Trebesch, Christoph - CESifo - 2014

We show that political booms, measured by the rise in governments’ popularity, predict financial crises above and beyond other better-known early warning indicators, such as credit booms. This predictive power, however, only holds in emerging economies. We show that governments in emerging...

Persistent link: https://www.econbiz.de/10010888458

The Great Mortgaging: Housing Finance, Crises, and Business Cycles

Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - CESifo - 2014

This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks’ balance sheets doubled in the course of the 20th century, driven by a sharp rise of...

Persistent link: https://www.econbiz.de/10010948836

The Effects of Systemic Banking Crises in the Inter-War Period

Rocha, Bruno; Solomou, Solomos - CESifo - 2015

This paper examines the time-profile of the impact of systemic banking crises on GDP and industrial production using a panel of 24 countries over the inter-war period and compares this to the post-war experience of these countries. We show that banking crises have effects that induce medium-term...

Persistent link: https://www.econbiz.de/10011210401

A Panic-Prone Pack? The Behavior of Emerging Market Mutual Funds

Borensztein, Eduardo R.; Gelos, R. Gaston - CESifo - 2001

This paper explores the behavior of emerging market mutual funds using anovel database covering the holdings of individual funds over the periodJanuary 1996 to March 1999. An examination of individual crises shows that,on average, funds withdrew money one month prior to the events. Thedegree of...

Persistent link: https://www.econbiz.de/10005094343

The New International Architecture

Dornbusch, Rudi - CESifo - 2002

In 1998 Rüdiger Dornbusch gave the Munich Lectures in Economics entitled “International Financial Crises”. The CES Academic Council awarded him the prize and title “Distinguished CES Fellow” for his outstanding work on the monetary theory of foreign trade.Rüdiger Dornbusch passed away...

Persistent link: https://www.econbiz.de/10005051529