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Limits of Monetary Policy Autonomy by East Asian Debtor Central Banks

Löffler, Axel; Schnabl, Gunther; Schobert, Franziska - CESifo - 2012

Due to buoyant capital inflows East Asian central banks with exchange rate targets accumulate foreign reserves and thereby increase surplus liquidity. East Asian central banks with more flexible exchange rate regimes also face surplus liquidity that mainly emanates from past accumulation of...

Persistent link: https://www.econbiz.de/10009649702

Exchange Rate Volatility and Growth in Emerging Europe and East Asia

Schnabl, Gunther - CESifo - 2007

The paper investigates the impact of exchange rate volatility on growth in Emerging Europe and East Asia. Exchange stability has been argued to affect growth negatively as it deprives countries from the ability to react in a flexible way to asymmetric real shocks and may enhance the probability...

Persistent link: https://www.econbiz.de/10005766163

The Evolution of the East Asian Currency Baskets – Still Undisclosed and Changing

Schnabl, Gunther - CESifo - 2006

Both before and after the Asian crisis, the dollar has been the dominant anchor and reserve currency in East Asia. Due to underdeveloped capital markets and the limited international role of their domestic currencies, the East Asian countries (except Japan) are likely to continue to stabilize...

Persistent link: https://www.econbiz.de/10005416447

Education and Industrialization in Prussia: A Reassessment

Edwards, Jeremy - CESifo - 2013

Prussian industrialization and finds it unwarranted. The econometric analysis on which this claim is based suffers from severe …

Persistent link: https://www.econbiz.de/10010877667

The Quantitative Importance of Openness in Development

Cai, Wenbiao; Ravikumar, B.; Riezman, Raymond - CESifo - 2013

stagnation in a traditional technology to industrialization and prosperity with a modern technology – be accelerated? Lewis (1954 …) and Rostow (1956) argue that the pace of industrialization is limited by the rate of capital formation which in turn is … an open economy increases the rate of capital formation and speeds up the pace of industrialization relative to a closed …

Persistent link: https://www.econbiz.de/10010877851

Black and White Body Mass Index Values in Developing 19th Century Nebraska

Carson, Scott A. - CESifo - 2013

Little is known about late 19th and early 20th century BMIs on the US Central Plains. Using data from the Nebraska state prison, this study demonstrates that the BMIs of dark complexioned blacks were greater than for fairer complexioned mulattos and whites. Although modern BMIs have increased,...

Persistent link: https://www.econbiz.de/10010667415

Information, Coordination, and the Industrialization of Countries

Englmaier, Florian; Reisinger, Markus - CESifo - 2006

The industrialization process of a country is often plagued by a failure to coordinate investment decisions. Using the …

Persistent link: https://www.econbiz.de/10005094193

Catch Me If You Can: Education and Catch-up in the Industrial Revolution

Becker, Sascha O.; Hornung, Erik; Woessmann, Ludger - CESifo - 2009

industrialization itself. We find that basic education significantly accelerated non-textile industrialization in both phases of the …

Persistent link: https://www.econbiz.de/10008583719

Geography, Non-Homotheticity, and Industrialization: A Quantitative Analysis

Breinlich, Holger; Cuñat, Alejandro - CESifo - 2012

We propose a quantitative framework for the analysis of industrialization in which specialization in manufacturing or …

Persistent link: https://www.econbiz.de/10010570050

Substitutability and Protectionism: Latin America’s Trade Policy and Imports from China and India

Facchini, Giovanni; Olarreaga, Marcelo; Silva, Peri A.; … - CESifo - 2007

This paper examines the trade policy response of Latin American governments to the rapid growth of China and India in world markets. To explain higher protection in sectors where a large share is imported from these countries, we extend the ‘protection for sale’ model to allow for different...

Persistent link: https://www.econbiz.de/10005765925