Similar Search Results

Potrafke, Niklas - CESifo - 2014

Globalization is blamed for many socio-economic shortcomings. I discuss the consequences of globalization by surveying … the empirical globalization literature. My focus is on the KOF indices of globalization (Dreher 2006a and Dreher et al … globalization and several outcome variables. Studies published more recently identify causal effects. The evidence shows that …

Persistent link: https://www.econbiz.de/10010752783

Self-Fulfilling Crises in the Eurozone. An Empirical Test

Grauwe, Paul De; Ji, Yuemei - CESifo - 2012

We test the hypothesis that the government bond markets in the Eurozone are more fragile and more susceptible to self-fulfilling liquidity crises than in stand-alone countries. We find evidence that a significant part of the surge in the spreads of the PIGS countries in the Eurozone during...

Persistent link: https://www.econbiz.de/10010877763

Per-Capital Income as a Determinant of International Trade and Environment Policies

Markusen, James R. - CESifo - 2014

International trade policy analysis has tended to focus on the production side of general equilibrium, with policies such as a tariff or carbon tax affecting international and internal income distributions through a Heckscher-Ohlin nexus of factor intensities and factor endowments. Here I move...

Persistent link: https://www.econbiz.de/10010877844

The Fragility of two Monetary Regimes: The European Monetary System and the Eurozone

Ji, Yuemei; Grauwe, Paul De - CESifo - 2013

We analyze the similarities and the differences in the fragility of the European Monetary system (EMS) and the Eurozone. We test the hypothesis that in the EMS the fragility arose from the absence of a credible lender of last resort in the foreign exchange markets while in the Eurozone it was...

Persistent link: https://www.econbiz.de/10010877906

Labor Policies and Capital Mobility in Theory and in EMU

Bertola, Giuseppe - CESifo - 2014

“Race-to-the-bottom” deregulation is to be expected when markets operate across the borders of countries that independently choose and enforce labor policies. Less obviously, in pre-crisis EMU reforms of labor market policies were uneven and related to international imbalances. That pattern...

Persistent link: https://www.econbiz.de/10010877938

The Collapse Speed of China's Exports in the 2008-2009 Financial Crisis

Jing, Ran - CESifo - 2011

This paper studies the performance of China’s exports during the 2008—2009 financial crisis. It focuses on the speed at which China’s exports were hit by this downturn. Product-country monthly exports data is utilized. It is found that GDP growth rates of importing countries play an...

Persistent link: https://www.econbiz.de/10009320783

International Financial Integration and Real Exchange Rate Long-Run Dynamics in Emerging Countries: Some Panel Evidence

Caporale, Guglielmo Maria; Amor, Thouraya Hadj; Rault, … - CESifo - 2009

The aim of this paper is to provide new empirical evidence on the impact of international financial integration on the long-run Real Exchange Rate (RER) in 39 developing countries belonging to three different geographical regions (Latin America, Asia and MENA). It covers the period 1979-2004,...

Persistent link: https://www.econbiz.de/10008596604

Trade Agreements

Kowalczyk, Carsten; Riezman, Raymond - CESifo - 2009

This paper reviews the most significant recent developments in the theory of trade agreements. The paper offers an integrated approach to evaluating trade agreements, and uses the approach to present results on preferential and multilateral trade agreements. The paper identifies also several...

Persistent link: https://www.econbiz.de/10004979401

Pareto Efficiency in International Taxation

Keen, Michael; Wildasin, David E. - CESifo - 2000

This paper addresses a key but neglected task in the theory of international taxation, lent increased urgency by growing awareness of the potential gains from tax coordination: the characterization of Pareto-efficient international tax regimes. It shows that the Diamond-Mirrlees theorem on the...

Persistent link: https://www.econbiz.de/10005181249

Purchasing Power Parity for Developing and Developed Countries. What can we Learn from Non-Stationary Panel Data Models?

Drine, Imed; Rault, Christophe - CESifo - 2008

The aim of this paper is to apply recently developed panel cointegration techniques proposed by Pedroni (1999, 2004) and generalized by Banerjee and Carrion-i-Silvestre (2006) to examine the robustness of the PPP concept for a sample of 80 developed and developing countries. We find that strong...

Persistent link: https://www.econbiz.de/10005405826