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Factor Endowments, Trade Direction, and Growth Performances of the Americas and East Asia in the Nineteenth and Twentieth Centuries

Lai, Hongyi Harry - EconWPA - 1997

Factor-endowment based trade with the leading economy helps to explain the differing development performances of the Americas and East Asia in the past two centuries. Between 1830 and 1945, labor-abundant Britain, the most advanced country, traded heavily with land-abundant countries in the...

Persistent link: https://www.econbiz.de/10005062412

Deforestation and Land Use Changes Induced by the East Asian Economic Crisis

Pagiola, Stefano - EconWPA - 2004

East Asia is one of the most important areas of tropical forests worldwide. Considerable concern has arisen that the East Asian economic crisis would result in a further worsening of the already high pressures experienced by the region’s forests. This report examines the available evidence on...

Persistent link: https://www.econbiz.de/10005062475

A Comprehensive Analysis of Economic Community in East Asia: Japan's Leadership in the Regional Development on both Economic and Financial Sides

Kitagawa, Masaomi - EconWPA - 2005

East Asian nations are currently undertaking the future development of an economic community by creating a viable framework for closer cooperation and deeper integration. However, the intractable problem is that there are a lot of diversities and heterogeneity that have prevented the East Asian...

Persistent link: https://www.econbiz.de/10005408050

International Capital Markets, Macroeconomic Stability, and Exchange Rate Stabilization in the CIS and East Asia

Schnabl, Gunther - EconWPA - 2004

Although most CIS and East Asian countries are de jure classified as free floaters, they de facto pursue (tight) dollar pegs. This paper emphasizes dollar denomination of short-term and long-term payment flows as reasons for exchange rate stabilization. Based on the analysis of ifcompetitive...

Persistent link: https://www.econbiz.de/10005556605

Exchange Rate Pegs and Foreign Exchange Exposure in East Asia

Popper, David Parsley Helen - EconWPA - 2002

This paper shows that many East Asian firms are significantly exposed to foreign exchange risk. Their exposure appears to be much more widespread than is typical for the large, western industrialized economies. The paper also shows that exchange rate pegs appear to do little to alleviate this...

Persistent link: https://www.econbiz.de/10005556652

China and the Geopolitics of Oil in the Asian Pacific Region

Bustelo, Pablo - EconWPA - 2005

China’s growing demand for oil is significantly changing the international geopolitics of energy, especially in the Asian Pacific region. The recent growth in oil consumption, combined with forecasts of increased oil imports (especially from the Middle East), have led to deep concern among...

Persistent link: https://www.econbiz.de/10005118931

How should emerging economies manage their foreign exchange reserves?

Gupta, Akash; Agarwal, Rahul - EconWPA - 2004

Asia has emerged as the balancing wheel of global finance. The countries of Asia now account for 70 per cent of global foreign exchange reserves, compared to only 30 percent in 1990 and 21 per cent in the early 1970s. This paper explores theoretical interpretations for the relatively high demand...

Persistent link: https://www.econbiz.de/10005119482

Should small open economies in East Asia put all their eggs in one basket: the role of balance sheet effects

Slavov, Slavi T. - EconWPA - 2005

Yen-dollar fluctuations increase macroeconomic instability in small economies in East Asia. I investigate the choice of an exchange rate regime for these countries so as to minimize the adverse effects of this volatility. I build a sticky-price dynamic model of a small economy whose trade is...

Persistent link: https://www.econbiz.de/10005119497

Labor Market Conditions, Political Events and Palestinian Suicide Bombings

Sayre, Edward A. - EconWPA - 2005

Objectives. This paper analyzes the relationship between Palestinian suicide bombings and economic and political conditions from 1993 to 2001. Labor market conditions could affect the number of terror attacks because when the economy worsens, the opportunity cost of engaging in suicide terrorism...

Persistent link: https://www.econbiz.de/10005076534

A Simple Model of Keynesian Unemployment

Nakajima, Tetsuya - EconWPA - 2005

equities, we examine equilibrium unemployment. While a mechanism of an efficiency wage brings about nominal wage rigidity …, unemployment occurring in our model definitely has Keynesian features. For instance, a reduction in wages rather enhances … unemployment through a decrease in consumption. In addition, our paper shows a possibility of Pareto improvement through an …

Persistent link: https://www.econbiz.de/10005076693