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How Collateral Laws Shape Lending and Sectoral Activity
Calomiris, Charles W. - 2016
favor immovable-based production. An analysis of Slovakia's collateral law reform confirms our findings …
Persistent link: https://www.econbiz.de/10012456761
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Trade and Immigration, 1870-2010
Jacks, David S. - 2018
In this chapter, we describe long-run trends in global merchandise trade and immigration from 1870 to 2010. We revisit … interwar period, and then rebounded (but with much more pronounced growth in trade than in immigration). More substantively, we … differences framework in combination with a dramatic change in US immigration policy, we find evidence that immigration and trade …
Persistent link: https://www.econbiz.de/10012480663
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Optimal Migration : A World Perspective
Benhabib, Jess - 2007
We ask what level of migration would maximize world welfare. We find that skill-neutral policies are never optimal. An egalitarian welfare function induces a policy that entails moving mainly unskilled immigrants into the rich countries, whereas a welfare function skewed highly towards the rich...
Persistent link: https://www.econbiz.de/10012465785
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What Determines Immigration's Impact? Comparing Two Global Centuries
Hatton, Timothy J. - 2006
Can history shed light on the modern debate about immigration's labor market impact in high wage economies? This paper … global century. It then assesses the effects of immigration on wages and employment with and without international capital … economic relationships and immigration policy. It concludes with an explanation for the apparent difference in immigration …
Persistent link: https://www.econbiz.de/10012466251
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"Convergence in the Age of Mass Migration"
Taylor, Alan M. - 1994
Between 1870 and 1913, economic convergence among present OECD members (or even a wider sample of countries) was dramatic, about as dramatic as it has been over the past century and a half. The convergence can be documented in GDP per worker-hour, GDP per capita and in real wages. What were the...
Persistent link: https://www.econbiz.de/10012474217
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Promoting lifelong learning for older workers : an international overview
Tikkanen, Tarja (ed.) - 2006
Persistent link: https://www.econbiz.de/10003377669
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The European Central Bank and the Euro : The First Year
Feldstein, Martin - 2000
The creation of the euro and the European Central Bank is a remarkable and unprecedented event in economic and political history: creating a supranational central bank and leaving eleven countries without national currencies of their own. The experience of the first year confirms that one size...
Persistent link: https://www.econbiz.de/10012471257
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The Future of EMU : What Does the History of Monetary Unions Tell Us?
Bordo, Michael D. - 1999
The creation of EMU and the ECB has triggered a discussion of the future of EMU. Independent observers have pointed to a number of shortcomings or hazard areas' in the construction of EMU, such as the absence of a central lender of last resort function for EMU, the lack of a central authority...
Persistent link: https://www.econbiz.de/10012471419
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Import Diversion under European Antidumping Policy
Vandenbussche, Hylke - 1999
This paper is the first to study empirically the effects of European antidumping actions on import diversion from importers 'named' in an antidumping investigation, and potentially subject to protectionist measures, to countries not named' in the investigation. For this purpose we use a unique...
Persistent link: https://www.econbiz.de/10012471444
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Tradable Deficit Permits : Efficient Implementation of the Stability Pacin the European Monetary Union
Casella, Alessandra - 1999
Borrowing from the experience of environmental markets, this paper proposes a system of tradable deficit permits as an efficient mechanism for implementing fiscal constraints in the European Monetary Union: having chosen an aggregate target for the Union and an initial distribution of permits,...
Persistent link: https://www.econbiz.de/10012471505