-maturity, domestic-currency bond market. Bond holders are exposed to capital losses through inflation and therefore represent a potential … and after the introduction of a domestic bond market. Inflation-targeting countries with a bond market experience … variables suggested by theory to account for the potential endogeneity of domestic bond issuance. Notably, we do not find a …

This paper examines the impact of European Monetary Union (EMU) accession on bilateral Portuguese international … the literature that overall international borrowing is facilitated by the creation of a monetary union, and raises the …

This paper examines the impact of European Monetary Union (EMU) accession on bilateral Portuguese international … the literature that overall international borrowing is facilitated by the creation of a monetary union, and raises the …

positive consequences for their neighbors, since they act as a competitive fringe for the domestic banking sector. We derive … that proximity to an OFC is likely to have pro-competitive implications for the domestic banking sector, although the … with a more competitive domestic banking system and greater overall financial depth. …

productivity of Chinese domestic firms is mixed, with many positive results largely due to aggregation bias or failure to control … findings that domestic private firms tend to be more involved in providing inputs and intermediary goods for foreign firms … (Hale and Long, 2006), these results suggest a more passive role played by domestic firms in the global division of labor …

This paper generalizes the Nelson-Phelps catch-up model of technology diffusion. We allow for the possibility that the … pattern of technology diffusion can be exponential, which would predict that nations would exhibit positive catch-up with the …