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Politics, economics and investment: explaining plant and equipment spending by U.S. direct investors in Argentina, Brazil, and Mexico

Stevens, Guy V.G. - Federal Reserve Board (Board of Governors of the … - 1994

Few economists or laymen would deny that political events can have an important, sometimes even overwhelming, impact on economic decisions in general, and investment decisions in particular. The first goal of this paper was to integrate a number of political and non-traditional economic...

Persistent link: https://www.econbiz.de/10005368143

Inflation targeting in the 1990s: the experiences of New Zealand, Canada, and the United Kingdom

Ammer, John; Freeman, Richard T. - Federal Reserve Board (Board of Governors of the … - 1994

We survey the recent experiences of three industrial countries -- New Zealand, Canada, and the United Kingdom -- that have announced specific targets for inflation. Despite success on the part of the targeting central banks in attaining their inflation goals thus far, bond yields suggest that...

Persistent link: https://www.econbiz.de/10005712663

What triggers market jitters: a chronicle of the Asian crisis

Kaminsky, Graciela L.; Schmukler, Sergio L. - Federal Reserve Board (Board of Governors of the … - 1999

In the chaotic financial environment of Asia in 1997-1998, daily changes in stock prices of about 10 percent became …

Persistent link: https://www.econbiz.de/10005368219

Asset bubbles, domino effects and 'lifeboats': elements of the East Asian crisis

Edison, Hali J.; Luangaram, Pongsak; Miller, Marcus - Federal Reserve Board (Board of Governors of the … - 1998

systems like those in East Asia to short-term foreign currency exposure suggests that preventive measures are also required. …

Persistent link: https://www.econbiz.de/10005368222

Was China the first domino? assessing links between China and the rest of emerging Asia.

Fernald, John; Edison, Hali; Loungani, Prakash - Federal Reserve Board (Board of Governors of the … - 1998

We assess links between China and the rest of emerging Asia. Some commentators have argued that China’s apparent …

Persistent link: https://www.econbiz.de/10005368268

The Asian financial crisis, uphill flow of capital, and global imbalances: evidence from a micro study

Coulibaly, Brahima; Millar, Jonathan - Federal Reserve Board (Board of Governors of the … - 2008

large current account surpluses across non-China emerging Asia, which have been a significant counterpart to the U … investment decisions in emerging Asia, and that as the restructuring completes its course, investment rates will likely rise to …

Persistent link: https://www.econbiz.de/10005368306

Offshoring, Mismatch, and Labor Market Outcomes

Arseneau, David M.; Epstein, Brendan - Federal Reserve Board (Board of Governors of the … - 2014

We study the role of labor market mismatch in the adjustment to a trade liberalization that results in the offshoring of high-tech production. Our model features two-sided heterogeneity in the labor market: high- and low-skilled workers are matched in a frictional labor market with high- and...

Persistent link: https://www.econbiz.de/10010937979

Cash flows and discount rates, industry and country effects, and co-movement in stock returns

Ammer, John; Wongswan, Jon - Federal Reserve Board (Board of Governors of the … - 2004

This paper examines the relative importance of global, country-specific, and industry-specific factors in both the cash flow and discount rate components of equity returns between 1995 and 2003. Our framework draws upon previously separate literatures on country versus industry effects and...

Persistent link: https://www.econbiz.de/10005368137

Is the corporate loan market globally integrated? a pricing puzzle

Carey, Mark; Nini, Greg - Federal Reserve Board (Board of Governors of the … - 2004

We offer evidence that interest rate spreads on syndicated loans to corporate borrowers are economically significantly smaller in Europe than in the U.S., other things equal. Differences in borrower, loan and lender characteristics associated with equilibrium mechanisms suggested in the...

Persistent link: https://www.econbiz.de/10005368403

Some simple tests of the globalization and inflation hypothesis

Ihrig, Jane; Kamin, Steven B.; Lindner, Deborah; … - Federal Reserve Board (Board of Governors of the … - 2007

This paper evaluates the hypothesis that globalization has increased the role of international factors and decreased … globalization and inflation hypothesis. Our results provide little support for that hypothesis. First, the estimated effect of … countries owes to globalization. Finally, and most surprisingly, our econometric results indicate no increase over time in the …

Persistent link: https://www.econbiz.de/10005368445