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Bordo, Michael D. - Institut für Weltwirtschaft (IfW) - 2007

This lecture revisits the evidence on the incidence and severity of different varieties of financial crises within the context of globalization then (pre-1914) and now (1980 to the present). I then discuss the determinants of emerging market crises from the perspective of the recent balance...

Persistent link: https://www.econbiz.de/10005083346

The Social Impact of Structural Adjustment in Bolivia

Thiele, Rainer - Institut für Weltwirtschaft (IfW) - 2001

This paper provides an account of the evolution of poverty and inequality during adjustment in Bolivia, covering the period 1985Â–99. It turns out that urban poverty declined somewhat after the initial stabilization phase that followed the hyperinflation in 1985. A similar evolution of per...

Persistent link: https://www.econbiz.de/10005818839

Do Sources of Knowledge Transfer Matter? – A Firm-level Analysis in the PRD, China

LIU, Wan-Hsin - Institut für Weltwirtschaft (IfW) - 2009

different innovation outcomes, using a firm-level dataset collected in the Pearl River Delta (PRD) in China. It also … innovation sales and to create new knowledge qualified for patenting. In addition to own R&D activities, they rely on sourcing … knowledge from different sets of sources to support them to carry out the last three types of innovation outcomes …

Persistent link: https://www.econbiz.de/10008478300

Financial Development and Innovation in China: Evidence from the Provincial Data

Hanley, Aoife; LIU, Wan-Hsin; Vaona, Andrea - Institut für Weltwirtschaft (IfW) - 2011

This paper investigates the role of regional financial development, in addition to FDI, for regional innovation in … regional innovation (patenting) performance. This positive effect is found to be higher for minor innovations such as external … would otherwise impede regional innovation performance …

Persistent link: https://www.econbiz.de/10008804174

The European Union in the Era of Globalisation: Competitive challenges, structural unemployment, and policy responses

Gundlach, Erich; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 1994

Competitive pressures for EU industries have mounted because the international division of labour through trade has been complemented by corporate globalisation strategies. The EU is shown to' have dealt with this challenge less successfully than the other two members of the Triad. So far, it...

Persistent link: https://www.econbiz.de/10010955650

Exchange rate pass-through and inflation dynamics in Tunisia: A Markov-Switching approach

Khemiri, Rim; Ali, Mohamed Sami Ben - Institut für Weltwirtschaft (IfW) - 2012

This paper studies the effect of exchange rate pass-through on inflation in Tunisia over the period 2001-2009. The authors' objective is to track inflation regimes for the Tunisian economy and to forecast its determinants. Using a Markov-switching approach, the authors identified two main...

Persistent link: https://www.econbiz.de/10010956150

The Single Currency's Effects on Eurozone Sectoral Trade: Winners and Losers?

Vicarelli, Claudio; De Santis, Roberta; De Nardis, Sergio - Institut für Weltwirtschaft (IfW) - 2008

In this paper we study the effect of the single currency across industries for euro area members. This analysis may help to shed light on the main factors influencing the euro effect on trade flows. We intend to verify whether these factors are specific to individual sectors and/or countries or...

Persistent link: https://www.econbiz.de/10005083340

Heterogeneous Parameter Uncertainty and the Timing of Investment during Crisis

Ni, Shawn; Ratti, Ronald A. - Institut für Weltwirtschaft (IfW) - 2009

We present a model in which investors observe the same macroeconomic data but have varying levels of information about the parameters that determine the distribution of the expected returns on investment. During a crisis that increases macroeconomic uncertainty and reduces asset prices, the...

Persistent link: https://www.econbiz.de/10005083349

A Model of an Optimum Currency Area

Ricci, Luca Antonio - Institut für Weltwirtschaft (IfW) - 2007

This paper develops a model of the circumstances under which it is beneficial to participate in a currency area. The proposed two-country monetary model of trade with nominal rigidities encompasses the real and monetary arguments suggested by the optimum currency area literature: correlation of...

Persistent link: https://www.econbiz.de/10005083391

Impact of the monetary policy instruments on Islamic stock market index return

Albaity, Mohamed Shikh - Institut für Weltwirtschaft (IfW) - 2011

Previous studies found that Islamic stock market index in Malaysia (KLSI), does not react, or react negatively to interest rate, although one of the main criteria of Islamic finance is to avoid business and activities that yield interest because of its prohibition in Islamic laws. On the other...

Persistent link: https://www.econbiz.de/10009223287