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evolution and its policy with regard to internationalization of the capital market. The paper analyzes problems encountered in …
Persistent link: https://www.econbiz.de/10014395771
The effects on growth of the integration of an autarkic country into the world economy are analyzed, focusing on the … catch up with the rest of the world more rapidly than early developers, reflecting the relatively large imitation …
Persistent link: https://www.econbiz.de/10014403371
fiscal policy influences financial variables, and that growing internationalization has increased the sensitivity of … financial conditions to fiscal policy. The core of the argument is that fiscal policy influences exchange rates, particularly to … sensitivity of exchange rates to fiscal policy increases with growing internationalization. In addition, financial conditions …
Persistent link: https://www.econbiz.de/10014396354
Persistent link: https://www.econbiz.de/10009424793
Persistent link: https://www.econbiz.de/10009424867
This paper describes the result and the methodology of updating nominal and real effective exchange rate weights on the basis of trade data over 1999-2001. The underlying framework is an updated version of the IMF''s current effective exchange rate calculation, which uses weights largely based...
Persistent link: https://www.econbiz.de/10014400539
also examines the underlying economic and statistical concepts and principles needed for making choices in efficient and …
Persistent link: https://www.econbiz.de/10014400603
We compile a historical dataset covering nearly 40 years of booms and busts in the commodity terms of trade of over 150 countries. We discuss the characteristics of these events and their effects on macroeconomic performance and, in particular, compare the most recent commodity-price cycle with...
Persistent link: https://www.econbiz.de/10014402376
This is the fourth of a series of papers that are being written as part of a larger project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the toolkit to which economists have access for studying both own-country and cross-country linkages. In...
Persistent link: https://www.econbiz.de/10014402506
The 2008 crisis underscored the interconnectedness of the international business cycle, with U.S. shocks leading to the largest global slowdown since the 1930s. We estimate spillover effects across major advanced country regions in a structural VAR (SVAR) using pre-crisis data. Our new method...
Persistent link: https://www.econbiz.de/10014402644