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A New Look at Exchange Rate Volatility and Trade Flows
Clark, Peter B.; Wei, Shang-Jin; Tamirisa, Natalia T.; … - International Monetary Fund (IMF) - 2004
The effect of exchange rate volatility on trade flows was examined by a 1984 IMF study on G-7 countries. Over the past … exchange hedging instruments, may have reduced the impact of volatility on trade flows. Using recent advances in the economic … theories on trade and in statistical methodologies, this paper revisits this important issue by taking into account these new …
Persistent link: https://www.econbiz.de/10005767343
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A Solution to Two Paradoxes of International Capital Flow
Wei, Shang-Jin; Ju, Jiandong - International Monetary Fund (IMF) - 2006
International capital flows from rich to poor countries can be regarded as either too low (the Lucas paradox in a one-sector model) or too high (when compared with the logic of factor price equalization in a two-sector model). To resolve the paradoxes, we introduce a non-neoclassical model which...
Persistent link: https://www.econbiz.de/10005768844
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Service offshoring, Productivity, and Employment; Evidence From the United States
Amiti, Mary; Wei, Shang-Jin - International Monetary Fund (IMF) - 2005
This paper estimates the effects of offshoring on productivity in U.S. manufacturing industries between 1992 and 2000, using instrumental variables estimation to address the potential endogeneity of offshoring. It finds that service offshoring has a significant positive effect on productivity in...
Persistent link: https://www.econbiz.de/10005768861