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The International Transmission of Fiscal Expenditures and Budget Deficits in the World Economy

Frenkel, Jacob A. - 1984

This paper analyses the effects of fiscal policies on rates of interest and wealth in the world economy. Uncertainty … exert real effects. It is shown that a current budget deficit(resulting from a tax cut) raises world rates of interest. On … transmission. In the long run, a higher steady-state value of government debt raises the steady-state world rate of interest but …

Persistent link: https://www.econbiz.de/10012477559

Bilateral FDI Flows : Threshold Barriers and Productivity Shocks

Razin, Assaf - 2005

A positive productivity shock in the host country tends typically to increase the volume of the desired FDI flows to the host country, through the standard marginal profitability effect. But, at the same time, such a shock may lower the likelihood of making any new FDI flows by the source...

Persistent link: https://www.econbiz.de/10012467038

International Spillovers of Taxation

Frenkel, Jacob A. - 1989

This paper deals with the international effects of taxation. Tax policies have profound effects on the temporal composition and on the intertemporal evolution of the macro economy. The analysis highlights key issues pertinent for the understanding of international effects of domestic tax...

Persistent link: https://www.econbiz.de/10012476126

The International Transmission and Effects of Fiscal Policies

Frenkel, Jacob A. - 1986

In recent years the world economy has been subject to large and unsyncronized changes in fiscal policies, high and … builds on a two-country model of the world economy which is applied to the analysis of the transmission and effects of …

Persistent link: https://www.econbiz.de/10012477278

Budget Deficits and Rates of Interest in the World Economy

Frenkel, Jacob A. - 1984

This paper deals with the international transmission of the effects of budget deficits on world rates of interest and … spending. The model assumes a two-country world within which capital markets are integrated, individuals behave rationally, and … horizon was finite. This formulation generates asimple pattern of aggregate behavior of the two-country world, and it assures …

Persistent link: https://www.econbiz.de/10012477738

The Rise of the Dollar and Fall of the Euro as International Currencies

Maggiori, Matteo - 2018

The modern notion of an international currency involves use in areas of international finance and trade that extend well beyond central banks' coffers. In addition to their important roles as foreign exchange reserves, international currencies are most frequently used to denominate corporate and...

Persistent link: https://www.econbiz.de/10012481057

Redrawing the Map of Global Capital Flows : The Role of Cross-Border Financing and Tax Havens

Coppola, Antonio - 2020

restate bilateral investment positions to better reflect the true financial linkages connecting countries around the world. We … nearly 600 billion dollars, while China's official net creditor position to the rest of the world is overstated by about 50 …

Persistent link: https://www.econbiz.de/10012482036

De-globalization : Driven by Global Crises?

Razin, Assaf - 2020

International trade increased rapidly after 1990, fueled by the growth of a complex network of global value chains. Financial globalization gathered force. Trade globalization, however, reversed course since the Global Financial Crisis. The new trend is expected to endure after the Global...

Persistent link: https://www.econbiz.de/10012482149

Trade and the Global Recession

Eaton, Jonathan - 2011

in world trade in manufactures during 2008-2009. A shift in final spending away from tradable sectors, largely caused by …

Persistent link: https://www.econbiz.de/10012461991

Equity Prices and Equity Flows : Testing Theory of the Information-Efficiency Tradeoff

Razin, Assaf - 2010

The paper tests three hypotheses concerning foreign equity investment in the presence of liquidity risk. First, the FDI-to-FPI price differential is negatively related to liquidity risk (the "Price Discount Hypothesis"). The idea is that market participants do not know whether the FDI investor...

Persistent link: https://www.econbiz.de/10012462005