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Credit constraints and growth in a global economy
Jin, Keyu; Guibaud, Stéphane; Coeurdacier, Nicolas - London School of Economics (LSE) - 2013
We show that in an open-economy OLG model, the interaction between growth differentials and household credit constraints, more severe in fast-growing countries, can explain three prominent global trends: a divergence in private saving rates between advanced and emerging economies, large net...
Persistent link: https://www.econbiz.de/10010745077
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International business cycles with heterogeneous sectors
Jin, Keyu - London School of Economics (LSE) - 2009
composition of goods produced in countries over the business cycle, and can generate `procyclical' and `countercylical' sectors …
Persistent link: https://www.econbiz.de/10010746152
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Industrial structure and financial capital flows
Jin, Keyu - London School of Economics (LSE) - 2009
Commodity trade and financial asset trade are both integral parts of globalization, yet little has been studied on their interplay. In a framework that integrates these two paradigms of trade, a new force driving international capital flows emerges: capital tends to flow towards countries that...
Persistent link: https://www.econbiz.de/10010746535
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Credit constraints and growth in a global economy
Jin, Keyu; Guibaud, Stéphane; Coeurdacier, Nicolas - London School of Economics (LSE) - 2011
We show that in an open-economy OLG model, the interaction between growth differentials and household credit constraints, more severe in fast-growing countries, can explain three prominent global trends: a divergence in private saving rates between advanced and emerging economies, large net...
Persistent link: https://www.econbiz.de/10011071411
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Home bias, transactions costs, and prospects for the Euro: a more detailed analysis
Mann, Catherine L.; Meade, Ellen E. - London School of Economics (LSE) - 2002
This paper brings together the literature on determination of home bias in equity holdings and the portfolio balance model of exchange rates to consider whether the dollar might be affected by a change in transactions costs that alters international portfolio allocations. Our empirical findings...
Persistent link: https://www.econbiz.de/10010745774
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Relative factor endowments and international portfolio choice
Cunat, Alejandro; Fons-Rosen, Christian - London School of Economics (LSE) - 2008
This paper presents a model of international portfolio choice based on the pattern of comparative advantage in goods … positions to a proxy for relative factor endowments supports our theory: the similarity of host and source countries in their … of similarity is enhanced by the size of host countries as predicted by the theory. …
Persistent link: https://www.econbiz.de/10010746453
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Capital markets, ownership and distance
Carlin, Wendy; Charlton, Andrew; Mayer, Colin - London School of Economics (LSE) - 2006
This paper uses a new data-set to examine how internal capital markets and foreign ownership affect investment. Our data allow us to compare investment behaviour of listed subsidiaries with stand-alone firms while controlling for investment opportunities of parent and subsidiary firms. We...
Persistent link: https://www.econbiz.de/10010884649
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Multinational firms, monopolistic competition and foreign investment uncertainty
Chawla, Arunish - London School of Economics (LSE) - 2008
based on the theory of call options, I solve ‘FDI option’ as a put option, thereby also enriching the theory of real options. …
Persistent link: https://www.econbiz.de/10010928806
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Unemployment dynamics with international capital mobility
Azariadis, Costas; Pissarides, Christopher - London School of Economics (LSE) - 2007
We study the response of domestic unemployment rates to shocks in total factor productivity for economies with high capital mobility and low labour mobility. We show that rapid capital movements across national borders, like those experienced by developed nations in the last twenty years,...
Persistent link: https://www.econbiz.de/10010744954
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The auto-component supply chain in China and India: a benchmark study
Sutton, John - London School of Economics (LSE) - 2004
The aim of this study is to examine the extent to which Chinese and Indian autocomponent producers have advanced towards international best practice levels of productivity and quality. The report is based on a survey of nine car manufacturers in China and six in India; a range of general...
Persistent link: https://www.econbiz.de/10010745200