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Early Health Shocks, Intrahousehold Resource Allocation, and Child Outcomes

Yi, Junjian - 2014

An open question in the literature is whether families compensate or reinforce the impact of child health shocks … negative early health shocks at ages 0-3, the other twin sibling who did suffer negative health shocks received RMB 305 more in … terms of health investments, but received RMB 182 less in terms of educational investments in the 12 months prior to the …

Persistent link: https://www.econbiz.de/10012457909

Large Hoarding of International Reserves and the Emerging Global Economic Architecture

Aizenman, Joshua - 2007

This paper analyzes competing interpretations for the large increases in the hoarding of international reserves by developing countries. While the first phase of the rapid hoarding of reserves in the aftermath of the East Asian crisis has been dominated by self insurance against exposure to...

Persistent link: https://www.econbiz.de/10012465374

Sources for Financing Domestic Capital -- Is Foreign Saving a Viable Option for Developing Countries?

Aizenman, Joshua - 2004

This paper proposes a new method for measuring the degree to which the domestic capital stock is self-financed. The main idea is to use the national accounts to construct a self-financing ratio, indicating what would have been the autarky stock of tangible capital supported by actual past...

Persistent link: https://www.econbiz.de/10012468068

Endogenous Financial Openness : Efficiency and Political Economy Considerations

Aizenman, Joshua - 2003

This paper studies the endogenous determination of financial openness. We outline a framework where financial openness is endogenously determined by the authority's choice of financial repression as a taxation device, and where the private sector determines endogenously the magnitude of capital...

Persistent link: https://www.econbiz.de/10012468550

Monetary Policy Spillovers and the Trilemma in the New Normal : Periphery Country Sensitivity to Core Country Conditions

Aizenman, Joshua - 2015

We investigate why and how the financial conditions of developing and emerging market countries (peripheral countries) can be affected by the movements in the center economies - the U.S., Japan, the Eurozone, and China. We apply a two-step approach. First, we estimate the sensitivity of...

Persistent link: https://www.econbiz.de/10012457538

Living with the Trilemma Constraint : Relative Trilemma Policy Divergence, Crises, and Output Losses for Developing Countries

Aizenman, Joshua - 2013

This paper investigates the potential impacts of the degree of divergence in open macroeconomic policies in the context of the trilemma hypothesis. Using an index that measures the relative policy divergence among the three trilemma policy choices, namely monetary independence, exchange rate...

Persistent link: https://www.econbiz.de/10012459214

Sectoral Debt and Global Dollar Cycles in Developing Economies

Han, Bada; Ahmed, Rashad; Aizenman, Joshua; Jinjarak, Yothin - National Bureau of Economic Research - 2024

We explore the role of sectoral debt dynamics in shaping business cycles in a sample of 52 Emerging Market Economies (EMEs) and Frontier Market Economies (FMEs) from 2005 to 2021. Higher household debt levels and growth are associated with significantly slower GDP growth in more developed EMEs...

Persistent link: https://www.econbiz.de/10014486174