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Trade and the Rate of Income Convergence

Ben-David, Dan - 2000

To the extent that trade policy affects trade flows between countries, the ramifications can be far-reaching from an economic growth perspective. This paper examines one aspect of these ramifications, namely the impact of changes in the extent of trade between countries on changes in the rate of...

Persistent link: https://www.econbiz.de/10012471125

When Did Globalization Begin?

O'Rourke, Kevin H. - 2000

Some world historians attach globalization big bang' significance to 1492 (Christopher Colombus stumbles on the … important events in recorded history. Other world historians insist that globalization stretches back even earlier. There is a … third view which argues that the world economy was fragmented and completely de-globalized before the 19th century. None of …

Persistent link: https://www.econbiz.de/10012471135

Dimensions of Credit Risk and Their Relationship to Economic Capital Requirements

Carey, Mark - 2000

Now in prospect is a major revision of international bank capital regulations that would embody recent advances in credit risk measurement and management. Previous regulations have been simpler in structure, with a primary goal of getting capital requirements right on average, and thus have...

Persistent link: https://www.econbiz.de/10012471142

Government Ownership of Banks

Porta, Rafael La - 2000

In this paper, we investigate a neglected aspect of financial systems of many countries around the world: government … around the world. Second, such ownership is particularly significant in countries with low levels of per capita income …

Persistent link: https://www.econbiz.de/10012471151

Cornucopia : The Pace of Economic Growth in the Twentieth Century

DeLong, J. Bradford - 2000

There is one central fact about the economic history of the twentieth century: above all, the century just past has been the century of increasing material wealth and economic productivity. No previous era and no previous economy has seen material wealth and productive potential grow at such a...

Persistent link: https://www.econbiz.de/10012471168

Globalization and International Public Finance

Kremer, Michael - 2000

This paper examines the effect of reduced transaction costs in the international trading of assets on the ability of governments to issue debt. We examine a model in which governments care about the welfare of their citizens, and thus are more inclined to default if a large proportion of their...

Persistent link: https://www.econbiz.de/10012471194

Global Real Estate Markets - Cycles and Fundamentals

Case, Bradford - 2000

segmented. While industrial, office and retail properties exist all around the world, they are not economic substitutes because … attribute a substantial amount of the correlation across world property markets to the effects of changes in GNP, suggesting …

Persistent link: https://www.econbiz.de/10012471209

A Century of Global Stock Markets

Jorion, Philippe - 2000

Persistent link: https://www.econbiz.de/10012471210

A Monetary Explanation of the Great Stagflation of the 1970s

Barsky, Robert - 2000

The origins of stagflation and the possibility of its recurrence continue to be an important concern among policymakers and in the popular press. It is common to associate the origins of the Great Stagflation of the 1970s with the two major oil price increases of 1973/74 and 1979/80. This paper...

Persistent link: https://www.econbiz.de/10012471228

Institutions for High-Quality Growth : What They are and How to Acquire Them

Rodrik, Dani - 2000

This paper opens with a discussion of the types of institutions that allow markets to perform adequately. While we can identify in broad terms what these are, there is no unique mapping between markets and the non-market institutions that underpin them. The paper emphasizes the importance of...

Persistent link: https://www.econbiz.de/10012471235