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The Performance of Alternative Monetary Regimes

Ball, Laurence M. - 2010

This paper compares the performance of economies with different monetary regimes during the last quarter century. The conclusions include: (1) There is little evidence that inflation targeting affects performance in advanced economies, but some evidence of benefits in emerging economies; (2)...

Persistent link: https://www.econbiz.de/10012462532

The Country Chronologies to Exchange Rate Arrangements into the 21st Century : Will the Anchor Currency Hold?

Ilzetzki, Ethan - 2017

Detailed country-by-country chronologies are an informative companion piece to our paper "Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?," which provides a comprehensive history of anchor or reference currencies, exchange rate arrangements, and a new measure of foreign...

Persistent link: https://www.econbiz.de/10012455546

Exchange Arrangements Entering the 21st Century : Which Anchor Will Hold?

Ilzetzki, Ethan - 2017

. Our central finding is that the US dollar scores (by a wide margin) as the world's dominant anchor currency and, by some …

Persistent link: https://www.econbiz.de/10012455547

Rose, Andrew K. - 2013

In contrast to earlier recessions, the monetary regimes of many small economies have not changed in the aftermath of the global financial crisis. This is due in part to the fact that many small economies continue to use hard exchange rate fixes, a reasonably durable regime. However, most of the...

Persistent link: https://www.econbiz.de/10012459030

The International Monetary System : Living with Asymmetry

Obstfeld, Maurice - 2011

system: international liquidity and exchange rate management. Despite radical changes since World War II in the market …

Persistent link: https://www.econbiz.de/10012461016

Port Efficiency, Maritime Transport Costs and Bilateral Trade

Clark, Ximena - 2004

world. Distance volumes and product characteristics matter. In addition, we find that ports efficiency is an important … determinant of shipping costs. Improving port efficiency from the 25th to the 75th percentile reduces shipping costs by 12 percent … explain variations in port efficiency and find that they are linked to excessive regulation, the prevalence of organized crime …

Persistent link: https://www.econbiz.de/10012468340

How to Auction an Essential Facility When Underhand Integration is Possible

Engel, Eduardo M.R.A. - 2001

There are many industries in which potentially competitive segments require services provided by natural monopoly bottlenecks (essential facilities). Since it is difficult to regulate these facilities, developing countries are using Demsetz auctions, where the facility is awarded to the firm...

Persistent link: https://www.econbiz.de/10012470580

Investment in Infrastructure and Trade : The Case of Ports

Brancaccio, Giulia; Kalouptsidi, Myrto; Papageorgiou, … - National Bureau of Economic Research - 2024

infrastructure to alleviate these costs, a key policy question emerges: in a world with high volatility, what are the returns to … theory to capture port technology, with tools from demand estimation. We use our framework, together with a collection of … unveils three policy-relevant messages: (i) investing in port infrastructure can lead to substantial trade and welfare gains …

Persistent link: https://www.econbiz.de/10014544781

Identifying Agglomeration Shadows : Long-run Evidence from Ancient Ports

Hornbeck, Richard; Michaels, Guy; Rauch, Ferdinand - National Bureau of Economic Research - 2024

We examine "agglomeration shadows" that emerge around large cities, which discourage some economic activities in nearby areas. Identifying agglomeration shadows is complicated, however, by endogenous city formation and "wave interference" that we show in simulations. We use the locations of...

Persistent link: https://www.econbiz.de/10014576663

Mussa Puzzle Redux

Itskhoki, Oleg; Mukhin, Dmitry - National Bureau of Economic Research - 2021

The Mussa (1986) puzzle is the observation of a sharp and simultaneous increase in the volatility of both nominal and real exchange rates following the end of the Bretton Woods System of pegged exchange rates in 1973. It is commonly viewed as a central piece of evidence in favor of monetary...

Persistent link: https://www.econbiz.de/10012585434

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