Narrow search
Showing 1 - 10 of 2,799
Cover Image
The Economics of Time-Limited Development Options : The Case of Oil and Gas Leases
Herrnstadt, Evan M. - 2020
Oil and gas leases between mineral owners and extraction firms ubiquitously include royalty and primary term clauses. The royalty denotes the share of revenue that is paid to the mineral owner, and the primary term specifies the date by which the firm must complete a well, lest it lose the...
Persistent link: https://www.econbiz.de/10012481748
Cover Image
Trust in Large Organizations
Porta, Rafael La - 1996
Several authors suggest that trust is an important determinant of cooperation between strangers in a society, and therefore of performance of social institutions. We argue that trust should be particularly important for the performance of large organizations. In a cross-section of countries,...
Persistent link: https://www.econbiz.de/10012472964
Cover Image
An Institutional Theory of Public Contracts : Regulatory Implications
Spiller, Pablo T. - 2008
The fundamental feature of private contracting is its relational nature. When faced with unforeseen or unexpected circumstances, private parties, as long as the relation remains worthwhile, adjust their required performance without the need for costly renegotiation or formal recontracting....
Persistent link: https://www.econbiz.de/10012464415
Cover Image
The Transformation and Performance of Emerging Market Economies Across the Great Divide of the Global Financial Crisis
Bordo, Michael D. - 2019
credibility). We then use panel VARs based on both factor models and observed data to ascertain the impact of global shocks …, financial shocks, trade shocks and credibility shocks on the EMEs versus the AEs … credibility in EMEs was more fragile than was the case for the AEs in the face of the global shocks (from the US) than was the …
Persistent link: https://www.econbiz.de/10012480286
Cover Image
Are Hard Pegs Ever Credible in Emerging Markets? Evidence from the Classical Gold Standard
Mitchener, Kris James - 2009
We test whether fixed exchange rate regimes are ever credible in emerging markets by analyzing the behavior of short-term domestic trade bills across countries during the classical gold standard period, the most widely used hard peg in modern financial history. We exploit the fact that global...
Persistent link: https://www.econbiz.de/10012463248
Cover Image
Why Should Emerging Economies Give up National Currencies : A Case for 'Institutions Substitution'
Mendoza, Enrique G. - 2002
explosive mix of lack of policy credibility and world capital market imperfections that afflict emerging economies with national … emerging countries' vulnerability to these crises. The credibility of their financial policies would be greatly enhanced by the …
Persistent link: https://www.econbiz.de/10012469764
Cover Image
Returns to Regionalism : An Evaluation of Non-Traditional Gains from RTAs
Fernandez, Raquel - 1997
their partners, including credibility, signaling, bargaining power, insurance, and coordination. It assesses the necessary …
Persistent link: https://www.econbiz.de/10012472851
Cover Image
Why Clashes Between Internal and External Stability Goals End in Currency Crises, 1797-1994
Bordo, Michael D. - 1996
crises in the historical record under metallic monetary regimes and of crises post-World War II under Bretton Woods, and …
Persistent link: https://www.econbiz.de/10012473128
Cover Image
Regulation and Distrust
Aghion, Philippe - 2009
In a cross-section of countries, government regulation is strongly negatively correlated with social capital. We document this correlation, and present a model explaining it. In the model, distrust creates public demand for regulation, while regulation in turn discourages social capital...
Persistent link: https://www.econbiz.de/10012464001
Cover Image
Crises in Emerging Market Economies : A Global Perspective
Calvo, Guillermo A. - 2005
The paper argues that global financial factors played an important role in the capital-inflow episode in Emerging Market economies (EMs), during the early part of the 1990s, and clearly in the Sudden Stop (of capital inflows) crises that took place after the 1998 Russian crisis. Moreover, the...
Persistent link: https://www.econbiz.de/10012467379