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Debt Relief and Slow Recovery : A Decade after Lehman

Piskorski, Tomasz - 2018

We follow a representative panel of millions of consumers in the U.S. from 2007 to 2017 and document several facts on the long-term effects of the Great Recession. There were about six million foreclosures in the ten-year period after Lehman's collapse. Owners of multiple homes accounted for 25%...

Persistent link: https://www.econbiz.de/10012481050

Growing Up to Stability? Financial Globalization, Financial Development and Financial Crises

Bordo, Michael D. - 2015

Why did some countries learn to grow up to financial stability and others not? We explore this question by surveying the key determinants and major policy responses to banking, currency, and debt crises between 1880 and present. We divide countries into three groups: leaders, learners, and...

Persistent link: https://www.econbiz.de/10012457380

Some New Perspectives on India's Approach to Capital Account Liberalization

Prasad, Eswar S. - 2009

In this paper, I analyze India's approach to capital account liberalization through the lens of the new literature on … financial globalization. India's authorities have taken a cautious and calibrated path to capital account opening, which has … the key challenge now facing India's policymakers on this front …

Persistent link: https://www.econbiz.de/10012463989

Measuring the Equilibrium Impacts of Credit : Evidence from the Indian Microfinance Crisis

Breza, Emily - 2018

In October 2010, the state government of Andhra Pradesh, India issued an emergency ordinance, bringing microfinance …

Persistent link: https://www.econbiz.de/10012453385

The United States in the world economy : NBER summary report

Feldstein, Martin S. (contributor) - 1987

Persistent link: https://www.econbiz.de/10000734056

Disputes in International Investment and Trade

Ossa, Ralph - 2020

International investment agreements employ dispute settlement procedures that differ markedly from their counterparts in trade agreements along three key dimensions: standing (i.e., the right to file grievances), the nature of the remedy, and the remedial period. In the state-to-state dispute...

Persistent link: https://www.econbiz.de/10012481969

How Big are the Gains from International Financial Integration?

Hoxha, Indrit - 2009

The literature has shown that the implied welfare gains from international financial integration are very small. We revisit the existing findings and document that welfare gains can be substantial if capital goods are not perfect substitutes. We use a model of optimal savings that includes a...

Persistent link: https://www.econbiz.de/10012464013

International Financial Integration and Entrepreneurial Firm Activity

Alfaro, Laura - 2007

We explore the relation between international financial integration and the level of entrepreneurial activity in a country. We use a unique firm level data set of approximately 24 million firms in nearly 100 countries in 2004 and 1999, which enables us to present both cross-country and industry...

Persistent link: https://www.econbiz.de/10012465536

The Elusive Gains from International Financial Integration

Gourinchas, Pierre-Olivier - 2003

Standard theoretical arguments tell us that countries with relatively little capital benefit from financial integration as foreign capital flows in and speeds up the process of convergence. We show in a calibrated neoclassical model that conventionally measured welfare gains from this type of...

Persistent link: https://www.econbiz.de/10012469014

A North-South Model of Taxation and Capital Flow

Slemrod, Joel - 1990

This paper presents a simple two-country model of the role of taxation in capital flows between developed countries ("The North") and developing countries ("The South"). The Southern country is assumed to be unable to enforce a tax on its residents' foreign-source income, and the Northern...

Persistent link: https://www.econbiz.de/10012475799

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