Showing 1 - 10 of 10,876
identifiable thresholds in variables such as financial depth and institutional quality -- the cost-benefit trade-off from financial …
Persistent link: https://www.econbiz.de/10012463732
Large and persistent global financial imbalances need not be the harbinger of a world financial crash. Instead, we show …
Persistent link: https://www.econbiz.de/10012465747
these vicissitudes quantitatively and explaining them. Economic theory and economic history together can provide useful …
Persistent link: https://www.econbiz.de/10012469869
Required reserves on banks' deposit liabilities have been utilized by both industrial and developing countries to discourage and sterilize international capital flows. In this paper we utilize an open economy macro model incorporating bank credit to evaluate this policy. The model suggests that...
Persistent link: https://www.econbiz.de/10012473522
This paper presents a two-country extension of Lucas' (1988) work on the effects of cash-in-advance constraints in asset markets on the pricing of financial assets. The model is one where there exists some degree of separation between the goods markets and the asset markets and money is used for...
Persistent link: https://www.econbiz.de/10012475958
results suggest that trade in capital may have a larger impact on wages than trade in goods …
Persistent link: https://www.econbiz.de/10012463445
Between 2000 and 2012, the Portuguese economy grew less than the United States during the Great Depression and less than Japan during its lost decade. This paper asks why this happened, with a particular focus on the slump between 2000 and 2007. It describes the main facts of Portugal's recent...
Persistent link: https://www.econbiz.de/10012459373
countries. We provide a quantitative analysis of this trade-off in a two-country general equilibrium model with endogenous … financial market autarky. Thus, a trade-off emerges between the probability of crises and the severity of crises. Financial …
Persistent link: https://www.econbiz.de/10012458139
International capital flows have increased dramatically since the 1980s, with much of the increase being due to trade … in equity and debt markets. Such developments are often attributed to the increased integration of world financial … markets. We present a model that allows us to examine how greater integration in world financial markets affects the behavior …
Persistent link: https://www.econbiz.de/10012466971
This paper uses new data and new econometric techniques to investigate the impact of international financial integration on economic growth and also to assess whether this relationship depends on the level of economic development, financial development, legal system development, government...
Persistent link: https://www.econbiz.de/10012469546