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East Asian Economies and Financial Globalization in the Post-Crisis World

Aizenman, Joshua - 2016

known as the most distinct characteristic of Asian EMEs. Financial globalization seems to have made asset prices and …

Persistent link: https://www.econbiz.de/10012991684

International Coordination and Precautionary Policies

Aizenman, Joshua - 2015

This paper highlights the rare conditions leading to international cooperation, and the reasons why eliciting this cooperation may be beneficial in preventing adverse tail shocks from spiraling into global depressions. In normal times, deeper macro cooperation among countries is associated with...

Persistent link: https://www.econbiz.de/10013010290

Capital Markets Integration, Volatility and Persistence

Aizenman, Joshua - 2008

This paper shows that volatility induces adverse first order welfare effects in countries excluded from the global capital market. This result is illustrated in a model characterized by gains from a greater division of activities, where shocks are persistent. We show that non-linearities...

Persistent link: https://www.econbiz.de/10012774994

Sterilization, Monetary Policy, and Global Financial Integration

Aizenman, Joshua - 2010

liberalize markets and integrate with the world economy. We estimate the marginal propensity to sterilize foreign asset …

Persistent link: https://www.econbiz.de/10012759432

The more divergent, the better? : lessons on trilemma policies and crises for Asia

Aizenman, Joshua; Itō, Hiro - In: Asian development review 31 (2014) 2, pp. 21-54

Persistent link: https://www.econbiz.de/10010487157

Assessing the Emerging Global Financial Architecture : Measuring the Trilemma'S Configurations Over Time

Aizenman, Joshua; Chinn, Menzie David; Ito, Hiro - 2021

We develop a methodology that intuitively characterizes the choices countries have made with respect to the trilemma during the post Bretton-Woods period. The paper first outlines the new metrics for measuring the degree of exchange rate flexibility, monetary independence, and capital account...

Persistent link: https://www.econbiz.de/10013239382

Foreign Affiliate Sales and Trade in Both Goods and Services

Chunding, Li - 2010

(1994) and the GATS there is an incompatibility between measures of world trade in goods and services. Measures of goods …

Persistent link: https://www.econbiz.de/10013139148

Linking External Sector Imbalances and Changing Financial Instability Before the 2008 Financial Crisis

Whalley, John - 2011

supplies over all countries as a group relative to gross world product. This, in turn, is an indication of increasing severity … imbalances relative to GDP than in 2008 for considerable periods of time and with no financial implosion (UK in the pre World War …

Persistent link: https://www.econbiz.de/10013117566

How Large are the Impacts of Carbon Motivated Border Tax Adjustments

Dong, Yan - 2014

This paper discusses the size of impact of carbon motivated border tax adjustments on world trade. We report numerical … increases, and other country's production decreases compared with the case of no BTAs. With the contraction of world trade flows … caused by the financial crisis, carbon motivated BTAs offer a prospect of a compounding effect in a world which is going …

Persistent link: https://www.econbiz.de/10013070430

Capital Flows and Economic Growth in the Era of Financial Integration and Crisis, 1990-2010

Aizenman, Joshua - 2011

We investigate the relationship between economic growth and lagged international capital flows, disaggregated into FDI, portfolio investment, equity investment, and short-term debt. We follow about 100 countries during 1990-2010 when emerging markets became more integrated into the international...

Persistent link: https://www.econbiz.de/10013119605