Narrow search
Showing 1 - 3 of 3
Cover Image
State Drug Control and Illicit Drug Participation
Saffer, Henry; Chaloupka, Frank J. - 2021
findings from the regression results are that drug control spending reduces drug use. However, the results suggest for … marijuana users, the marginal cost of drug control exceeds the social benefits of drug control. This may not be the case for …
Persistent link: https://www.econbiz.de/10013311865
Cover Image
Conditional PPP and Real Exchange Rate Convergence in the Euro Area
Bergin, Paul R. - 2016
While economic theory highlights the usefulness of flexible exchange rates in promoting adjustment in international relative prices, flexible exchange rates also can be a source of destabilizing shocks. We find that when countries joining the euro currency union abandoned their national exchange...
Persistent link: https://www.econbiz.de/10012998959
Cover Image
Hoarding for Stormy Days - Test of International Reserves Providing Financial Buffer Services
Aizenman, Joshua - 2019
reserves and applies it to 8 of the largest Emerging Markets (BRICS, Indonesia, Mexico, Turkey) during 2000-2019. The efficient …
Persistent link: https://www.econbiz.de/10012869225