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State dependence in the finance-growth nexus : a functional coefficient approach

Herwartz, Helmut; Yabibal Mulualem Walle - 2013

Noting that "one size does not fit all" in the case of the finance-growth (FG) nexus, a growing body of literature has recently focused on uncovering economic conditions under which financial development could be beneficial (detrimental) to economic development. We look into these conditions by...

Persistent link: https://www.econbiz.de/10009752169

International investment positions and exchange rate dynamics

Binder, Michael; Offermanns, Christian J. - 2014

We revisit medium- to long-run exchange rate determination, focusing on the role of international investment positions. To do so, we make use of a new econometric framework accounting for conditional long-run homogeneity in heterogeneous dynamic panel data models. In particular, in our model the...

Persistent link: https://www.econbiz.de/10010414236

Agency and communication in IMF conditional lending : theory and empirical evidence

Marchesi, Silvia; Sabani, Laura; Dreher, Axel - 2009

the countries' authorities, openness, and transparency, consistently with the theory. -- IMF conditionality ; delegation …

Persistent link: https://www.econbiz.de/10003908576

Simple nonparametric estimators for the bid-ask spread in the role model

Safronov, Mikhail; Linton, Oliver; Schneeberger, Stefan - 2016

Persistent link: https://www.econbiz.de/10011455993

Carry funding and safe haven currencies : a threshold regression approach

Hossfeld, Oliver; MacDonald, Ronald - 2014

In this paper, we analyze which currencies can be regarded as safe haven currencies. Our empirical approach allows us to distinguish between a low- and high stress regime, and to control for the impact of carry trade reversals and other fundamental determinants. We therefore address the question...

Persistent link: https://www.econbiz.de/10010433356

The contribution of the IMF and the World Bank to economic freedom

Boockmann, Bernhard; Dreher, Axel - 2002

Persistent link: https://www.econbiz.de/10001657234

Are "new" donors different? : comparing the allocation of bilateral aid between non-DAC and DAC donor

Dreher, Axel; Nunnenkamp, Peter; Thiele, Rainer - 2010

Major DAC donors are widely criticized for weak targeting of aid, selfish aid motives and insufficient coordination. The emergence of an increasing number of new donors may further complicate the coordination of international aid efforts. On the other hand, new donors (many of which were aid...

Persistent link: https://www.econbiz.de/10003944716

The costs of favoritism : is politically-driven aid less effective?

Dreher, Axel; Klasen, Stephan; Vreeland, James Raymond; … - 2010

World Bank projects and generally find that projects that are potentially politically motivated - such as those granted to … governments holding a non-permanent seat on the United Nations Security Council or an Executive Directorship at the World Bank … Council members with higher short-term debt, however, a negative quality rating is more likely. So we find evidence that World …

Persistent link: https://www.econbiz.de/10003944718

Globalization, economic freedom and human rights

Dreher, Axel; Gassebner, Martin; Siemers, Lars - 2010

Using the KOF Index of Globalization and two indices of economic freedom, we empirically analyze whether globalization and economic liberalization affect governments ́respect for human rights using a panel of 106 countries over the 1981-2004 period. According to our results, physical integrity...

Persistent link: https://www.econbiz.de/10008667610

Membership has its privileges : the effect of membership in international organizations on FDI

Dreher, Axel; Mikosch, Heiner; Voigt, Stefan - 2010

We argue that membership in International Organizations (IOs) is an important determinant of FDI inflows. To the extent that membership restricts a country from pursuing policies that are harmful to investors, it can signal low political risk. Using data over the 1971-2005 period, we find that...

Persistent link: https://www.econbiz.de/10008667612