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Leverage Across Firms, Banks and Countries

Kalemli-Ozcan, Sebnem; Sørensen, Bent E; Yesiltas, Sevcan - C.E.P.R. Discussion Papers - 2011

We present new stylized facts on bank and firm leverage for 2000-2009 using extensive internationally comparable micro level data from several countries. The main result is that there was very little buildup in leverage for the average non-financial firm and commercial bank before the crisis,...

Persistent link: https://www.econbiz.de/10009283393

Do WTO Members have More Liberal Trade Policy?

Rose, Andrew K - C.E.P.R. Discussion Papers - 2002

This Paper uses 67 measures of trade policy and trade liberalization to ask if membership in the World Trade Organization (WTO) and its predecessor the General Agreement on Tariffs and Trade (GATT) is associated with more liberal trade policy. Almost no measures of trade policy are significantly...

Persistent link: https://www.econbiz.de/10005662054

Does a Currency Union Affect Trade? The Time Series Evidence

Glick, Reuven; Rose, Andrew K - C.E.P.R. Discussion Papers - 2001

Does leaving a currency union reduce international trade? We answer this question using a large annual panel data set …

Persistent link: https://www.econbiz.de/10005666714

Does the WTO Make Trade More Stable?

Rose, Andrew K - C.E.P.R. Discussion Papers - 2004

I examine the hypothesis that membership in the World Trade Organization (WTO) and its predecessor the General Agreement on Tariffs and Trade (GATT) has increased the stability and predictability of trade flows. I use a large dataset covering annual bilateral trade flows between over 175...

Persistent link: https://www.econbiz.de/10005789132

The Foreign Service and Foreign Trade: Embassies as Export Promotion

Rose, Andrew K - C.E.P.R. Discussion Papers - 2005

As communication costs fall, foreign embassies and consulates have lost much of their role in decision-making and information-gathering. Accordingly, foreign services are increasingly marketing themselves as agents of export promotion. I investigate whether exports are in fact systematically...

Persistent link: https://www.econbiz.de/10005791718

Contagious Currency Crises

Eichengreen, Barry; Rose, Andrew K; Wyplosz, Charles - C.E.P.R. Discussion Papers - 1996

by international trade linkages than to countries in similar macroeconomic circumstances. …

Persistent link: https://www.econbiz.de/10005791892

The Endogeneity of the Optimum Currency Area Criteria

Frankel, Jeffrey A; Rose, Andrew K - C.E.P.R. Discussion Papers - 1996

business cycles are correlated with those of the other countries. But international trade patterns and international business …

Persistent link: https://www.econbiz.de/10005792116

Cross-Country Causes and Consequences of the 2008 Crisis: Early Warning

Rose, Andrew K; Spiegel, Mark - C.E.P.R. Discussion Papers - 2009

equity markets; international imbalances and foreign reserve adequacy; macroeconomic policies; and institutional and …

Persistent link: https://www.econbiz.de/10004969128

Cross-Country Causes and Consequences of the 2008 Crisis: International Linkages and American Exposure

Rose, Andrew K; Spiegel, Mark - C.E.P.R. Discussion Papers - 2009

Multiple Cause (MIMIC) model. Our analysis is conducted on a cross-section of 85 countries; we focus on international linkages … are both national (such as equity market run-ups that preceded the crisis) and, critically, international financial and … number of possible causes in a flexible statistical framework, we are unable to find strong evidence that international …

Persistent link: https://www.econbiz.de/10008528523

Do We Really Know that the WTO Increases Trade?

Rose, Andrew K - C.E.P.R. Discussion Papers - 2002

This Paper estimates the effect on international trade of multilateral trade agreements: the World Trade Organization …

Persistent link: https://www.econbiz.de/10005124331