Narrow search
Showing 1 - 10 of 181
Cover Image
Prospective Deficits and the Asian Currency Crises
Burnside, Craig; Eichenbaum, Martin; Rebelo, Sérgio - C.E.P.R. Discussion Papers - 1998
This paper argues that the recent Southeast Asian currency crises was caused by large prospective deficits associated with implicit bailout guarantees to failing banking systems. We articulate this view using a simple dynamic general equilibrium model whose key feature is that a speculative...
Persistent link: https://www.econbiz.de/10005124184
Cover Image
Chinese Currency Controversies
Eichengreen, Barry - C.E.P.R. Discussion Papers - 2004
This Paper reviews the controversy over China’s exchange rate regime. Placing the issue in the context of the literature on exit strategies, it argues that now is the best time for China to exit from its peg. Moving to a managed float would be in the country’s own interest; it would help the...
Persistent link: https://www.econbiz.de/10005067647
Cover Image
Trade with Asia and Skill Upgrading: Effects on Factor Markets in the Older Industrial Countries.
Tyers, R.; Yang, Y. - Research School of Economics, College of Business and … - 1996
Economic growth and trade liberalization since the 1970s have led to rapid growth in exports from many developing countries. The link between this expansion and the tendancy for wage dispersion in the older industrial countries is explored in this paper using global general equilibrium analysis.
Persistent link: https://www.econbiz.de/10005032833
Cover Image
Inflation Targeting and Inflation Persistence in Asia
Gerlach, Stefan; Tillmann, Peter - C.E.P.R. Discussion Papers - 2010
Following the Asian financial crisis in 1997-98, a number of Asian central banks adopted inflation targeting. We explore how successful this framework has been by looking at the persistence of inflation, as measured by the sum of the coefficients in an autoregressive model for inflation, using a...
Persistent link: https://www.econbiz.de/10008684680
Cover Image
Geography and the Determinants of Firm Exports in Indonesia
Farole, Thomas; Rodriguez-Pose, Andres; Tselios, Vassilis; … - C.E.P.R. Discussion Papers - 2013
This paper uses data from the Indonesian manufacturing census in order to uncover the determinants of firm exports over the period 1990-2005. We examine to what extent differences in firm export propensity and intensity are a consequence of firm-level (microeconomic), of place-based...
Persistent link: https://www.econbiz.de/10011084523
Cover Image
The Early Modern Great Divergence: Wages, Prices and Economic Development in Europe and Asia, 1500-1800
Broadberry, Stephen N; Gupta, Bishnupriya - C.E.P.R. Discussion Papers - 2005
Contrary to the claims of Pomeranz, Parthasarathi and other ‘world historians’, the prosperous parts of Asia between … wages of northwestern Europe were not simply a monetary phenomenon, but reflected high productivity in the tradable sector …. The ‘Great Divergence’ between Europe and Asia was already well underway before 1800. …
Persistent link: https://www.econbiz.de/10005666692
Cover Image
Weather shocks and English wheat yields, 1690-1871
Brunt, Liam - C.E.P.R. Discussion Papers - 2015
reconcile the conflicting primal and dual estimates of productivity growth over the period. …
Persistent link: https://www.econbiz.de/10011249371
Cover Image
Production Networks, Geography and Firm Performance
Bernard, Andrew B.; Moxnes, Andreas; Saito, Yukiko U. - C.E.P.R. Discussion Papers - 2015
This paper examines the importance of buyer-supplier relationships, geography and the structure of the production network in firm performance. We develop a simple model where firms can outsource tasks and search for suppliers in different locations. Low search and outsourcing costs lead firms to...
Persistent link: https://www.econbiz.de/10011262884
Cover Image
Spatial frictions
Behrens, Kristian; Mion, Giordano; Murata, Yasusada; … - C.E.P.R. Discussion Papers - 2011
-size distribution? Do they affect individual city sizes? Do they contribute to the productivity advantage of large cities and the nature …
Persistent link: https://www.econbiz.de/10009322503
Cover Image
Effects of Deregulation and Vertical Unbundling on the Performance of China's Electricity Generation Sector
Gao, Hang; Van Biesebroeck, Johannes - C.E.P.R. Discussion Papers - 2011
productivity in the generation segment of the industry. Controlling explicitly for sources of price-heterogeneity across firms and …
Persistent link: https://www.econbiz.de/10009385757