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Prospects of regional cooperation in trade, investment and finance in Asia: an empirical analysis on BIMSTEC countries and Japan
Bhattacharya, Swapan K.; Bhattacharyay, Biswa N. - 2006
The seven-nation Bay of Bengal Initiative for Multisectoral Technical and Economic Cooperation (BIMSTEC), comprising Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand is emerging as one of the major subregional groups in Asia. Japan is the second largest trading partner for...
Persistent link: https://www.econbiz.de/10010263916
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The KOF Globalisation Index - Revisited
Gygli, Savina; Haelg, Florian; Potrafke, Niklas; Sturm, … - 2018
We introduce the revised version of the KOF Globalisation Index, a composite index measuring globalization for every country in the world along the economic, social and political dimension. The original index was introduced by Dreher (2006) and updated in Dreher et al. (2008). This second...
Persistent link: https://www.econbiz.de/10012018121
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Net Capital Flows and Portfolio Diversification
Bürgi, Constantin; Bobic, Vida; Wu, Min - 2019
This paper presents a new explanation for the sustained pattern of international net capital flows by modifying the standard consumption capital asset pricing model (CCAPM) to create net capital flows beyond the initial period. In addition to the well established link between asset returns and...
Persistent link: https://www.econbiz.de/10012141084
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Systemic crises and growth
Ranciere, Romain; Tornell, Aaron; Westermann, Frank - 2005
In this paper, we document the fact that countries that have experienced occasional financial crises have, on average, grown faster than countries with stable financial conditions. We measure the incidence of crisis with the skewness of credit growth, and find that it has a robust negative...
Persistent link: https://www.econbiz.de/10010261177
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The KOF Globalisation Index - Revisited
Gygli, Savina - 2019
We introduce the revised version of the KOF Globalisation Index, a composite index measuring globalization for every country in the world along the economic, social and political dimension. The original index was introduced by Dreher (2006) and updated in Dreher et al. (2008). This second...
Persistent link: https://www.econbiz.de/10012892154
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Net Capital Flows and Portfolio Diversification
Bürgi, Constantin - 2019
This paper presents a new explanation for the sustained pattern of international net capital flows by modifying the standard consumption capital asset pricing model (CCAPM) to create net capital flows beyond the initial period. In addition to the well established link between asset returns and...
Persistent link: https://www.econbiz.de/10012860768
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When Arm's Length Is Too Far. Relationship Banking over the Business Cycle
Beck, Thorsten; Degryse, Hans; de Haas, Ralph; van … - 2014
Using a novel way to identify relationship and transaction banks, we study how banks' lending techniques affect funding to SMEs over the business cycle. For 21 countries we link the lending techniques that banks use in the direct vicinity of firms to these firms' credit constraints at two...
Persistent link: https://www.econbiz.de/10010398626
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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 …. Using data over the 1971-2005 period, we find that membership in IOs does indeed increase inflows of FDI. Controlling for …
Persistent link: https://www.econbiz.de/10010274768
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Enterprise Zones, Poverty, and Labor Market Outcomes : Resolving Conflicting Evidence
Neumark, David - 2019
report substantial poverty reductions from state and federal EZs, as well as improvements in other labor market outcomes. In … poverty. More generally, we find that both state and federal EZs appear to be endogenously selected based on prior changes in … poverty and other labor market outcomes. Once we account for this selection, much of the evidence that state and federal EZs …
Persistent link: https://www.econbiz.de/10012864932
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Financial Integration in the GCC Region : Market Size Versus National Effects
Arin, K. Peren - 2019
This paper examines financial spillovers between the four largest equity markets (by market capitalization) in the GCC region using a VAR-GARCH (1,1) framework that sheds light on interdependence as well as the effects of the 2014 oil crisis. Since the UAE is a federation including two stock...
Persistent link: https://www.econbiz.de/10012867875