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IMF Surveillance and Financial Markets - A Political Economy Analysis

Fratzscher, Marcel - 2014

The International Monetary Fund (IMF) is in the process of re-inventing itself with bilateral and multilateral surveillance emerging as a key function. The paper analyses how IMF surveillance announcements may be influenced by political power that member countries exert at the IMF. First, we...

Persistent link: https://www.econbiz.de/10013069721

Do IMF and World Bank Influence Voting in the Un General Assembly?

Dreher, Axel; Sturm, Jan-Egbert - 2021

and the World Bank on voting patterns in the UN General Assembly. Countries receiving adjustment programs and larger non …-concessional loans from the World Bank vote more frequently in line with the average G7 country. The same is true for countries obtaining … non-concessional IMF programs. Regarding voting coincidence with the US, World Bank (concessional and non …

Persistent link: https://www.econbiz.de/10013317576

International Credit Flows and Pecuniary Externalities

Brunnermeier, Markus K. - 2015

This paper develops a dynamic two-country neoclassical stochastic growth model with incomplete markets. Short-term credit flows can be excessive and reverse suddenly. The equilibrium outcome is constrained inefficient due to pecuniary externalities. First, an undercapitalized country borrows too...

Persistent link: https://www.econbiz.de/10013028913

Globalization and State Capitalism : Assessing Vietnam's Accession to the WTO

Baccini, Leonardo - 2017

What do state-owned enterprises (SOEs) do? How do they respond to market incentives? Can we expect substantial efficiency gains from trade liberalization in economies with a strong presence of SOEs? Using a new dataset of Vietnamese firms we document a set of empirical regularities...

Persistent link: https://www.econbiz.de/10012947908

Gravity Estimation of the Intensive and Extensive Margins of Trade : An Alternative Procedure with Alternative Data

Flam, Harry - 2011

Helpman, Melitz and Rubinstein (2008) derive gravity equations to estimate effects of trade barriers on the intensive and extensive margins of trade. They exploit the frequency of zeros in aggregate bilateral trade data to identify effects on the extensive margin and to obtain controls for firm...

Persistent link: https://www.econbiz.de/10013128040

The Elasticity of Trade : Estimates and Evidence

Simonovska, Ina - 2011

Quantitative results from a large class of international trade models depend critically on the elasticity of trade with respect to trade frictions. We develop a simulated method of moments estimator to estimate this elasticity from disaggregate price and trade-flow data using the Ricardian...

Persistent link: https://www.econbiz.de/10013129252

Robust Growth Determinants

Doppelhofer, Gernot - 2011

This paper investigates the robustness of determinants of economic growth in the presence of model uncertainty, parameter heterogeneity and outliers. The robust model averaging approach introduced in the paper uses a flexible and parsimonious mixture modeling that allows for fat-tailed errors...

Persistent link: https://www.econbiz.de/10013129859