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The Volatility Curse : Revisiting the Paradox of Plenty
van der Ploeg, Rick - 2013
The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling for initial income per capita, population growth, human capital, investment, openness and natural resource dependence. This effect is significant and robust over a wide range of...
Persistent link: https://www.econbiz.de/10012753136
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The Impact of Financial (De-)Regulation on Current Account Balances
Moral-Benito, Enrique - 2014
Both global imbalances and financial market (de-)regulation feature prominently among the potential causes of the … current account balance. In contrast, bank privatization and securities market deregulation tend to raise current account …
Persistent link: https://www.econbiz.de/10013043215
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China's Capital Flight : Pre- and Post-Crisis Experiences
Cheung, Yin-Wong - 2015
We study China's illicit capital flow and document a change in its pattern. Specifically, we observe that China's capital flight, especially the one measured by trade misinvoicing, exhibits a weakened response in the post-2007 period to the covered interest disparity, which is a theoretical...
Persistent link: https://www.econbiz.de/10013011434
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Financial Reform and Banking Crises
Shehzad, Choudhry Tanveer - 2013
We examine the impact of various dimensions of financial reform on the likelihood of systemic and non-systemic banking crises. Using new financial reform measures for a large sample of developing and developed countries for the period 1973 to 2002, our multivariate probit modeling results...
Persistent link: https://www.econbiz.de/10013095277
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Product and Labor Market Deregulation in Unionized Oligopoly with Asymmetric Countries
Egger, Hartmut - 2011
setting, we study the trade and welfare implications of labor market deregulation and compare these implications with the … consequences of product market deregulation. Thereby, we take into account that labor market reforms are subject to national policy … decisions and thus associated with unilateral intervention, while product market deregulation is determined at an international …
Persistent link: https://www.econbiz.de/10013119394
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Financial Liberalization in a Small Open Economy
von Hagen, Jürgen; Zhang, Haiping - 2021
results are as follows. First, whether financial deregulation in one sector can improve production efficiency may depend on … from financial liberalization during the transitional process of deregulation. Finally, a gradual implementation helps …
Persistent link: https://www.econbiz.de/10013317493
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War and Relatedness
Spolaore, Enrico; Wacziarg, Romain T. - 2021
We develop a theory of interstate conflict in which the degree of genealogical relatedness between populations has a positive effect on their conflict propensities because more closely related populations, on average, tend to interact more and develop more disputes over sets of common issues. We...
Persistent link: https://www.econbiz.de/10013316348
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Did Globalization Influence Credit Market Deregulation?
Eppinger, Peter - 2015
We investigate whether globalization influenced credit market deregulation over the period 1970-2010. Globalization is … measured by the KOF indices of globalization. Credit market deregulation is measured by the credit market freedom indicators of … positive correlation between globalization and credit market deregulation. We account for reverse causality by using predicted …
Persistent link: https://www.econbiz.de/10013021420
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Cross-Border Banking in Regulated Markets : Is Financial Integration Desirable?
Haufler, Andreas - 2016
We set up a two-country, regional model of trade in financial services. Competitive firms in each country manufacture untraded consumer goods in an uncertain productive environment, borrowing funds from a bank in either the home or the foreign market. Duopolistic banks can choose their levels of...
Persistent link: https://www.econbiz.de/10012978391
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Granularity in Banking and Growth : Does Financial Openness Matter?
Bremus, Franziska - 2013
We explore the impact of large banks and of financial openness for aggregate growth. Large banks matter because of granular effects: if markets are very concentrated in terms of the size distribution of banks, idiosyncratic shocks at the bank-level do not cancel out in the aggregate but can...
Persistent link: https://www.econbiz.de/10013077036