Narrow search
Showing 1 - 10 of 547
Cover Image
Foreign Currency Denominated Assets and International Shock Absorption in Switzerland and Japan
Schnabl, Gunther - 2015
Currencies of countries with persistent current account surpluses and high foreign currency denominated assets such as the Swiss franc and Japanese yen are under a persistent appreciation pressure, what restricts the degree of freedom in the choice of exchange rate regime. Official announcements...
Persistent link: https://www.econbiz.de/10013009766
Cover Image
Pegxit Pressure : Evidence from the Classical Gold Standard
Mitchener, Kris James - 2017
We develop a simple model that highlights the costs and benefits of fixed exchange rates as they relate to trade, and show that negative export-price shocks reduce fiscal revenue and increase the likelihood of an expected currency devaluation. Using a new high-frequency data set on...
Persistent link: https://www.econbiz.de/10012965714
Cover Image
Shooting on a Moving Target : Explaining European Bank Rates during the Interwar Period
Wandschneider, Kirsten - 2013
This paper describes the monetary policy response of countries during the inter-war period. How did central banks react to the Great Depression? How did countries balance the externals demands of the gold standard with domestic policy pressures? What was the optimal level of international policy...
Persistent link: https://www.econbiz.de/10013095799
Cover Image
Global Sourcing of Complex Production Processes
Schwarz, Christian - 2011
We develop a theory of a firm in an incomplete contracts environment which decides on its complexity, organization, and global scale. Specifically, the firm decides i) how thinly it wants to slice its production process by choosing the mass of symmetric intermediate inputs that are...
Persistent link: https://www.econbiz.de/10013120903
Cover Image
Manufacturers and Retailers in the Global Economy
Raff, Horst - 2011
We develop a general-equilibrium model to capture key features of the retailing and of the manufacturing industry in order to understand how these two industries interact and how labor is allocated between them. We show that the observed shift in employment from manufacturing to retailing, the...
Persistent link: https://www.econbiz.de/10013122636
Cover Image
Financial Integration, Globalization, and Real Activity
De Nicolo, Gianni - 2013
distinct impact of financial integration and globalization on several dimensions of real activity. We find that: financial … financial integration predict better growth prospects; both advances in financial integration and globalization are associated … financial integration and globalization indeed foster countries' growth, and there appears to be no trade-off between these …
Persistent link: https://www.econbiz.de/10013091562
Cover Image
What Drives the Global Land Rush?
Arezki, Rabah - 2013
This paper studies the determinants of foreign land acquisition for large-scale agriculture. To do so, gravity models are estimated using data on bilateral investment relationships, together with newly constructed indicators of agro-ecological suitability in areas with low population density as...
Persistent link: https://www.econbiz.de/10013092012
Cover Image
Distance, Globalization, and International Trade
Borchert, Ingo - 2017
For a long time globalization could be seen everywhere but in gravity estimates. We offer evidence how globalization …
Persistent link: https://www.econbiz.de/10012963770
Cover Image
Global Engagement and Returns Volatility
Girma, Sourafel - 2016
This paper uses high-frequency data for publicly-listed Japanese manufacturing firms over the period 2000 to 2010 to show that a greater reliance on foreign market sales increases the conditional volatility of firms' stock returns. The two margins of global engagement we consider, namely,...
Persistent link: https://www.econbiz.de/10013000911
Cover Image
A Simple Model of Globalization, Schooling and Skill Acquisition
Davidson, Carl - 2013
worse. Globalization impacts educational behavior and labor market outcomes differently as the extent of firms engaged in …
Persistent link: https://www.econbiz.de/10013075958