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Volatility, Employment and the Patterns of FDI in Emerging Markets

Aizenman, Joshua - 2021

even for risk neutral multinationals, as their profit function is non-linear due to price and productivity effects. For … of productivity shocks in an emerging market producing the intermediate inputs reduces the multinationals' expected … in each country to productivity shocks, channeling the average employment from the more to the less volatile location …

Persistent link: https://www.econbiz.de/10013243418

Debt and conditionality under endogenous terms of trade adjustment

Aizenman, Joshua; Borensztein, Eduardo - 1988

Persistent link: https://www.econbiz.de/10000831002

International reserves : precautionary versus mercantilist views, theory and evidence

Aizenman, Joshua (contributor); Yi, Chae-u (contributor) - 2005

"This paper tests the importance of precautionary and mercantilist motives in accounting for the hoarding of international reserves by developing countries, and provides a model that quantifies the welfare gains from optimal management of international reserves. While the variables associated...

Persistent link: https://www.econbiz.de/10003303565

Globalization and developing countries - a shrinking tax base?

Aizenman, Joshua (contributor); Jinjarak, Yothin (contributor) - 2006

Persistent link: https://www.econbiz.de/10003303790

Emerging markets

Aizenman, Joshua - 2005

The club of high-performing emerging markets is fairly concentrated in East Asia. Their TFP growth may not be extraordinary, though their growth rate is unprecedented. Factors argued to promote growth include trade, investment, external financing, and good governance. The importance of external...

Persistent link: https://www.econbiz.de/10011521461

International reserves before and after the global crisis : is there no end to hoarding?

Aizenman, Joshua; Cheung, Yin-Wong; Itō, Hiro - 2015

We evaluate the impact of the global financial crisis (GFC) and recent structural changes in the patterns of hoarding international reserves (IR). We confirm that the determinants of IR hoarding evolve with developments in the global economy. During the pre-GFC period of 1999-2006, gross saving...

Persistent link: https://www.econbiz.de/10010490278

International reserves : precautionary vs. mercantilist views, theory and evidence

Aizenman, Joshua; Yi, Chae-u - 2005

Persistent link: https://www.econbiz.de/10003222995

Debt and Conditionality Under Endogenous Terms of Trade Adjustment

Aizenman, Joshua - 2010

The purpose of this study is to identify conditions under which renewed international. lending will benefit both the developed and the developing countries. Our analysis will evaluate how the presence of terms of trade adjust-rent and distorted credit markets affect the conditions for the...

Persistent link: https://www.econbiz.de/10013139886

Policy Uncertainty, Persistence and Growth

Aizenman, Joshua - 2010

This paper explores links between policy uncertainty and growth. It provides evidence on the correlation between policy uncertainty and per capita real GDP for 46 developing countries over the 1970-85 period. Cross-section regressions on growth suggest that after accounting for standard...

Persistent link: https://www.econbiz.de/10013141088

Developing Countries' Financial Vulnerability to the Euro Crisis : An Event Study of Equity and Bond Markets

Aizenman, Joshua - 2013

The global crisis highlights the continued vulnerability of developing countries to shocks from advanced economies. Just a few years after the global crisis, the eurozone sovereign debt crisis has emerged as the single biggest threat to the global outlook. In this paper, we apply the event study...

Persistent link: https://www.econbiz.de/10013091076