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Volatility, employment and the patterns of FDI in emerging markets

Aizenman, Joshua - 2002

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/10012469306

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

International Evidence of Strengthening Taxes and Spending For Sustainable Development

Aizenman, Joshua; Jinjarak, Yothin; Hien Nguyen; Park, … - National Bureau of Economic Research - 2021

We trace the linkages between the episodes of fiscal expansion and consolidation in 72 advanced and emerging and developing economies. The findings suggest that fiscal expansions are positively associated with economic growth, which in turn is positively linked with better sustainable...

Persistent link: https://www.econbiz.de/10012794621

Country Risk and Incentives Schemes

Aizenman, Joshua - 1986

The purpose of this paper is to address the role of endogenous default penalties that are contingent upon the intensity of default on the part of the borrowing nation, and to evaluate the effects of contingency plans that make the interest rate dependent upon variables that are correlated with...

Persistent link: https://www.econbiz.de/10012477039

Labor Markets and the Choice of Technology in an Open Developing Economy

Aizenman, Joshua - 1986

degree to which real wages and productivity depend on external factors while at the …expected productivity gains, the investment cost associated with the modern …

Persistent link: https://www.econbiz.de/10012477073