Showing 1 - 10 of 11
A model of the domestic financial intermediation of foreign capital inflows based on agency costs is developed for studying financial crises in emerging markets. In equilibrium for the model economy, the banking system becomes progressively more fragile under imperfect prudential regulation and...
Persistent link: https://www.econbiz.de/10012470402
This paper develops an approach to measuring the intensity of competition in international markets. The method measures the degree of 'outside' competition faced by exporters located in one source country from firms located outside the source country. We use the elasticity of price and quantity...
Persistent link: https://www.econbiz.de/10012473651
through the 1990s. We also test our maintained hypothesis of rational expectations using asset price data for Japan over the …
Persistent link: https://www.econbiz.de/10011402648
It is well documented that retail prices in Japan are higher than in other countries for similar products. The two main …) relatively high distribution costs associated with getting goods to the point of final sale in Japan. The first of these … explanations implies that foreign exporters should charge higher prices on shipments to Japan than elsewhere, provided at least …
Persistent link: https://www.econbiz.de/10012474013
We use Japanese prefectural wage and land price data to estimate the magnitude of agglomeration effects in manufacturing and finance. We also examine the range of agglomeration effects by estimating the extent to which they diminish with distance, using a specification that encompasses the polar...
Persistent link: https://www.econbiz.de/10012474138
The theoretical literature on pricing-to-market has identified two possible reasons why the elasticity of prices to exchange rate changes may be asymmetric across appreciations and depreciations. If firms are attempting to increase market shares in foreign markets subject to the possibility of...
Persistent link: https://www.econbiz.de/10012474798
This paper uses bilateral automobile export unit values from the United States, Germany and Japan to measure the …
Persistent link: https://www.econbiz.de/10012474850
the U.S. from Germany and Japan is similar to price adjustment observed on shipments to other destinations. Most variation …
Persistent link: https://www.econbiz.de/10012474877
therefore overstate the national saving rate. Recently, Hayashi has recalculated Japan's national saving according to the … American Department of Commerce definition and found that from the mid-1970s until today, Japan's national saving rate is … measures are constructed from the balance sheets of the household sectors in the United States and Japan. Far from being equal …
Persistent link: https://www.econbiz.de/10012475321
, Japan will be importing only 8 percent of its output …
Persistent link: https://www.econbiz.de/10012467909