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An empirical investigation into exchange rate regime choice and exchange rate volatility

Berger, Helge; Sturm, Jan-Egbert; Haan, Jakob de - 2000

We test a simple model of exchange rate regime choice with data for 65 non-OECD countries covering the period 1980-94.We find that the variance of output at home and in potential target c ountries as well as the correlation between home and foreign real activity are powerful and robust...

Persistent link: https://www.econbiz.de/10009781534

Exploring the intensive and extensive margins of world trade : presented at Venice Summer Institute, Workshop on Dissecting Globalization, July 2004

Felbermayr, Gabriel; Kohler, Wilhelm - 2004

World trade evolves at two margins. Where a bilateral trading relationship already exists it may increase through time … have not traded with each other in the past (extensive margin). We provide an empirical dissection of post-World-War- II … growth in manufacturing world trade along these two margins. We propose a "cornersolutions- version"of the gravity model to …

Persistent link: https://www.econbiz.de/10011450770

Capital controls and exchange rate regimes : an empirical investigation

Berger, Helge; Sturm, Jan-Egbert; Haan, Jakob de - 2001

It is often argued that deregulation of international transactions and its effects on the globalization of financial markets is behind the decline in the attractiveness of fixed exchange rate regimes. We argue that, instead, much of the recently observed decrease in the level of capital controls...

Persistent link: https://www.econbiz.de/10011398048

Skill policies for Scotland

Heckman, James J. (contributor); … - 2005

This paper argues that skill formation is a life-cycle process and develops the implications of this insight for Scottish social policy. Families are major producers of skills, and a successful policy needs to promote effective families and to supplement failing ones. Targeted early...

Persistent link: https://www.econbiz.de/10002576887

Testing uncovered interest rate parity using LIBOR

Omer, Muhammad; Haan, Jakob de; Scholtens, Bert - 2012

We test Uncovered Interest Parity (UIP) using LIBOR interest rates for a wide range of maturities. In contrast to other markets, LIBOR markets have minimal frictions which could lead to rejecting UIP. Using panel unit root test suggested by Palm, Smeekes, and Urbain (2010) and cointegration...

Persistent link: https://www.econbiz.de/10009570031

Natural disasters and the effect of trade on income : a new panel IV approach

Felbermayr, Gabriel; Gröschl, Jasmin - 2011

Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and Romer [F&R](1999) important doubts have surfaced. Is the correlation spurious and driven by omitted geographical and institutional variables? In this paper, we generalize F&R's...

Persistent link: https://www.econbiz.de/10009240715

Does WTO membership make a difference at the extensive margin of world trade?

Felbermayr, Gabriel (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003463001

Political regime change, economic reform and growth accelerations

Jong-A-Pin, Richard (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003463167

Does high inflation cause central bankers to lose their job? : evidence based on a new data set

Dreher, Axel (contributor); Sturm, Jan-Egbert (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003499549

IMF credit: how important are political factors? : a robustness analysis

Sturm, Jan-Egbert; Berger, Helge; Haan, Jakob de - 2002

We test whether, in addition to economic conditions, IMF credit is influenced by political factors. On the basis of a panel model for 128 countries over the period 1972-1998, we find that debt service scaled to exports, international reserve holdings scaled to imports and economic growth, as...

Persistent link: https://www.econbiz.de/10011408821