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An independent Scotland’s currency options redux : assessing the costs and benefits of currency choice

MacDonald, Ronald - 2014

This paper demonstrates that all of the currency options available to an independent Scotland come with the price tag of an austerity programme to the tune of £40bn. This is due to the need to accumulate foreign exchange reserves. So called Plan A - being part of a formal monetary union - comes...

Persistent link: https://www.econbiz.de/10010404563

The governance of globalization : the political economy of Anglo-American hegemony, 1793-2003

O'Brien, Patrick Karl - 2003

Modern globalization (which includes free flows of trade and factors of production across frontiers, stable rates of …

Persistent link: https://www.econbiz.de/10011509424

Globalization and the (mis)governance of nations

Blouin, Arthur; Ghosal, Sayantan; Mukand, Sharun W. - 2012 - This vers.: December 2011

We analyze whether or not the globalization of capital, "disciplines" governments and improves governance. We … demonstrate that globalization affects governance, by increasing a country's vulnerability to sudden capital flight. This … "golden straitjacket". However, globalization may also "overdiscipline" governments - resulting in a perverse impact on …

Persistent link: https://www.econbiz.de/10009488923

How strong is the case for dollarization in Costa Rica? : a note on the business cycle comovements with the United States

Lindenberg, Nannette; Westermann, Frank - 2009

We evaluate the proposal for official dollarization in Costa Rica by applying a new approach to measure the business cycle comovements with the United States. While the literature often focuses on the correlation of shocks, we point out that the response of each country to the shocks is also an...

Persistent link: https://www.econbiz.de/10003887163

Tear down this wall : on the persistence of borders in trade

Nitsch, Volker; Wolf, Nikolaus - 2009

evolution of intra-German trade flows after reunification then provides new insights for both the globalization and border … trade, but arise from economic fundamentals. -- integration ; home bias ; globalization …

Persistent link: https://www.econbiz.de/10003898827

Unlocking the value of cross-border mergers and acquisitions

Brakman, Steven; Garita, Gus; Garretsen, Harry; … - 2008

Persistent link: https://www.econbiz.de/10003711774

Stock market integration in Asia : global or regional? : evidence from industry level panel convergence tests

Caporale, Guglielmo Maria; You, Kefei - 2017

This paper examines global and regional stock market integration in Asia at both the aggregate and disaggregate (industry) level by applying the Phillips-Sul (2007) tests for panel and club convergence. The main findings can be summarised as follows. In the pre-2008 crisis period, no...

Persistent link: https://www.econbiz.de/10011658042

Inflation targets versus international monetary integration : a Canadian perspective

Laidler, David E. W. - 2002

The debate about Canadian-U.S. monetary integration is surveyed. The choice is among overall monetary orders,rather than exchange rate regimes and questions of policy credibility and political accountability are crucial. Canada's recent economic performance under inflation targets, and arguments...

Persistent link: https://www.econbiz.de/10011541166

Trade, wages, and productivity

Behrens, Kristian; Mion, Giordano; Murata, Yasusada; … - 2012

We develop a new general equilibrium monopolistic competition model with variable demand elasticity, heterogeneous firms, and multiple asymmetric regions. Wages, productivity, consumption diversity, and markups across firms and markets are all endogenously determined and respond to trade...

Persistent link: https://www.econbiz.de/10009683263

Fair wages and human capital accumulation in a global economy

Kreickemeier, Udo - 2004

, the effects of a globalization shock modelled as the entry of newly industrializing countries into the trading world on …

Persistent link: https://www.econbiz.de/10011402411

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