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The crisis in the foreign exchange market
Melvin, Michael; Taylor, Mark P. - 2009
terms of foreign exchange market dynamics. An implementable financial stress index (FSI) is created and then used to … currencies) and we show that such an index has potential value in protecting a portfolio against loss during periods of stress …
Persistent link: https://www.econbiz.de/10003861767
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Banking crises and crisis dating : theory and evidence
Boyd, John H.; De Nicolò, Gianni; Loukoianova, Elena - 2010
We formulate a simple theoretical model of a banking industry that we use to identify and construct theory-based measures of systemic bank shocks (SBS). These measures differ from "banking crisis" (BC) indicators employed in many empirical studies, which are constructed using primarily...
Persistent link: https://www.econbiz.de/10003994497
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Ethnic geography : measurement and evidence
Hodler, Roland; Valsecchi, Michele; Vesperoni, Alberto - 2017
social outcomes are not well understood. We develop a novel index of ethnic segregation that takes both ethnic and spatial … distances between individuals into account. Importantly, we can decompose this index into indices of spatial dispersion …
Persistent link: https://www.econbiz.de/10011747456
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The KOF Globalisation Index : revisited
Gygli, Savina; Haelg, Florian; Potrafke, Niklas; Sturm, … - 2018
country in the world along the economic, social and political dimension. The original index was introduced by Dreher (2006 …We introduce the revised version of the KOF Globalisation Index, a composite index measuring globalization for every …) and updated in Dreher et al. (2008). This second revision of the index distinguishes between de facto and de jure measures …
Persistent link: https://www.econbiz.de/10011954444
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Import competition and the great US employment sag of the 2000s
Acemoglu, Daron; Autor, David H.; Dorn, David; Hanson, … - 2015
Even before the Great Recession, U.S. employment growth was unimpressive. Between 2000 and 2007, the economy gave back the considerable employment gains achieved during the 1990s, with a historic contraction in manufacturing employment being a prime contributor to the slump. We estimate that...
Persistent link: https://www.econbiz.de/10010528328
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Carbon Leakage and capacity-based allocations : is the EU right?
Meunier, Guy; Ponssard, Jean-Pierre; Quirion, Philippe - 2012
Two main approaches have been implemented in regional CO2 markets to address competitiveness and carbon leakage: output based allocation (Australia, California, New Zealand) and capacity based allocation (EU). This paper characterizes the best policy, given that auctioning with border adjustment...
Persistent link: https://www.econbiz.de/10009687241
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Trade, technology, and productivity : a study of Brazilian manufacturers, 1986-1998
Muendler, Marc-Andreas - 2004
Brazil's trade liberalization between 1990 and 1993, and its partial reversal in 1995, are used to study how reduced inward trade barriers affect productivity. The production function of Brazilian manufacturers is estimated at the ISIC3 two-digit level under various alternatives, including an...
Persistent link: https://www.econbiz.de/10011402582
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Cross-country relative price volatility : effects of market structure
Cheung, Yin-Wong (contributor); Fujii, Eiji (contributor) - 2005
Using annual data on nine manufacturing sectors of eighteen OECD countries, the article studies the implications of market structure for cross-country relative price variability. It is found that, in accordance with predictions from a standard markup pricing model, reductions in market...
Persistent link: https://www.econbiz.de/10002756347
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Firm innovation under import competition from low-wage countries
Chakravorty, Ujjayant; Liu, Runjuan; Tang, Rotao - 2017
In recent years, manufacturing firms in the United States have faced increasing import competition from low-wage countries, especially China. Does this competition hurt or help innovation by firms? This paper studies the effect of the surge in imports from China on innovation in the US...
Persistent link: https://www.econbiz.de/10011688170
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Foreign competition and domestic innovation : evidence from U.S. patents
Autor, David H.; Dorn, David; Hanson, Gordon H.; … - 2019
Manufacturing accounts for more than three-quarters of U.S. corporate patents. The competitive shock to this sector emanating from China's economic ascent could in theory either augment or stifle U.S. innovation. Using three decades of U.S. patents matched to corporate owners, we quantify how...
Persistent link: https://www.econbiz.de/10012105572