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The impact of financial (de-)regulation on current account balances

Moral-Benito, Enrique; Röhn, Oliver - 2014

Both global imbalances and financial market (de-)regulation feature prominently among the potential causes of the global financial crisis, but they have been largely discussed separately. In this paper, we take a different angle and investigate the relationship between financial market...

Persistent link: https://www.econbiz.de/10010436581

Measuring market expectations

Baumeister, Christiane - 2021

Asset prices are a valuable source of information about financial market participants.expectations about key macroeconomic variables. However, the presence of time-varying risk premia requires an adjustment of market prices to obtain the market’s rational assessment of future price and policy...

Persistent link: https://www.econbiz.de/10012622575

Trade, factor mobility and the extent of economic integration : theory and evidence

Mikolajun, Irena; Viaene, Jean-Marie - 2015

The Middle East was once seen as a medieval great globalized force. Nowadays it shows one of the lowest intra-regional trade in the world and therefore it is claimed that the region is poorly integrated. Yet, with the steady .ow of workers across national borders of the Middle East is this...

Persistent link: https://www.econbiz.de/10011309224

Is hard Brexit detrimental to EU integration? : theory and evidence

Mikolajun, Irena; Viaene, Jean-Marie - 2018

In the struggle between the forces of free trade and the restrictive influence of insularism the latter recently seems to have the upper hand. This is illustrated by the referendum of June 23, 2016 where the United Kingdom (UK) voted to leave the Europea+n Union (EU). In this paper we evaluate...

Persistent link: https://www.econbiz.de/10011892540

The equilibrium value of the Euro/$ US exchange rate : an evaluation of research

Stein, Jerome L. - 2001

The ultimate object of research concerning the Euro is to answer the following questions: (#1) What is the equilibrium trajectory of the nominal euro, measured as dollars/euro? (#2) To what extent has the equilibrium nominal euro been determined by relative prices (PPP), and to what extent has...

Persistent link: https://www.econbiz.de/10011399350

An open-economy Ramsey-Cass-Koopmans model in reduced form

Spiro, Daniel - 2021

What is a good reduced-form representation of Ramsey-Cass-Koopmans. (RCK) model? Solow's model (despite non-optimizing agents) provides predictions largely consistent with a closed-economy RCK but fundamentally differs regarding open-economy income convergence. Where RCK predicts partial income...

Persistent link: https://www.econbiz.de/10012619417

The dynamics of outsourcing : from labor cost-saving to preference-based outsourcing

Cheng, Wan-jung; Riezman, Raymond Glenn; Wang, Ping - 2020

Ronald W. Jones (2000) celebrated book has inspired a generation of work that has been devoted to understanding the causes and consequences of outsourcing. While much of this work has focused on the outsourcing versus domestic production decision of the firm with labor cost-saving as the key...

Persistent link: https://www.econbiz.de/10012211546

Chinese aid and democratic values in Latin America

Freytag, Andreas; Kautz, Miriam - 2022

International economic engagement has been increasingly framed in terms of liberal democratic values. Specifically, Chinese aid has been at the center of this debate. Since Chinese aid comes with "no strings attached," a popular narrative is that Chinese aid poses a challenge to conditional aid,...

Persistent link: https://www.econbiz.de/10013266063

The impact of inequality on the informal economy in Latin America and the Caribbean with a MIMIC model

Takanohashi, Marcos; Ribeiro, Marcel; Schneider, Friedrich - 2023

Vast literature is available covering main Informal Economy (IE) causes and consequences for Latin America and Caribbean (LAC), but its size estimation has been mainly limited to worldwide models applied to the region. This paper proposes a MIMIC Base Model using a data set composed by 41...

Persistent link: https://www.econbiz.de/10014285538

Foreign direct investment and regional inequality : a panel data analysis

Lessmann, Christian - 2012 - This version: November 2012

Foreign direct investments (FDI) are an important determinant of economic growth. Coun-tries try to attract mobile … capital in order to foster economic development, albeit FDI might increase regional inequality since the many different … regions of a country usually do not receive FDI in equal measure. A conflict emerges between efficiency and redistribution …

Persistent link: https://www.econbiz.de/10009687189

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