Narrow search
Showing 1 - 10 of 752
Cover Image
External shocks and banking crises in developing countries : does the exchange rate regime matter?
Mendis, Chandima - 2002
This paper examines some determinants of banking crises in developing economies. Specifically, the effects of terms of trade shocks and capital flows are analyzed. The choice of the nominal exchange rate regime is found to be a crucial factor in the way various shocks are transmitted through the...
Persistent link: https://www.econbiz.de/10011410637
Cover Image
International reserves before and after the global crisis : is there no end to hoarding?
Aizenman, Joshua; Cheung, Yin-Wong; Itō, Hiro - 2015
We evaluate the impact of the global financial crisis (GFC) and recent structural changes in the patterns of hoarding international reserves (IR). We confirm that the determinants of IR hoarding evolve with developments in the global economy. During the pre-GFC period of 1999-2006, gross saving...
Persistent link: https://www.econbiz.de/10010490278
Cover Image
Trade shocks and macroeconomic fluctuations in Africa
Kose, M. Ayhan; Riezman, Raymond Glenn - 1999
exported primary commodities, imported capital goods and intermediate inputs, and a financial shock, modeled as fluctuations in …
Persistent link: https://www.econbiz.de/10009781698
Cover Image
What's left for the WTO?
Bown, Chad P. - 2016
Suppose that when addressing the question of "what’s left for the WTO?," negotiators relied not on the agenda established in 2001 but instead on the terms-of-trade theory of trade agreements to identify tariff negotiating priorities. This paper uses the lens of the terms-of-trade theory to...
Persistent link: https://www.econbiz.de/10011415258
Cover Image
The real exchange rate in the long run : Balassa-Samuelson effects reconsidered
Bordo, Michael D.; Choudhri, Ehsan U.; Fazio, Giorgio; … - 2014
Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample period. Although the traditional Balassa-Samuelson...
Persistent link: https://www.econbiz.de/10010374513
Cover Image
Following in their footsteps : comparing interest parity conditions in Central European economies to the Euro countries
Mansori, Kashif - 2003
This paper investigates capital market integration in the major Central European emerging economies by testing the covered and uncovered interest parity conditions vis-à-vis the U.S. dollar and the DM/euro. The results for the Central European economies since 1997 are contrasted against those...
Persistent link: https://www.econbiz.de/10011509413
Cover Image
Tax-co-ordination in Europe : assessing the first years of the EU-savings taxation directive
Hemmelgarn, Thomas; Nicodème, Gae͏̈tan J.A. - 2009
This paper reviews the economic effects of the EU Savings Taxation Directive. The Directive aims at enabling taxation … savings. However, this result has to be interpreted with caution since the available data is scarce and not always conclusive …. -- savings taxation ; withholding tax ; information exchange ; European Union …
Persistent link: https://www.econbiz.de/10003861869
Cover Image
Special and differential treatment for developing countries
Ornelas, Emanuel - 2016
Special and Differential Treatment for Developing Countries (SDT) constitutes a central feature of the GATT/WTO system. Its formal goal is to foster export-led growth in developing countries. Its theoretical foundations and empirical support are, however, weak at best. In particular, SDT...
Persistent link: https://www.econbiz.de/10011444497
Cover Image
On the effects of monetary policy shocks on exchange rates
Binder, Michael; Chen, Qianying; Zhang, Xuan - 2010
policy shock, and that there is no delay in the overshooting of the U.S. Dollar. Furthermore, there is no persistent …
Persistent link: https://www.econbiz.de/10008696775
Cover Image
Foreign currency denominated assets and international shock absorption in Switzerland and Japan
Schnabl, Gunther - 2015
Currencies of countries with persistent current account surpluses and high foreign currency denominated assets such as the Swiss franc and Japanese yen are under a persistent appreciation pressure, what restricts the degree of freedom in the choice of exchange rate regime. Official announcements...
Persistent link: https://www.econbiz.de/10011392509