Narrow search
Showing 1 - 10 of 87
Cover Image
Pre-emptive sovereign debt restructuring and holdout litigation
Anand, Kartik; Gai, Prasanna - 2018
We offer an analytical framework for studying "pre-emptive" debt exchanges. Countries can tailor a sovereign bankruptcy framework by choosing provisions (or "haircuts") ex ante, but must contend with the market discipline of holdout litigation ex post. Secondary markets play a role in shaping...
Persistent link: https://www.econbiz.de/10011874276
Cover Image
Do judicial assignments matter? : evidence from random case allocation
Ganglmair, Bernhard; Helmers, Christian; Love, Brian J. - 2024
Because judges exercise discretion in how they handle and decide cases, heterogeneity across judges can affect case outcomes and, thus, preferences among litigants for particular judges. However, selection obscures the causal mechanisms that drive these preferences. We overcome this challenge by...
Persistent link: https://www.econbiz.de/10014468955
Cover Image
Allegations of sexual misconduct, accused scientists, and their research
Widmann, Rainer; Rose, Michael E.; Chugunova, Marina - 2023
Does the scientific community sanction sexual misconduct? Using a sample of scientists accused of sexual misconduct at US universities, we find that their prior work is cited less after allegations surface. The effect weakens with distance in the coauthorship network, indicating that researchers...
Persistent link: https://www.econbiz.de/10014496393
Cover Image
Money Supply Rules and Exchange Rate Dynamics
Tervala, Juha - 2010
This paper examines the implications of monetary policy rules for exchange rate dynamics. I extend a standard New Open Economy Macroeconomics model with the introduction of a simple money supply rule, whereby central banks change their monetary policy if output diverges from potential output or...
Persistent link: https://www.econbiz.de/10012503016
Cover Image
The macroeconomic effects of large exchange rate appreciations
Kappler, Marcus; Reisen, Helmut; Schularick, Moritz; … - 2011
In this paper we study the macroeconomic effects of large exchange rate appreciations. Using a sample of 128 countries from 1960-2008, we identify large nominal and real appreciations shocks and study their macroeconomic effects in a dummy-augmented panel autoregressive model. Our results show...
Persistent link: https://www.econbiz.de/10008905965
Cover Image
The international transmission of monetary policy
Buch, Claudia M.; Bussière, Matthieu; Goldberg, Linda S.; … - 2018
This paper presents the novel results from an internationally coordinated project by the International Banking Research Network (IBRN) on the cross-border transmission of conventional and unconventional monetary policy through banks. Teams from seventeen countries use confidential micro-banking...
Persistent link: https://www.econbiz.de/10011864739
Cover Image
Technology transfer in global value chains
Sampson, Thomas - 2022
Persistent link: https://www.econbiz.de/10012818312
Cover Image
Offshoring, Relocation and the Speed of Convergence: Convergence in the Enlarged European Union
Alho, Kari E. O.; Kaitila, Ville; Widgrén, Mika - 2008
Economic convergence of the new member states (NMS) of the EU towards the old EU countries (EU-15), not only in terms … indebtedness. At the same time we evaluate the impact of convergence on the EU-15 countries also, by endogenising offshoring and … process of convergence. We find that in a general equilibrium setting fears of large adverse effects of a relocation of EU-15 …
Persistent link: https://www.econbiz.de/10012502995
Cover Image
Markets wanted : expectation overshooting in transition
Neher, Frank - 2011
positive than in market economies. Over time, this difference has vanishes. Convergence can be attributed to changing believes …
Persistent link: https://www.econbiz.de/10010194639
Cover Image
Malthus was right : explaining a millennium of stagnation
Madsen, Jakob Brøchner; Robertson, Peter E.; Ye, Longfeng - 2019
Persistent link: https://www.econbiz.de/10012208673