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In the analysis of the credit crisis of 2007-2010 a clear distinction should be made between (i) the initial shock; (ii) the propagation and amplification of the initial shock to the systemic crisis of the financial markets; and (iii) the transmission of the credit crisis to the real economic...
Persistent link: https://www.econbiz.de/10011380729
Growth fluctuations exhibit substantial synchronization across countries, which has been viewed as reflecting a global business cycle driven by shocks with worldwide reach, or spillovers resulting from local real and/or financial linkages between countries. This paper brings these two...
Persistent link: https://www.econbiz.de/10012889889
, production risk and sovereign risk. This model generates a set of country portfolios and a world distribution of capital stocks …
Persistent link: https://www.econbiz.de/10012559769
Persistent link: https://www.econbiz.de/10003644220
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, using a recent theory on trade in tasks. A production function is estimated for the Netherlands for the period 1972-2001. It …
Persistent link: https://www.econbiz.de/10011373831
Transaction costs are a major reason why international trade flows are much smaller than traditional trade theory would …
Persistent link: https://www.econbiz.de/10011334351
(the VIX, the U.S. real interest rate and real exchange rate, U.S. GDP growth, and world commodity prices) that explain …
Persistent link: https://www.econbiz.de/10012926785
What major insights have emerged from development economics in the past decade, and how do they matter for the World … Bank? This challenging question was recently posed by World Bank Group President David Malpass to the staff of the …
Persistent link: https://www.econbiz.de/10012842639
This paper reports on the latest update of the Worldwide Governance Indicators (WGI) research project, covering 212 countries and territories and measuring six dimensions of governance between 1996 and 2007: Voice and Accountability, Political Stability and Absence of Violence/Terrorism,...
Persistent link: https://www.econbiz.de/10012723979