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Prasad, Eswar S. - 2011

I document that emerging markets have cast off their "original sin" their external liabilities are no longer dominated by foreign-currency debt and have instead shifted sharply towards direct investment and portfolio equity. Their external assets are increasingly concentrated in foreign exchange...

Persistent link: https://www.econbiz.de/10009516951

Internal migration in the United States

Molloy, Raven S.; Smith, Christopher L.; Wozniak, Abigail K. - 2011

We review patterns in migration within the US over the past thirty years. Internal migration has fallen noticeably since the 1980s, reversing increases from earlier in the century. The decline in migration has been widespread across demographic and socioeconomic groups, as well as for moves of...

Persistent link: https://www.econbiz.de/10009312042

Minority and immigrant homeownership experience : evidence from the 2009 American Housing Survey

Mundra, Kusum - 2013

Using data from the 2009 American Housing Survey and Hazard Model, this paper provides empirical evidence that the homeownership experience during the recent housing boom and housing bust was not homogenous across all groups in the U.S. The recent deterioration of underwriting practices and a...

Persistent link: https://www.econbiz.de/10009683009

The determinants of China's international portfolio equity allocations

Agarwal, Isha; Gu, Grace Weishi; Prasad, Eswar S. - 2020

We analyze shifts in the structure of China's capital outflows over the past decade. The composition of gross outflows … enormous pool of domestic savings could have a significant impact on global financial markets as China continues to open up its … foreign portfolio allocations, Chinese IIs overweight sectors in which China has a comparative disadvantage. Moreover, Chinese …

Persistent link: https://www.econbiz.de/10012178659

The coming wave : where do emerging market investors put their money?

Karolyi, G. Andrew; Ng, David Tat-chee; Prasad, Eswar S. - 2015

We examine how emerging market (EM) investors allocate their stock portfolios internationally. Using both country-level and institution-level data, we find that the coming wave of EM investors systematically over- and under-weight their holdings in some target countries. These abnormal foreign...

Persistent link: https://www.econbiz.de/10011347171

Does openness to international financial flows contribute to productivity growth?

Kose, M. Ayhan (contributor); Prasad, Eswar S. (contributor) - 2008

Economic theory has identified a number of channels through which openness to international financial flows could raise productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output growth, far less attention has been paid to its...

Persistent link: https://www.econbiz.de/10003747653

Wage rigidity and disinflation in emerging countries

Messina, Julián; Sanz de Galdeano, Anna - 2011

This paper examines the consequences of rapid disinflation for downward wage rigidities in two emerging countries, Brazil and Uruguay, relying on high quality matched employer-employee administrative data. Downward nominal wage rigidities are more important in Uruguay, while wage indexation is...

Persistent link: https://www.econbiz.de/10009309697

Gender disparities in inflation during the cost-of-living crisis in Europe : a novel decomposition

Sologon, Denisa M.; Doorley, Karina; O'Donoghue, Cathal - 2024

This paper evaluates the gender-specific distributional impact of the recent cost-of-living crisis in six European countries using the Household Budget Survey to assess the degree of regressivity (affecting lower income households more) or progessivity (affecting higher income households more)...

Persistent link: https://www.econbiz.de/10014495897

Can price controls be optimal? : the economics of the energy shock in Germany

Krebs, Tom; Weber, Isabella - 2024

In the wake of the global energy crisis, many European countries used energy price controls to fight inflation and to stabilize the economy. Despite its wide adoption, many economists remained skeptical. In this paper, we argue that price controls should be part of the policy toolbox to respond...

Persistent link: https://www.econbiz.de/10014545082

The role of demographics in precipitating crises in financial institutions

Macunovich, Diane J. - 2009

There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...

Persistent link: https://www.econbiz.de/10003900319

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