Showing 1 - 10 of 653
estimating panel regressions for a world and an OECD country sample. The empirical results suggest a positive correlation between …
Persistent link: https://www.econbiz.de/10003260831
We analyze three related but distinct concepts concerning the renminbi's role in the global monetary system: (i) "internationalization" of the currency; (ii) currency convertibility; and (iii) reserve currency status. Their sequencing in relation to other policy goals such as financial sector...
Persistent link: https://www.econbiz.de/10009530739
Persistent link: https://www.econbiz.de/10001937672
This paper examines the contemporaneous relationship between the exchange rate regime and structural economic reforms for a sample of CEEC/CIS transition countries. We investigate empirically whether structural reforms are complements or substitutes for monetary commitment in the attempt to...
Persistent link: https://www.econbiz.de/10009575090
During the last decade, economists have intensively searched for evidence on the importance of the Balassa-Samuelson (B-S) hypothesis in explaining nominal convergence. One general result is that B-S can at best explain only part of the excess inflation observed in the European catching-up...
Persistent link: https://www.econbiz.de/10010191206
, declining share in the world exports, high current account deficits, and external debt. The stock-flow approach to the …
Persistent link: https://www.econbiz.de/10010398776
The aim of this paper is to apply recently developed panel cointegration techniques proposed by Pedroni (1999, 2004) and generalized by Banerjee and Carrion-i-Silvestre (2006) to examine the robustness of the PPP concept for a sample of 80 developed and developing countries. We find that strong...
Persistent link: https://www.econbiz.de/10003610062
In this paper, we investigate how economic, political and institutional factors affect the choice of exchange rate regimes, using data on eight MENA (Middle East and North Africa) countries over the 1984-2016 period. Specifically, we run random-effects ordered probit regressions of the...
Persistent link: https://www.econbiz.de/10013186745
This study contributes to the rapidly growing literature on women in tourism. It focuses on a group of 13 Caribbean …
Persistent link: https://www.econbiz.de/10012252703
Western Europe, the relationship tends to turn from positive to negative at relatively high levels of tourism. The … instrumental variable analysis suggests that incoming tourism has a positive causal effect on attitudes towards immigration in both … Western and Eastern Europe. Overall, our study reveals an overlooked dimension of the tourism-migration nexus and highlights …
Persistent link: https://www.econbiz.de/10013546037