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Trade, Tragedy, and the Commons
Copeland, Brian R. - 2004
endogenously determined and explicitly linked to changes in world prices and other possible effects of market integration. We show … how changes in world prices can move some countries from de facto open access situations to ones where management … identify key country characteristics (mortality rates, resource growth rates, technology) to divide the world's set of resource …
Persistent link: https://www.econbiz.de/10012467853
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Resource Allocation within Firms and Financial Market Dislocation : Evidence from Diversified Conglomerates
Matvos, Gregor - 2011
When external capital markets are stressed they may not reallocate resources between firms. We show that resource allocation within firms' internal capital markets provides an important force countervailing financial market dislocation. Using data on US conglomerates we empirically verify that...
Persistent link: https://www.econbiz.de/10012460940
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Trade and Environment Beyond Singapore
Whalley, John - 1996
This paper discusses the likely evolution of the trade and environment issue in the World Trade Organization after the …
Persistent link: https://www.econbiz.de/10012473066
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The Asian Flu and Russian Virus : Firm-level Evidence on How Crises are Transmitted Internationally
Forbes, Kristin - 2000
This paper uses firm-level information to evaluate how crises are transmitted internationally. It constructs a new data set of financial statistics, industry information, geographic data, and stock returns for over 10,000 companies in 46 countries to test what types of firms were most affected...
Persistent link: https://www.econbiz.de/10012470943
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Does Trade Raise Income? Evidence from the Twentieth Century
Irwin, Douglas A. - 2000
pre- World War I, the interwar, and the post-war periods, this paper finds that the Frankel-Romer result is robust to …
Persistent link: https://www.econbiz.de/10012471005
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Measuring Real Economic Effects of Bailouts : Historical Perspectives on How Countries in Financial Distress Have Fared With and Without Bailouts
Bordo, Michael D. - 2000
In this paper we first trace the changing nature of banking, currency and debt crises from the last century to the present. Each type of crisis has transmogrified in the presence of official intervention and the creation of a safety net. A similar pattern is observed for international rescue...
Persistent link: https://www.econbiz.de/10012471060
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One Money, One Market : Estimating the Effect of Common Currencies on Trade
Rose, Andrew K. - 1999
A gravity model is used to assess the separate effects of exchange rate volatility and currency unions on international trade. The panel data set used includes bilateral observations for five years spanning 1970 through 1990 for 186 countries. In this data set, there are over one hundred...
Persistent link: https://www.econbiz.de/10012471350
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Capital Controls and Financial Crises
Aizenman, Joshua - 1999
The purpose of this paper is to explain the reluctance of developing countries to open up their capital market to foreigners, and the conditions inducing an emerging market economy to switch its policies. We consider an economy characterized initially by a one-sided openness to the capital...
Persistent link: https://www.econbiz.de/10012471387
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Short-Term Capital Flows
Rodrik, Dani - 1999
We provide a conceptual and empirical framework for evaluating the effects of short-term capital flows. A simple model of the joint determination of the maturity and cost of external borrowing highlights the role played by self-fulfilling crises. The model also specifies the circumstances under...
Persistent link: https://www.econbiz.de/10012471420
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On the Measurement of the International Propagation of Shocks
Rigobon, Roberto - 1999
In this paper I offer an alternative identification assumption that allows one to test for changing patterns regarding the international propagation of shocks when endogenous variables, omitted variables, and heteroskedasticity are present in the data. Using this methodology, I demonstrate that...
Persistent link: https://www.econbiz.de/10012471430