Showing 91 - 100 of 3,174
Why did some countries learn to grow up to financial stability and others not? We explore this question by surveying the key determinants and major policy responses to banking, currency, and debt crises between 1880 and present. We divide countries into three groups: leaders, learners, and...
Persistent link: https://www.econbiz.de/10012457380
International financial integration helps to diversify risk but also may increase the trans- mission of crises across countries. We provide a quantitative analysis of this trade-off in a two-country general equilibrium model with endogenous portfolio choice and collateral con- straints....
Persistent link: https://www.econbiz.de/10012458139
and asset prices first rise and then fall. These results are in line with the post-globalization dynamics observed in …
Persistent link: https://www.econbiz.de/10012459589
We generalize the closed-economy neoclassical growth model (CNGM) to allow for costly goods trade and capital flows with imperfect substitutability between countries. We develop a tractable, multi-country, quantitative model that matches key features of the observed data (e.g., gravity equations...
Persistent link: https://www.econbiz.de/10014447272
What are the gains from international trade? And how do immigrants influence this process? While economists have considered these questions before, particularly in the context of aggregate trade flows, there has been no work assessing the relation between immigration and international trade in...
Persistent link: https://www.econbiz.de/10012460696
shock of World War I dramatically raised the price of Chinese exports and increased the demand for these goods overseas and …'s terms of trade and further growth in China's export sector. Difference-in-differences regression estimates show that World …-unskilled wage ratio flattened out during the 1910s and then fell by eight percent during the 1920s. We simulate the effects of World …
Persistent link: https://www.econbiz.de/10012462973
What is the impact of internationalization (firms raising capital and trading in international markets) on the liquidity of the remaining firms in domestic markets? To address this question, we assemble a panel database of nearly 2,900 firms from 45 emerging economies over the period 1989-2000,...
Persistent link: https://www.econbiz.de/10012466777
Growth in international trade and globalization has been correlated in nearly all countries with a worsening of the … globalization in France has been a huge growth in vertical specialization -- the completion of the different production stages of a … good in different countries. By shifting relative labor demand across countries, globalization of this form could explain …
Persistent link: https://www.econbiz.de/10012468982
In this paper, we provide a case study of the impact of globalization on income inequality using data across Chinese … demonstrate a greater decline in urban-rural income inequality. Thus, globalization has helped to reduce, rather than increase …
Persistent link: https://www.econbiz.de/10012470105
exporter and importer, their direct distance, geographic positions relative to the rest of the world and a possible linguistic …
Persistent link: https://www.econbiz.de/10012473325