Showing 1 - 10 of 36
This paper investigates the impact on bank stock prices of emerging market currency crises and bailouts. The stock market distinguishes between banks with exposure to a crisis country and other banks. In general, banks with exposures to a crisis country are affected adversely by currency events...
Persistent link: https://www.econbiz.de/10012471245
The Global Repository of Income Dynamics (GRID) is a new open-access, cross- country database that contains a wide range of micro statistics on income inequality, dynamics, and mobility. It has four key characteristics: it is built on micro panel data drawn from administrative records; it fully...
Persistent link: https://www.econbiz.de/10013388880
Industrial revolution in the United States first took hold in rural New England as factories arose and grew in a handful of industries such as textiles and shoes. However, as factory scale economies rose and factory production techniques were adopted by an ever growing number of industries,...
Persistent link: https://www.econbiz.de/10012466422
Industrialization and urbanization are seen as interdependent processes of modern economic development. However, the exact nature of their causal relationship is still open to considerable debate. This paper uses firm-level data from the manuscripts of the decennial censuses between 1850 and...
Persistent link: https://www.econbiz.de/10012467479
This paper analyses the general incorporation statutes for manufacturing firms adopted by the American states up to 1860. Prior to the enactment of a general law, a business could only incorporate by obtaining a special act of their state legislature; general statutes facilitated incorporation...
Persistent link: https://www.econbiz.de/10012457472
Are the U.S. textile and apparel industries examples of creative destruction or are they just plain destructing? We investigate this question using both aggregate industry-level data and plant-level data from the U.S. Census' LRD. We find that while the aggregate-level evidence is consistent...
Persistent link: https://www.econbiz.de/10012470376
Persistent link: https://www.econbiz.de/10003997778
Persistent link: https://www.econbiz.de/10009550829
Variance decompositions of the Mexico-United States real exchange rate are examined using monthly data on consumer … tradable goods and nominal exchange rates holds only in periods in which Mexico was not under a regime of exchange …-rate management. In periods in the sample in which Mexico had a managed exchange-rate regime, the variability of prices of non …
Persistent link: https://www.econbiz.de/10012470982