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The Trade Impact of China on EMU : is it Even Across Members?
Mikkelsen, Uffe - 2012
This paper investigates the asymmetries in trade spillovers from sector-specific technology shocks in China to selected euro area countries. We use a Ricardian-gravity trade model to estimate sectoral competitiveness in individual euro area countries. Simulations on the impact of productivity...
Persistent link: https://www.econbiz.de/10013098585
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Trade Patterns Among Industrial Countries : Their Relationship to Technology Differences and Capital Mobility
Saito, Mika - 2015
This paper compares two alternative measures of technology differences across industrial countries during 1970-92: one measures differences in labor productivity (the Ricardian measure), and the other differences in total factor productivity (the Hicksian measure). The distinction between the...
Persistent link: https://www.econbiz.de/10012750623
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Cleaning-Up Bank Balance Sheets : Economic, Legal, and Supervisory Measures for Italy
Garrido, José - 2016
To stabilize and bring down nonperforming loans (NPLs) in the Italian banking system, the Italian authorities have been implementing a number of reforms, aimed among others at speeding up insolvency and enforcement proceedings, strengthening bank corporate governance, cleaning up balance sheets,...
Persistent link: https://www.econbiz.de/10012977833
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Islamic Finance, Consumer Protection, and Financial Stability
Lukonga, Inutu - 2015
Consumer protection and financial literacy are essential pillars of a well functioning and stable financial system. As … the global financial crisis demonstrated, inadequate attention to consumer protection and financial literacy can lead to … financial instability. Though Shari'ah principles provide a strong foundation for consumer protection, the principles alone …
Persistent link: https://www.econbiz.de/10013021443
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A Strategy for Developing a Market for Nonperforming Loans in Italy
Jassaud, Nadege - 2015
Addressing the buildup of nonperforming loans (NPLs) in Italy since the global financial crisis will remain a challenge for some time and be important for supporting a sustained, robust economic recovery. The buildup reflects both the prolonged recession as well as structural factors that have...
Persistent link: https://www.econbiz.de/10013026926
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Increasing Export Diversification in Commodity-Exporting Countries : A Theoretical Analysis
DeRosa, Dean A. - 2006
This paper draws on the neoclassical theory of international trade to examine the limits of efficient export diversification in low-income, commodity-exporting countries. It demonstrates the fundamental importance of relative factor endowments among countries for determining the commodity...
Persistent link: https://www.econbiz.de/10012780980
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Institutional Quality and International Trade
Levchenko, Andrei A. - 2006
The quality of institutions meaning the quality of contract enforcement, property rights, shareholder protection, and …
Persistent link: https://www.econbiz.de/10012783047
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The African Continental Free Trade Agreement : Welfare Gains Estimates from a General Equilibrium Model
Abrego, Lisandro - 2019
In March 2018, representatives of member countries of the African Union signed the African Continental Free Trade Area (AfCFTA) agreement. This agreement provides a framework for trade liberalization in goods and services and is expected to eventually cover all African countries. Using a...
Persistent link: https://www.econbiz.de/10012866889
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Estimating the Effects of the Trans-Pacific Partnership (TPP) on Latin America and the Caribbean (LAC)
Cerdeiro, Diego - 2016
In February 2016, twelve Pacific Rim countries signed the agreement on the Trans Pacific Partnership (TPP), one of the largest and most comprehensive trade deals in history. While there are several estimates of the likely effects of the TPP, there is no systematic study on the effects on all...
Persistent link: https://www.econbiz.de/10012977870
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An Application of Distribution-Neutral Fiscal Policy
Gupta, Sanjeev - 2018
Distribution neutral fiscal policy refers to a structure of taxes and transfers that keep the income distribution unchanged even after positive or negative shocks to an economy. This is referred to as a Strong Pareto Superior (SPS) allocation which improves the standard Pareto criterion by...
Persistent link: https://www.econbiz.de/10012928016