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How do minimum wages affect earnings inequality in countries with large informal sectors? I provide reduced-form evidence that the 2000s minimum wage hike in Brazil raised overall inequality by increasing inequality inside the informal sector. I develop a model where heterogeneous firms select...
Persistent link: https://www.econbiz.de/10015080207
examines the impact of that deleveraging on credit supply in recipient economies, with a particular focus on Asia …
Persistent link: https://www.econbiz.de/10009659761
paper is to assess whether this is true for emerging Asia's economies. Using a dynamic factor model and a structural vector … auto-regression model, we show that long-term interest rates in Asia are indeed predominantly driven by global factors …
Persistent link: https://www.econbiz.de/10009679028
determinants, which include trade and financial linkages, as well as policies. In line with Asia's growing role in the global …
Persistent link: https://www.econbiz.de/10009679040
The paper shows that Asia's degree of financial integration, both with the world and within the region remains low by …
Persistent link: https://www.econbiz.de/10009422788
DEVELOPMENT OF EQUITY DERIVATIVES MARKETS IN ASIA -- REFERENCES. …
Persistent link: https://www.econbiz.de/10012690965
Intro -- Contents -- I. GLOBALIZATION OF PRODUCTION AND FINANCIAL INTEGRATION IN ASIA -- II. ROLE OF INSTITUTIONS AND … II: ASIA'S INTENTIONS -- APPENDIX II. 4. REGIONAL COMPLIANCE WITH STANDARDS AND CODES -- APPENDIX II. 5. ASIAN REGIONAL … POLICY FORUMS EMEAP ( Executives Meeting of East Asia and Pacific Central Banks) -- APPENDIX II.6. FSAP AND ROSC …
Persistent link: https://www.econbiz.de/10012690976
Intro -- Contents -- I. INTRODUCTION -- II. FINANCIAL INTEGRATION REDUCES RISK -- III. ESTIMATION METHODOLOGY AND DATA -- IV. RESULTS -- V. CONCLUSION -- Appendix. Data Sources and Construction -- References.
Persistent link: https://www.econbiz.de/10012690982
Intro -- Contents -- I. INTRODUCTION -- II. REVIEW OF PREVIOUS STUDIES -- III. DATA AND SPECIFICATION -- IV. BASIC RESULTS -- V. SENSITIVITY CHECKS -- VI. CONNECTIONS WITH OTHER ASPECTS OF FINANCIAL DEVELOPMENT -- VII. THE COMPOSITION OF THE INVESTOR BASE -- VIII. CONCLUSIONS AND POLICY...
Persistent link: https://www.econbiz.de/10012691127
be a special case. Much of the reserve increase in Asia can be explained by an optimal insurance model under which … observed growth in reserves since 1997-98. Using threshold estimation techniques, the paper shows that most of Asia ca …
Persistent link: https://www.econbiz.de/10012677637