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Recession and policy transmission to Latin American tourism : does expanded travel to Cuba offset crisis spillovers?

Romeu, Rafael; Wolfe, Andy - 2011

This study measures the impact of changing economic conditions in OECD countries on tourist arrivals to countries/destinations in Latin America and the Caribbean. A model of utility maximization across labor, consumption of goods and services at home, and consumption of tourism services across...

Persistent link: https://www.econbiz.de/10009487105

Vacation Over : Implications for the Caribbean of Opening U.S.-Cuba Tourism

Romeu, Rafael - 2008

An opening of Cuba to U.S. tourism would represent a seismic shift in the Caribbean's tourism industry. This study … results show that a hypothetical liberalization of Cuba-U.S. tourism would increase long-term regional arrivals. Neighboring … destinations would lose the implicit protection the current restriction affords them, and Cuba would gain market share, but this …

Persistent link: https://www.econbiz.de/10014409021

Elasticity Optimism

Fund, International Monetary - 2009

In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate...

Persistent link: https://www.econbiz.de/10012677518

Geopolitics and International Trade: The Democracy Advantage

Cevik, Serhan - 2024

Do political regimes determine how geopolitics influence international trade? This paper provides an empirical answer to the question by analyzing the joint impact of democracy and geopolitical distance between countries with an augmented gravity model of bilateral trade flows and an extensive...

Persistent link: https://www.econbiz.de/10015058709

Central Banks as Dollar Lenders of Last Resort: Implications for Regulation and Reserve Holdings

Das, Mitali - 2023

This paper explores how non-U.S. central banks behave when firms in their economies engage in currency mismatch, borrowing more heavily in dollars than justified by their operating exposures. We begin by documenting that, in a panel of 53 countries, central bank holdings of dollar reserves are...

Persistent link: https://www.econbiz.de/10015059785

International Trade Spillovers from Domestic COVID-19 Lockdowns

Aiyar, Shekhar - 2022

While standard demand factors perform well in predicting historical trade patterns, they fail conspicuously in 2020, when pandemic-specific factors played a key role above and beyond demand. Prediction errors from a multilateral import demand model in 2020 vary systematically with the health...

Persistent link: https://www.econbiz.de/10015060337

When is Economic Growth Pro-Poor? Experiences in Malaysia and Pakistan

Khan, Mahmood Hasan - International Monetary Fund (IMF) - 2002

This paper focuses on two central issues related to the contrasting experiences of Malaysia and Pakistan regarding poverty reduction. First, it examines the structure of economic growth and its proximate determinants in the two countries, including the initial conditions, institutional changes,...

Persistent link: https://www.econbiz.de/10005248163

The Role of Supervisory tools in Addressing Bank Borrowers' Currency Mismatches

Morales, Armando Méndez; Cacha, Maria del Mar - International Monetary Fund (IMF) - 2003

Bank borrowers' currency mismatches often result from unhedged foreign currency borrowing in economies where there is significant dollarization, exposing the financial sector to disguised credit risk. In the absence of standard tools or guidelines to counteract this risk, countries have resorted...

Persistent link: https://www.econbiz.de/10005248175

Do Unit Value Export, Import, and Terms of Trade Indices Represent or Misrepresent Price Indices?

Silver, Mick - International Monetary Fund (IMF) - 2007

Unit value export and import indices compiled from returns to customs authorities are often used as surrogates for price indices in the measurement of inflation transmission, terms of trade (effects), and to deflate import and export value series to derive volume series. Their widespread use is...

Persistent link: https://www.econbiz.de/10005248193

The Impact of Trade Liberalizationon the Trade Balance in Developing Countries

Wu, Yi; Zeng, Li - International Monetary Fund (IMF) - 2008

Using two recently constructed measures of trade liberalization dates, this research studies the impact of trade liberalization on imports, exports, and overall trade balance for a large sample of developing countries. We find strong and consistent evidence that trade liberalization leads to...

Persistent link: https://www.econbiz.de/10005248278

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