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Exchange Rate Fluctuations and International Portfolio Rebalancing in Thailand

Gyntelberg, Jacob - 2012

We present empirical evidence that the Thai baht’s value is driven in part by investors’ cross-border equity portfolio rebalancing decisions. Our results are based on comprehensive datasets of FX and stock market transactions undertaken by nonresident investors in Thailand in 2005 and 2006....

Persistent link: https://www.econbiz.de/10014395736

On the impact of structural reforms on output and employment : evidence from a cross-country firm-level analysis

Almeida, Luiza Antoun de; Balasundharam, Vybhavi - 2018

This paper analyzes the effects of selected structural reforms on output and employment in the short and medium term. It uses a comprehensive cross-country firm-level dataset covering both advanced and emerging market economies over the period 2003-2014. In line with previous studies, it finds...

Persistent link: https://www.econbiz.de/10011848233

The distributional impact of recessions : the Global Financial Crisis and the Pandemic Recession

Shibata, Ippei - 2020

Using the U.S. Current Population Survey data, this paper compares the distributional impacts of the Pandemic Crisis and those of the Global Financial Crisis in terms of (i) worker characteristics, (ii) job characteristics-'social' (where individuals interact to consume goods), 'teleworkable'...

Persistent link: https://www.econbiz.de/10012251998

Trade, jobs, and inequality

Beaton, Kimberly; Cerra, Valerie; Hadzi-Vaskov, Metodij - 2021

This paper examines the impact of trade on employment, wages, and other outcomes across countries and explores the conditions and policies that help spread the gains from trade more evenly throughout the population. We exploit a large global firm-level dataset to examine the impact of import...

Persistent link: https://www.econbiz.de/10012605685

Cointegration of International Stock Market Indices

Chou, Ray Yeutien - 1994

In this paper, we derive evidence on the integration of international stock markets from the cointegration properties … of international stock market prices. Using the multivariate cointegration test of Johansen, we find that the set of six … country stock price indices, including that of the United States, Canada, the United Kingdom, France, Germany, and Japan are …

Persistent link: https://www.econbiz.de/10014395829

Carry trade vs. deposit-driven euroization

Geng, Nan; Scutaru, Tiberiu; Wiegand, Johannes - 2018

Financial 'euroization'-or 'dollarization' outside of Central and Eastern Europe-is typically analyzed as a singular phenomenon that can be traced to a common set of factors. This paper argues that two types of euroization need to be distinguished, which have different causes, economic...

Persistent link: https://www.econbiz.de/10011848140

A Network Analysis of Sectoral Accounts : Identifying Sectoral Interlinkages in G-4 Economies

Almeida, Luiza Antoun de - 2015

The recent financial crisis highlighted that balance sheet exposures can be a major shock transmission channel. Using sectoral accounts data in combination with data from the Coordinated Portfolio Investment Survey, International Investment Position, and BIS this paper estimates bilateral...

Persistent link: https://www.econbiz.de/10012418218

Patterns in invoicing currency in global trade

Boz, Emine; Casas, Camila; Georgiadis, Georgios; … - 2020

This paper presents the most comprehensive and up-to-date panel data set of invoicing currencies in global trade. It provides data on the shares of exports and imports invoiced in US dollars, euros, and other currencies for more than 100 countries since 1990. The evidence from these data...

Persistent link: https://www.econbiz.de/10012299325

Cross-border currency exposures : new evidence based on an enhanced and updated dataset

Juvenal, Luciana; Gautam, Deepali; Bénétrix, Agustín; … - 2019

This paper provides a dataset on the currency composition of the international investment position for a group of 50 countries for the period 1990-2017. It improves available data based on estimates by incorporating actual data reported by statistical authorities and refining estimation methods....

Persistent link: https://www.econbiz.de/10012155206

Global banks' dollar funding : a source of financial vulnerability

Barajas, Adolfo; Deghi, Andrea; Raddatz, Claudio E.; … - 2020

Leading up to the global financial crisis, US dollar activity by global banks headquartered outside the United States played a crucial role in transmitting shocks originating in funding markets. Although post-crisis regulation has improved banking systems' resilience, US dollar funding remains a...

Persistent link: https://www.econbiz.de/10012252271