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Effective trade costs and the current account : an empirical analysis
Boz, Emine; Li, Nan; Zhang, Hongrui - 2019
A view receiving increased support is that the height of trade costs in prime export sectors has a strong effect on current account balances: countries specializing in sectors that face relatively high trade costs, such as services, tend to run current account deficits, and similarly, countries...
Persistent link: https://www.econbiz.de/10012001519
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Border and Behind-The-Border Trade Barriers and Country Exports
Sadikov, Azim M. - 2007
How do signatures required for exporting and business registration procedures affect the volume and composition of country''s exports? To answer this question, I develop a model where a country can export two types of products: differentiated and homogeneous. I show that export signatures and...
Persistent link: https://www.econbiz.de/10014400884
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The Determinants of International Portfolio Holdings and Home Bias
Li, Shujing - 2004
Despite the liberalization of foreign portfolio investment around the globe since the early 1980s, the home-bias phenomenon is still found to exist. Using a relatively new IMF survey dataset of cross-border equity holdings, this paper tests new structural equations from a consumption-based...
Persistent link: https://www.econbiz.de/10014401969
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Transactions Costs and Vehicle Currencies
International Monetary Fund - 1989
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014396025
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Fear of Service Outsourcing : Is it Justified?
Amiti, Mary - 2004
The recent media and political attention on service outsourcing from developed to developing countries gives the … impression that outsourcing is exploding. As a result, workers in industrial countries are anxious about job losses. This paper … aims to establish what are the hypes and what are the facts. The results show that although service outsourcing has been …
Persistent link: https://www.econbiz.de/10014402045
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Monetary transaction costs and the term premium
Espinoza, Raphael A.; Tsomocos, Dimitrios P. - 2013
Persistent link: https://www.econbiz.de/10009747253
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Cashing in for growth : corporate cash holdings as an opportunity for investment in Japan
Sher, Galen - 2014
Persistent link: https://www.econbiz.de/10010479433
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Markups, quality, and trade costs
Chen, Natalie; Juvenal, Luciana - 2020
We investigate theoretically and empirically how exporters adjust their markups across destinations depending on bilateral distance, tariffs, and the quality of their exports. Under the assumption that trade costs are both ad valorem and per unit, our model predicts that markups rise with...
Persistent link: https://www.econbiz.de/10012177618
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Swing pricing and fragility in open-end mutual funds
Jin, Dunhong; Kacperczyk, Marcin; Kahraman, Bige; … - 2019
How to prevent runs on open-end mutual funds? In recent years, markets have observed an innovation that changed the way open-end funds are priced. Alternative pricing rules (known as swing pricing) adjust funds' net asset values to pass on funds' trading costs to transacting shareholders. Using...
Persistent link: https://www.econbiz.de/10012154553
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Taxation and the peer-to-peer economy
Aslam, Aqib; Shah, Alpa - 2017
The growth of the peer-to-peer (P2P) economy over the last decade has captivated both stock markets and policymakers alike. While the means for transacting might be different to existing firm structures-with the emergence of digital platforms that connect individual buyers and sellers...
Persistent link: https://www.econbiz.de/10011705380