Showing 1 - 10 of 430
Persistent link: https://www.econbiz.de/10009486229
Persistent link: https://www.econbiz.de/10010479509
Persistent link: https://www.econbiz.de/10009423188
After 2007, countries that cut their policy interest rates close to zero turned, among other policies, to forward guidance. We estimate a two-country model of the U.S. and Canada to quantify how unexpected changes in U.S. forward guidance affected Canada. Expansionary U.S. forward guidance...
Persistent link: https://www.econbiz.de/10011852669
This paper examines the spillover effects of sovereign rating news on European financial markets during the period 2007-2010. Our main finding is that sovereign rating downgrades have statistically and economically significant spillover effects both across countries and financial markets. The...
Persistent link: https://www.econbiz.de/10014400977
Given the prospects of asynchronous monetary conditions in the United States and the euro area, this paper analyzes spillovers among these two economies, as well as the implications of asynchronicity for spillovers to other advanced economies and emerging markets. Through a structural vector...
Persistent link: https://www.econbiz.de/10011374017
This paper provides an overview of diamond mining in sub-Saharan African countries, and explores the reasons for … incentives for smuggling. In a theoretical model, we show that optimal diamond tax rates increase with the degree of competition … among diamond buyers, as well as with the corporate share of diamond production, which is confirmed by the data. We then …
Persistent link: https://www.econbiz.de/10014403885
This study assesses the sustainability of Botswana’s diamond-related fiscal revenue. Diamond reserves are not adequate …
Persistent link: https://www.econbiz.de/10014402000
Persistent link: https://www.econbiz.de/10009424815
changes in China’s exchange rate policy in 2005 and 2010 and employing data on some 6,000 firms in 44 economies. Stock returns … market sentiment and specific trade effects. Expected renminbi appreciation has a positive effect on firms exporting to China … competing with China in their home market but fall for firms importing Chinese products with large imported-input content. There …
Persistent link: https://www.econbiz.de/10014399195