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Are Entrepreneurs Aware of Covered Interest Parity and Dollar Shortage?
Nariman, Farhad; Heshmati, Almas - 2022
The purpose of this study is demonstrating why entrepreneurs should monitor the broad dollar index. This paper explains the reason why the broad dollar index has become a risk (leverage) gauge since 2008 using the Covered Interest Parity (CIP). CIP can be viewed as a reflection of the shadow...
Persistent link: https://www.econbiz.de/10013406442
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Would a Euro's Depreciation Improve the French Economy?
Magnani, Riccardo - 2017
In this paper, we use a Micro-Macro model to evaluate the effects of a euro's depreciation on the French economy, both … the two models is made using an iterative (or sequential) approach. We find that a 10% euro's depreciation stimulates the …
Persistent link: https://www.econbiz.de/10012945218
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Completing the Monetary Union of Europe as Mid-Term Solution of the Euro Crisis
Fischer, Justina A. V. - 2015
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the …
Persistent link: https://www.econbiz.de/10013016262
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Welfare Effects of the Euro Cash Changeover
Wunder, Christoph; Schwarze, Johannes; Krug, Gerhard; … - 2021
applies a parametric difference-in-differences approach to assess the real effects of the introduction of the euro on … currency on well-being. The results indicate a severe loss in well-being associated with the introduction of the new currency … the costs from the conversion and the adjustment to the new currency. Moreover, it is thought that losses are smaller when …
Persistent link: https://www.econbiz.de/10013317284
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The Spread of Anti-Trafficking Policies : Evidence from a New Index
Cho, Seo-Young - 2011
We analyze the spread of policies dealing with international trafficking in human beings. Arguing that countries are unlikely to make independent choices, we identify pressure, externalities and learning or emulation as plausible diffusion mechanisms for spatial dependence in anti-trafficking...
Persistent link: https://www.econbiz.de/10013128229
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Business Conditions and Default Risks Across Countries
Pflüger, Michael - 2011
The risk of default that business firms face is very significant and differs widely across countries. This paper explores the links between countries' business conditions and international trade embedment and the default risk at the country level from a theoretical point of view. Our main...
Persistent link: https://www.econbiz.de/10013128748
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Emigration and Democracy
Docquier, Frédéric - 2011
Migration is an important and yet neglected determinant of institutions. The paper documents the channels through which emigration affects home country institutions and considers dynamic-panel regressions for a large sample of developing countries. We find that emigration and human capital both...
Persistent link: https://www.econbiz.de/10013129925
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Which Institutions Encourage Entrepreneurs to Create Larger Firms?
Estrin, Saul - 2011
We develop entrepreneurship and institutional theory to explain variation in different types of entrepreneurship across individuals and institutional contexts. Our framework generates hypotheses about the negative impact of higher levels of corruption, weaker property rights and especially...
Persistent link: https://www.econbiz.de/10013129940
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Globalization and Strategic Research Investments
Bohnstedt, Anna - 2011
We develop a general equilibrium model of international trade with heterogeneous firms, where countries can invest into basic research to improve their technological potential. These research investments tighten firm selection and raise the average productivity of firms in the market, thereby...
Persistent link: https://www.econbiz.de/10013131927
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Emotional Prosperity and the Stiglitz Commission
Oswald, Andrew J. - 2011
This paper argues, in line with the proposals of the recent Stiglitz Commission on the Measurement of Economic Performance and Social Progress, that we should now be measuring a nation's emotional prosperity rather than its economic prosperity (that is, we ought to focus on the level of mental...
Persistent link: https://www.econbiz.de/10013131980