Showing 1 - 10 of 527
This paper develops an adaptive learning model under uncertainty that examines evolution of capital account polices over time and across developing regions. In the framework, countries' past experiences and IMF programs influence policymakers' beliefs about the impact of capital account...
Persistent link: https://www.econbiz.de/10013029623
In this paper, we provide an overview of the relationship between international migration and international trade as … channels, on internal income distribution, international income convergence and on whether migration and trade are substitutes … technology, globalization tends to lead to convergence. Moreover, under non-convex technology trade and migration tend to be …
Persistent link: https://www.econbiz.de/10013098128
The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications …
Persistent link: https://www.econbiz.de/10013160313
We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...
Persistent link: https://www.econbiz.de/10012840446
in the international monetary system but is unlikely to displace the U.S. dollar anytime soon …
Persistent link: https://www.econbiz.de/10013110844
The financial means of international terror and organized crime organizations are analysed. First, some short remarks … about the organization of international terror organizations are made. Second and in a much more detailed way a literature …
Persistent link: https://www.econbiz.de/10013145188
Economic theory has identified a number of channels through which openness to international financial flows could raise …
Persistent link: https://www.econbiz.de/10013325040
I document that emerging markets have cast off their "original sin" – their external liabilities are no longer dominated by foreign-currency debt and have instead shifted sharply towards direct investment and portfolio equity. Their external assets are increasingly concentrated in foreign...
Persistent link: https://www.econbiz.de/10013119287
This paper examines how stringent de facto firing regulations affect firm size throughout the developing world. We …
Persistent link: https://www.econbiz.de/10013037589
monopsony power of firms, even though regulation generates lower employment and income. Empirically, we do find that individuals … first century and family values prevailing before World War II, which suggests that labor market regulations have deep …
Persistent link: https://www.econbiz.de/10013147861