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Dollar Safety and the Global Financial Cycle

Jiang, Zhengyang; Krishnamurthy, Arvind; Lustig - 2022

exorbitant privilege, spillovers of the U.S. monetary policy to the rest of the world, and the dollar as a global risk factor. In …

Persistent link: https://www.econbiz.de/10013300132

Globalization Policies and Israel's Brain Drain

Razin, Assaf - 2017

Persistent link: https://www.econbiz.de/10012960698

Globalization and Global Crises : Rest of the World vs. Israel

Razin, Assaf - 2021

. The paper provides an overview of the new globalization trends in the world and in Israel, with emphasis on the role of …Post WWII globalization forces are facing headwinds in the form of global crises-the “The Great Recession” and the “The … Pandemic Recession”. Israel’s trade and financial globalization, however, is steadily rising. The pandemic-induced slump in …

Persistent link: https://www.econbiz.de/10013250932

International Migration and International Trade

Razin, Assaf; Sadka, Efraim - 2021

This paper surveys key developments in the theory of international migration and international trade, and provides a few stylized facts. International migration, in many important cases, such as cross-country differences in productivity, can be a complement to international flows of commodities....

Persistent link: https://www.econbiz.de/10013218419

Emerging Market Crises : an Asset Markets Perspective

Caballero, Ricardo J. - 2010

Although internal policy mismanagements can be cited in most recent emerging market crises, they seldom account fully for the severity of these crises. The reluctance of international investors to provide the resources that would limit the extent of the reversal almost invariably plays a key...

Persistent link: https://www.econbiz.de/10012763359

Integration of the International Capital Markets : the Size of Government and Tax Coordination

Razin, Assaf - 2009

source-based tax schemes) is essential for the existence of an equilibrium in an integrated world economy …

Persistent link: https://www.econbiz.de/10012767952

International and Domestic Collateral Constraints in a Model of Emerging Market Crises

Caballero, Ricardo J.; Krishnamurthy, Arvind - 2021

We build a model of emerging markets crises which features two types of collateral constraints. Firms in a domestic economy have limited borrowing capacity from international investors. They also have limited borrowing capacity with respect to each other. We study how the presence of and changes...

Persistent link: https://www.econbiz.de/10013233429

International Liquidity Management : Sterilization Policy in Illiquid Financial Markets

Caballero, Ricardo J.; Krishnamurthy, Arvind - 2021

During the booms that precede crises in emerging economies, policy makers often struggle to limit capital flows and their expansionary consequences. The main policy tool for this task is sterilization - essentially a swap of international reserves for public bonds. However, there is an extensive...

Persistent link: https://www.econbiz.de/10013245510

Capital Market Integration : Issues of International Taxation

Razin, Assaf; Sadka, Efraim - 2021

The paper analyzes three issues in international taxation: (a) How the opening of the economy to international capital movements affects the size and structure of the fiscal branch of government: (b) Optimal restrictions on capital exports in the face of capital flight; and (c) The structure of...

Persistent link: https://www.econbiz.de/10013310565

International Capital Movements Under Uncertainty

Grossman, Gene M.; Razin, Assaf - 2021

and international trade in goods and securities.In our model, the world allocation of capital is governed, to some extent … world of certaint and may hinge on the identity of the factor which is used intensively in the industry with random …

Persistent link: https://www.econbiz.de/10013311908