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Open Regionalism in a World of Continental Trade Blocs
Wei, Shang-Jin; Frankel, Jeffrey A. - 2021
Continental trade blocs are emerging in many parts of the world almost in tandem. If trade blocs are required to … reduction of trade barriers against non-member countries. That may not be politically feasible. On the other hand, in a world of …
Persistent link: https://www.econbiz.de/10013225933
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Does Openness to Trade Make Countries More Vulnerable to Sudden Stops, or Less? Using Gravity to Establish Causality
Frankel, Jeffrey A.; Cavallo, Eduardo A. - 2021
Openness to trade is one factor that has been identified as determining whether a country is prone to sudden stops in capital inflow, currency crashes, or severe recessions. Some believe that openness raises vulnerability to foreign shocks, while others believe that it makes adjustment to crises...
Persistent link: https://www.econbiz.de/10013311905
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Political Limits to Globalization
Acemoglu, Daron - 2010
Despite the major advances in information technology that have shaped the recent wave of globalization, openness to trade is still a political choice, and trade policy can change with shifts in domestic political equilibria. This paper suggests that a particular threat and a limiting factor to...
Persistent link: https://www.econbiz.de/10013148385
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Import Competition and the Great U.S. Employment Sag of the 2000s
Acemoglu, Daron - 2014
understood. In this paper, we explore the contribution of the swift rise of import competition from China to sluggish U ….S. employment growth. We find that the increase in U.S. imports from China, which accelerated after 2000, was a major force behind … import competition from China over the period 1999 to 2011. The estimated employment effects are larger in magnitude at the …
Persistent link: https://www.econbiz.de/10013048616
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Over-Optimism in Forecasts by Official Budget Agencies and its Implications
Frankel, Jeffrey A. - 2011
The paper studies forecasts of real growth rates and budget balances made by official government agencies among 33 countries. In general, the forecasts are found: (i) to have a positive average bias, (ii) to be more biased in booms, (iii) to be even more biased at the 3-year horizon than at...
Persistent link: https://www.econbiz.de/10013122217
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The European Origins of Economic Development
Easterly, William - 2012
Although a large literature argues that European settlement outside of Europe shaped institutional, educational, technological, cultural, and economic outcomes, researchers have been unable to directly assess these predictions because of an absence of data on colonial European settlement. In...
Persistent link: https://www.econbiz.de/10013104984
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Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?
Chinn, Menzie David - 2012
determinants of the shares of major currencies in the reserve holdings of the world's central banks. Significant factors include … euro might in the future rival or surpass the dollar as the world's leading international reserve currency appears to …
Persistent link: https://www.econbiz.de/10013105149
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Financial Development in 205 Economies, 1960 to 2010
Čihák, Martin - 2013
financial systems around the world. The database provides information on financial systems in 205 economies over the period from …
Persistent link: https://www.econbiz.de/10013083757
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Bank Regulation and Supervision in 180 Countries from 1999 to 2011
Barth, James R. - 2013
In this paper and the associated online database, we provide new data and measures of bank regulatory and supervisory policies in 180 countries from 1999 to 2011. The data include and the measures are based upon responses to hundreds of questions, including information on permissible bank...
Persistent link: https://www.econbiz.de/10013087792
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Sustainable Cooperation in Global Climate Policy : Specific Formulas and Emission Targets to Build on Copenhagen and Cancun
Bosetti, Valentina - 2013
), across countries, one budget period at a time. Under the two-part plan: (i) China, India, and other developing countries …
Persistent link: https://www.econbiz.de/10013091941