Showing 1 - 10 of 33
Fears that globalization necessarily hurts the environment are not well-founded. A survey reveals little statistical …
Persistent link: https://www.econbiz.de/10013217954
Globalization of trade and finance has gone a long way over the last half-century. But it is less impressive than most … international integration. The paper documents the extent of globalization, and some reasons for the barriers that remains. It then … environment. The conclusion is that globalization is not the primary obstacle to efforts to address such concerns …
Persistent link: https://www.econbiz.de/10013222642
forecasted to last indefinitely, retrenchment is treated as unnecessary. Many believe that better fiscal policy can be obtained …
Persistent link: https://www.econbiz.de/10013122217
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 … US economy, and (2) does US macroeconomic policy eventually undermine confidence in the value of the dollar, in the form …
Persistent link: https://www.econbiz.de/10013105149
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
We explore a framework that could be used to assign quantitative allocations of emissions of greenhouse gases (GHGs), across countries, one budget period at a time. Under the two-part plan: (i) China, India, and other developing countries accept targets at Business as Usual (BAU) in the coming...
Persistent link: https://www.econbiz.de/10013091941
The paper presents and estimates a model of the prices of oil and other storable commodities, a model that can be characterized as reflecting the carry trade. It focuses on speculative factors, here defined as the trade-off between interest rates on the one hand and market participants'...
Persistent link: https://www.econbiz.de/10013075796
Figures for 1995 estimate trading by dealers in the foreign exchange market at over $1,200 billion per day, most of it with other dealers. Some have linked this volume to concerns of excessive volatility in the market. Tobin's proposal to address this volatility with a small tax on all foreign...
Persistent link: https://www.econbiz.de/10012774984
We examine the impact of bank supervision on the financing obstacles faced by almost 5,000 corporations across 49 countries. We find that firms in countries with strong official supervisory agencies that directly monitor banks tend to face greater financing obstacles. Moreover, powerful official...
Persistent link: https://www.econbiz.de/10012786649