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Liquidity Management and Corporate Investment During a Financial Crisis
Campello, Murillo - 2010
This paper uses a unique dataset to study how firms managed liquidity during the financial crisis. Our analysis provides new insights on the interactions between internal liquidity, external funds, and real corporate decisions, such as investment and employment. We first describe how companies...
Persistent link: https://www.econbiz.de/10013138771
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A Note on Long-Run Persistence of Public Health Outcomes in Pandemics
Lin, Zhixian - 2020
Covid-19 is the single largest threat to global public health since the Spanish Influenza pandemic of 1918-20. Was the world better prepared in 2020 than it was in 1918? After a century of public health and basic science research, pandemic response and mortality outcomes should be better than in...
Persistent link: https://www.econbiz.de/10012834466
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Did Vasco Da Gama Matter for European Markets? Testing Frederick Lane's Hypotheses Fifty Years Later
O'Rourke, Kevin H. - 2009
century Venetian spice markets were already well integrated with those in Iberia and northern Europe, implying that Portugal … Europe. In addition, it explores European market integration before and after 1503, the year when da Gama returned from his …
Persistent link: https://www.econbiz.de/10012767453
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Two Tales of Adjustment : East Asian Lessons for European Growth
Chari, Anusha - 2014
be more different. Common wisdom has it that on impact Asia endured fiscal austerity imposed by the IMF whereas the IMF … different policies to begin with, the fiscal adjustment in Asia was far more modest than is commonly known and the switch from … stimulus to austerity in Europe was quite abrupt. The difference in fiscal stance helps explain the difference in the post …
Persistent link: https://www.econbiz.de/10013060259
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A Long Term Perspective on the Euro
Bordo, Michael D. - 2008
This study grounds the establishment of EMU and the euro in the context of the history of international monetary cooperation and of monetary unions, above all in the U.S., Germany and Italy. The purpose of national monetary unions was to reduce transactions costs of multiple currencies and...
Persistent link: https://www.econbiz.de/10012772728
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Exporting and Firm Performance : Chinese Exporters and the Asian Financial Crisis
Park, Albert - 2010
We ask how export demand shocks associated with the Asian financial crisis affected Chinese exporters. We construct firm-specific exchange rate shocks based on the pre-crisis destinations of firms' exports. Because the shocks were unanticipated and large, they are a plausible instrument for...
Persistent link: https://www.econbiz.de/10012758022
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The Impact of China on the Exports of Other Asian Countries
Eichengreen, Barry; Rhee, Yeongseop; Tong, Hui - 2021
We analyze the impact of China's growth on the exports of other Asian countries. Our innovation is to distinguish the increase in China's demand for imports from its increased penetration of export markets. Using the gravity model, we disaggregate among commodity types and account for the...
Persistent link: https://www.econbiz.de/10013225046
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Trade Linkages and Output-Multiplier Effects : A Structural VAR Approach with a Focus on Asia
Abeysinghe, Tilak; Forbes, Kristin J. - 2022
This paper develops a structural VAR model to measure how a shock to one country can affect the GDP of other countries. It uses trade linkages to estimate the multiplier effects of a shock as it is transmitted through other countries' output fluctuations. The paper introduces a new specification...
Persistent link: https://www.econbiz.de/10013292459
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The Trade Performance of Asian Economies During and Following the 2008 Financial Crisis
Wang, Jing - 2010
This paper documents and compares the trade performance of the major Asian economies both during and following the 2008 financial crisis. We consider China, India, Thailand, Malaysia, South Korea, Japan, Singapore and Chinese Taiwan. We access separate country data files giving monthly trade...
Persistent link: https://www.econbiz.de/10013141843
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Currency and Financial Crises of the 1990s and 2000s
Razin, Assaf - 2011
We survey three distinct types of financial crises which took place in the 1990s and the 2000s: 1) the credit implosion leading to severe banking crisis in Japan; 2) The foreign reserves' meltdown triggered by foreign hot money flight from frothy economies with fixed exchange rate regimes of...
Persistent link: https://www.econbiz.de/10013130560