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Macroeconomic Volatility in Latin America : A View and Three Case Studies
Caballero, Ricardo J. - 2022
better economic environment. In this paper I review these sources through the recent experiences of Argentina, Chile and … Mexico …
Persistent link: https://www.econbiz.de/10013324598
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Identification Through Heteroskedasticity : Measuring "Contagion: Betweenargentinean and Mexican Sovereign Bonds
Rigobon, Roberto - 2010
contagion across sovereign bonds between Argentina and Mexico. The estimates of the simultaneous parameters are relatively to …
Persistent link: https://www.econbiz.de/10012763760
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The Curse of Non-Investment Grade Countries
Rigobon, Roberto - 2021
event on the properties of the transmission of shocks between Argentina and Mexico. The paper shows that there is a …Mexico was upgraded from non-investment to investment grade in March of 2000. This paper examines the impact of this … identification procedure based on conditional heteroskedasticity (ARCH) that solves the problem of estimation in a linear …
Persistent link: https://www.econbiz.de/10013248393
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Interest Rates, Contagion and Capital Controls
Edwards, Sebastian - 2021
the type Chile implemented throughout most of the 1990s reduce a country's vulnerability to contagion. I also deal, albeit … presented in this paper shows that the effectiveness of Chile's controls on inflows has often been overstated. Indeed, Chile was …
Persistent link: https://www.econbiz.de/10013231414
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Exchange Rate Regimes, Capital Flows and Crisis Prevention
Edwards, Sebastian - 2021
In this paper I analyze, within the context of the new 'financial architecture,' the relationship between exchange rate regimes, capital flows and currency crises in emerging economies. The paper draws on lessons learned during the 1990s, and deals with some of the most important policy...
Persistent link: https://www.econbiz.de/10013231996
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Speculative Attacks and Models of Balance-of-Payments Crises
Agenor, Pierre-Richard; Bhandari, Jagdeep S.; Flood, … - 2021
This paper reviews recent developments in the theoretical and empirical analysis of balance-of-payments crises. A simple analytical model highlighting the process leading to such crises is first developed. The basic framework is then extended to deal with a variety of issues, such as:...
Persistent link: https://www.econbiz.de/10013239338
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Incentives and Outcomes : China's Environmental Policy
Wu, Jing - 2013
In generating fast economic growth, China is also generating growing concern about its environmental record. Using 2000-2009 data, we find that, while spending on environmental infrastructure has visible positive environmental impact, city spending is strongly tilted towards transportation...
Persistent link: https://www.econbiz.de/10013075346
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Environmental Regulation and Productivity : Evidence from Oil Refineries
Berman, Eli; Bui, Linda TM - 2021
We examine the effect of air quality regulation on the productivity of some of the most heavily regulated manufacturing plants in the United States, the oil refineries of the Los Angeles (South Coast) Air Basin. We use direct measures of local air pollution regulation in this region to estimate...
Persistent link: https://www.econbiz.de/10013220396
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Environmental Policy and Firm Behavior : Abatement Investment and Location Decisions Under Uncertainty and Irreversibility
Xepapadeas, Anastasios - 2021
This paper explores abatement investment and location responses to environmental policy, which takes the form of emission taxes or tradeable emission permits and subsidies against the costs of abatement investment, under uncertainty and irreversibility. Uncertainty is associated with output...
Persistent link: https://www.econbiz.de/10013244403
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Are Windfalls a Curse? A Non-Representative Agent Model of the Current Account and Fiscal Policy
Tornell, Aaron; Lane, Philip R. - 2021
In several countries temporary terms of trade improvements have led to a deterioration of the current account. Furthermore, many of these countries failed to attain greater post-boom growth rates. The point we make is that the structure of the fiscal process is critical in determining outcomes....
Persistent link: https://www.econbiz.de/10013237941