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Optimal Currency Shares in International Reserves : The Impact of the Euro and the Prospects for the Dollar
Papaioannou, Elias - 2010
market countries (Brazil, Russia, India and China), adding constraints that reflect a central bank%u2019s desire to hold a …
Persistent link: https://www.econbiz.de/10012761272
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Asiaphoria Meets Regression to the Mean
Pritchett, Lant - 2014
Consensus forecasts for the global economy over the medium and long term predict the world's economic gravity will … substantially shift towards Asia and especially towards the Asian Giants, China and India. While such forecasts may pan out, there … are substantial reasons that China and India may grow much less rapidly than is currently anticipated. Most importantly …
Persistent link: https://www.econbiz.de/10013045644
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The Revived Bretton Woods System's First Decade
Dooley, Michael P. - 2014
cycle. Finally, recent policy initiatives suggest that India is poised to replace China as the dominant periphery country …
Persistent link: https://www.econbiz.de/10013047779
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Are Commodity Futures Prices Barometers of the Global Economy?
Hu, Conghui - 2013
This paper analyzes whether commodity futures prices traded in the United States reveal information relevant to stock prices of East Asian economies including China, Japan, Hong Kong, South Korea, and Taiwan. We find significant and positive predictive powers of overnight futures returns of...
Persistent link: https://www.econbiz.de/10013071915
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Diasporas and Outsourcing : Evidence from Odesk and India
Ghani, Syed Ejaz - 2014
, the world's largest online platform for outsourced contracts, where India is the largest country in terms of contract …This study examines the role of the Indian diaspora in the outsourcing of work to India. Our data are taken from oDesk … volume. We use an ethnic name procedure to identify ethnic Indian users of oDesk in other countries around the world. We find …
Persistent link: https://www.econbiz.de/10013065211
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Systemic Crises and Growth
Rancière, Romain G.; Tornell, Aaron; Westermann, Frank - 2022
In this paper, we document the fact that countries that have experienced occasional financial crises have, on average, grown faster than countries with stable financial conditions. We measure the incidence of crisis with the skewness of credit growth, and find that it has a robust negative...
Persistent link: https://www.econbiz.de/10013324629
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Death and Development
Lorentzen, Peter L.; McMillan, John; Wacziarg, Romain T. - 2021
Analyzing a variety of cross-national and sub-national data, we argue that high adult mortality reduces economic growth by shortening time horizons. Higher adult mortality is associated with increased levels of risky behavior, higher fertility, and lower investment in physical and human capital....
Persistent link: https://www.econbiz.de/10013235625
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Patterns of Intra- and Inter-State Trade
Wolf, Holger C. - 2021
Recent studies suggest that intranational trade is "excessive' compared to international trade. An intuitive explanation for this home bias is provided by national trade barriers. A dataset of trade between US states, however, reveals that home bias extends to subnational units. The data suggest...
Persistent link: https://www.econbiz.de/10013237256
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The Cost of Property Rights : Establishing Institutions on the Philippine Frontier Under American Rule, 1898-1918
Maurer, Noel - 2010
We examine three reforms to property rights introduced by the United States in the Philippines in the early 20th century: the redistribution of large estates to their tenants, the creation of a system of secure land titles, and a homestead program to encourage cultivation of public lands. During...
Persistent link: https://www.econbiz.de/10012758433
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Property Rights, Land Misallocation and Agricultural Efficiency in China
Chari, A.V. - 2017
This paper examines the impact of a property rights reform in rural China that allowed farmers to lease out their land. We find the reform led to increases in land rental activity in rural households. Consistent with a model of transaction costs in land markets, our results indicate that the...
Persistent link: https://www.econbiz.de/10012941473