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Ito, Takatoshi - 2021

factors to the role of capital flows in the currency crises in different countries, especially Thailand, Indonesia, and Korea …

Persistent link: https://www.econbiz.de/10013221289

United States Steel'S Acquisition of the Great Northern Ore Properties : Vertical Foreclosure or Efficient Contractual Governance?

Mullin, Joseph C.; Mullin, Wallace P. - 2021

This paper examines United States Steel's acquisition by long-term lease of the iron ore properties of the Great Northern Railway. This 1906 transaction, which significantly increased U.S. Steel's already substantial ore holdings, has been characterized by contemporary observers and modern...

Persistent link: https://www.econbiz.de/10013222626

Firm-Specific Information and the Efficiency of Investment

Chari, Anusha - 2006

We use a new firm-level dataset to examine the efficiency of investment in emerging economies. In the three-year period following stock market liberalizations, the growth rate of the typical firm's capital stock exceeds its pre-liberalization mean by an average of 5.4 percentage points....

Persistent link: https://www.econbiz.de/10012780226

Recovery and Sustainability in East Asia

Park, Yung Chul; Lee, Jong-Wha - 2021

This paper analyzes the macroeconomic adjustment from the crisis in East Asia in a broad international prospective. The stylized pattern from the previous 160 currency crisis episodes over the period from 1970 to 1995 shows a V-type adjustment of real GDP growth in the years prior to and...

Persistent link: https://www.econbiz.de/10013227193

Current Account Sustainability : Selected East Asian and Latin American Experiences

Milesi-Ferretti, Gian Maria; Razin, Assaf - 2021

, Colombia and Mexico -- and three East Asian countries--Korea, Malaysia and Thailand. It identifies a number of potential …

Persistent link: https://www.econbiz.de/10013230779

The Yen and its East Asian Neighbors, 1980-1995 : Cooperation or Competition?

Takagi, Shinji - 2021

By looking at how an East Asian currency moves when the yen fluctuates sharply against the US dollar, we sometimes find that the reaction has been much more significant than would be suggested by the econometric estimates of the weight of the yen in nominal exchange rate determination. Moreover,...

Persistent link: https://www.econbiz.de/10013246656

Did the Malaysian Capital Controls Work?

Kaplan, Ethan; Rodrik, Dani - 2021

Malaysia recovered from the Asian financial crisis swiftly after the imposition of capital controls in September 1998 …. The fact that Korea and Thailand recovered in parallel has been interpreted as suggesting that capital controls did not … play a significant role in facilitating Malaysia's rebound. However, the financial crisis was deepening in Malaysia in the …

Persistent link: https://www.econbiz.de/10013235866

Human Capital and Social Capital : The Rise of Secondary Schooling in America, 1910 to 1940

Goldin, Claudia; Katz, Lawrence F. - 2021

The United States led all other nations in the development of universal and publicly-funded secondary school education and much of the growth occurred from 1910 to 1940. The focus here is on the reasons for the high school movement' in American generally and why it occurred so early and swiftly...

Persistent link: https://www.econbiz.de/10013248548

Trade, Diffusion and the Gains from Openness

Rodríguez-Clare, Andrés - 2012

Building on Eaton and Kortum's (2002) model of Ricardian trade, Alvarez and Lucas (2005) calculate that a small country representing 1% of the world's GDP experiences a gain of 41% as it goes from autarky to frictionless trade with the rest of the world. But the gains from openness, which...

Persistent link: https://www.econbiz.de/10012755278

How Big are the Gains from International Financial Integration?

Hoxha, Indrit - 2010

The literature has shown that the implied welfare gains from international financial integration are very small. We revisit the existing findings and document that welfare gains can be substantial if capital goods are not perfect substitutes. We use a model of optimal savings that includes a...

Persistent link: https://www.econbiz.de/10012758019

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