Showing 1 - 10 of 447
government spending can bolster support for globalization by reducing the risk associated with it in the minds of voters …
Persistent link: https://www.econbiz.de/10012760172
Using the "trilemma indexes" developed by Aizenman et al. (2008) that measure the extent of achievement in each of the three policy goals in the trilemma--monetary independence, exchange rate stability, and financial openness--we examine how policy configurations affect macroeconomic...
Persistent link: https://www.econbiz.de/10013145228
The emergence of the Asian tiger countries and the participation of the ex-communist countries in world trade has reduced the equilibrium price of labor in western Europe and elsewhere. However, the actual price of labor hardly reacts, because the welfare state's minimum replacement incomes are...
Persistent link: https://www.econbiz.de/10012777456
This paper estimates the effects of maternal malnutrition exploiting the 1959-1961 Chinese famine as a natural experiment. In the 1% sample of the 2000 Chinese Census, we find that fetal exposure to acute maternal malnutrition had compromised a range of socioeconomic outcomes, including:...
Persistent link: https://www.econbiz.de/10013217964
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
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
the yen's status as an only fully convertible currency in Asia, two patterns stand out as puzzling features of an … exports to advanced countries, and second, the prevalence of US dollar invoicing in Japanese exports to East Asia even though … Japanese firms grew; and (2) the production/trade structure of Japanese electronics companies in Asia in which final products …
Persistent link: https://www.econbiz.de/10013139736
spectacular advances of the economies of China, India, and Southeast Asia. Section 1 reviews the debate over the sources of … the new recognition among Western economists that the sustained, very rapid growth in China and Southeast Asia was …
Persistent link: https://www.econbiz.de/10013117048
In this paper, we present data on trends over time in domestic saving rates in twelve economies in developing Asia … Asia have, in general, been high and rising but that there have been substantial differences from economy to economy and … rates in developing Asia for the 2011-2030 period based on our estimation results and find that the domestic saving rate in …
Persistent link: https://www.econbiz.de/10013118468
In this paper I use weekly data from seven emerging nations - four in Latin America and three in Asia - to investigate … dynamics - in Latin America and Asia. The results also indicate that capital controls are not an effective tool for isolating …
Persistent link: https://www.econbiz.de/10013097663