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The Finnish Great Depression : From Russia with Love
Gorodnichenko, Yuriy - 2015
During the period 1991-93, Finland experienced the deepest economic downturn in an industrialized country since the 1930s. We argue that the culprit behind this Great Depression was the collapse of Finnish trade with the Soviet Union, because it induced a costly restructuring of the...
Persistent link: https://www.econbiz.de/10012749804
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Commercial Imperialism? Political Influence and Trade During the Cold War
Berger, Daniel - 2010
We exploit the recent declassification of CIA documents and examine whether there is evidence of US power being used to influence countries' decisions regarding international trade. We measure US influence using a newly constructed annual panel of CIA interventions aimed at installing and...
Persistent link: https://www.econbiz.de/10013143469
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International Policy Coordination : The Long View
Eichengreen, Barry - 2013
This paper places current efforts at international economic policy coordination in historical perspective. It argues that successful cooperation is most likely in four sets of circumstances. First, when it centers on technical issues. Second, when cooperation is institutionalized - when...
Persistent link: https://www.econbiz.de/10013091942
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On Current Account Surpluses and the Correction of Global Imbalances
Edwards, Sebastian - 2007
In this paper I analyze the nature of external adjustments in current account surplus countries. I ask whether a realignment of world growth rates -- with Japan and Europe growing faster, and the U.S. growing more slowly -- is likely to solve the current situation of global imbalances. The main...
Persistent link: https://www.econbiz.de/10012777651
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Mars or Mercury? The Geopolitics of International Currency Choice
Eichengreen, Barry - 2017
We assess the role of economic and security considerations in the currency composition of international reserves. We contrast the “Mercury hypothesis” that currency choice is governed by pecuniary factors familiar to the literature, such as economic size and credibility of major reserve...
Persistent link: https://www.econbiz.de/10012940799
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Long-Term Barriers to the International Diffusion of Innovations
Spolaore, Enrico - 2012
We document an empirical relationship between the cross-country adoption of technologies and the degree of long-term historical relatedness between human populations. Historical relatedness is measured using genetic distance, a measure of the time since two populations' last common ancestors. We...
Persistent link: https://www.econbiz.de/10013114316
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Nationalism and Economic Exchange : Evidence from Shocks to Sino-Japanese Relations
Fisman, Raymond J. - 2014
We study the impact of nationalism and interstate frictions on international economic relations by analyzing market reaction to adverse shocks to Sino-Japanese relations in 2005 and 2010. Japanese companies with high China exposure suffer relative declines during each event window; a symmetric...
Persistent link: https://www.econbiz.de/10013054515
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The Gorbachev Anti-Alcohol Campaign and Russia's Mortality Crisis
Bhattacharya, Jay - 2012
Political and economic transition is often blamed for Russia's 40% surge in deaths between 1990 and 1994. Highlighting … the campaign's end explains a large share of the mortality crisis - implying that Russia's transition to capitalism and …
Persistent link: https://www.econbiz.de/10013096856
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Russian Inequality on the Eve of Revolution
Nafziger, Steven - 2012
countries, to Russia's earlier history, and to Russia's income distribution today? Careful weighing of an eclectic data set … of European Russia. In 1904, on the eve of military defeat and the 1905 Revolution, Russian income inequality was … States, and Russia itself. We also note how the interplay of some distinctive fiscal and relative-price features of Imperial …
Persistent link: https://www.econbiz.de/10013100677
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Does Finance Cause Growth? Evidence from the Origins of Banking in Russia
Berkowitz, Daniel - 2012
This paper examines the effect of banking on economic growth in modern Russia. To overcome simultaneity and selection …
Persistent link: https://www.econbiz.de/10013104994