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Market Integration and Contagion
Bekaert, Geert - 2010
Contagion is usually defined as correlation between markets in excess of what would be implied by economic fundamentals; however, there is considerable disagreement regarding the definitions of the fundamentals, how the fundamentals might differ across countries, and the mechanisms that link the...
Persistent link: https://www.econbiz.de/10012762856
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Bubbles and Capital Flows
Ventura, Jaume - 2021
This paper presents a stylized model of international trade and asset price bubbles. Its central insight is that bubbles tend to appear and expand in countries where productivity is low relative to the rest of the world. These bubbles absorb local savings, eliminating inefficient investments and...
Persistent link: https://www.econbiz.de/10013224919
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Is Price Adjustment Asymmetric? : Evaluating the Market Share and Marketing Bottlenecks Hypothesis
Knetter, Michael M. - 2011
The theoretical literature on pricing-to-market has identified two possible reasons why the elasticity of prices to exchange rate changes may be asymmetric across appreciations and depreciations. If firms are attempting to increase market shares in foreign markets subject to the possibility of...
Persistent link: https://www.econbiz.de/10013124599
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Markup Adjustment and Exchange Rate Fluctuations : Evidence from Panel Data on Automobile Exports
Gagnon, Joseph - 2010
This paper uses bilateral automobile export unit values from the United States, Germany and Japan to measure the …
Persistent link: https://www.econbiz.de/10012762687
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International Comparisons of Pricing-to-Market Behavior
Knetter, Michael M. - 2010
the U.S. from Germany and Japan is similar to price adjustment observed on shipments to other destinations. Most variation …
Persistent link: https://www.econbiz.de/10012763503
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Exchange Rates and Corporate Pricing Strategies
Knetter, Michael M. - 2010
This paper reviews the recent literature on pass-through and pricing-to-market. Pricing-to market behavior is estimated for a new, larger data set with 60 German and 20 U.S. 7-digit industries. The results conform closely to what has been found elsewhere in smaller detailed data sets and at...
Persistent link: https://www.econbiz.de/10012763511
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Measures of Prices and Price Competitiveness in International Trade in Manufactured Goods
Lipsey, Robert E.; Molinari, Linda; Kravis, Irving B. - 2021
international trade in manufactured goods. These include: 1. Indexes of export prices for the U.S., Germany, and Japan, based on … of domestic prices for the U. S., Germany, and Japan based on export weights; 3. Indexes for developed country exports of … exports of manufactures, and indexes for exports of the U.S., Germany, and Japan on the sane sets of weights. The indexes for …
Persistent link: https://www.econbiz.de/10013225954
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Measuring the Intensity of Competition in Export Markets
Goldberg, Pinelopi; Knetter, Michael M. - 2021
This paper develops an approach to measuring the intensity of competition in international markets. The method measures the degree of 'outside' competition faced by exporters located in one source country from firms located outside the source country. We use the elasticity of price and quantity...
Persistent link: https://www.econbiz.de/10013233435
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Why are Retail Prices in Japan so High? : Evidence from German Export Prices
Knetter, Michael M. - 2021
It is well documented that retail prices in Japan are higher than in other countries for similar products. The two main competing explanations for this finding are: (1) a relatively high degree of discriminatory practices against imports and (2) relatively high distribution costs associated with...
Persistent link: https://www.econbiz.de/10013227756
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Pricing to Market When the Exchange Rate Changes
Krugman, Paul R. - 2022
It has been widely remarked that US import prices have not fully reflected movements in the exchange rate. This paper begins with an investigation of the actual extent of "pricing to market" by foreign suppliers. It shows that pricing to market is a real phenomenon, but not universal; in...
Persistent link: https://www.econbiz.de/10013324641