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French Wine and the U.S. Boycott of 2003 : Does Politics Really Affect Commerce?
Ashenfelter, Orley - 2007
, wine in particular, rebounded through all forms of media. In the spring of 2003, French business people even reported that … the boycott calls were hurting their U.S. sales. Using a dataset of sales of nearly 4,700 individual wine brands, we show … that there actually was no boycott effect. Rather, sales of French wine dipped for two reasons. First, they experience a …
Persistent link: https://www.econbiz.de/10012776517
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Trade and Structural Interdependence between the U.S. And the Nics
Branson, William H. - 2022
During the decade since 1973, the U.S. economy has become increasingly interdependent with the newly industrializing countries (NICs) among the developing countries. These countries have had high investment ratios to GNP, financed mainly by domestic saving, but also partly by foreign borrowing....
Persistent link: https://www.econbiz.de/10014112639
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What Hurts Most? G-3 Exchange Rate or Interest Rate Volatility
Reinhart, Carmen M.; Reinhart, Vincent R. - 2021
With many emerging market currencies tied to the U.S. dollar either implicitly or explicitly, movements in the exchange values of the currencies of major countries have the potential to influence the competitive position of many developing countries. According to some analysts, establishing...
Persistent link: https://www.econbiz.de/10013230967
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Inflation Targeting and Real Exchange Rates in Emerging Markets
Aizenman, Joshua - 2010
We investigate inflation targeting (IT) in emerging markets, focusing on the role of the real exchange rate and the distinction between commodity and non-commodity exporters. IT emerging markets appear to follow a quot;mixed strategyquot; whereby both inflation and real exchange rates are...
Persistent link: https://www.econbiz.de/10012758026
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A Distant Mirror of Debt, Default, and Relief
Reinhart, Carmen - 2014
We take a first pass at quantifying the magnitudes of debt relief achieved through default and restructuring in two distinct samples: 1979-2010, focusing on credit events in emerging markets, and 1920-1939, documenting the official debt hangover in advanced economies that was created by World...
Persistent link: https://www.econbiz.de/10013045576
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Poor Quality Drugs and Global Trade : A Pilot Study
Bate, Roger; Jin, Ginger Zhe; Mathur, Aparna; Attaran, Amir - 2021
explanation is that Indian pharmaceutical firms and/or their export intermediaries do indeed differentiate drug quality according …
Persistent link: https://www.econbiz.de/10013312516
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Rethinking the Effects of Financial Liberalization
Broner, Fernando - 2011
During the last few decades, many emerging markets have lifted restrictions on cross-border financial transactions. The conventional view was that this would allow these countries to: (i) receive capital inflows from advanced countries that would finance higher investment and growth; (ii) insure...
Persistent link: https://www.econbiz.de/10013132044
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Financial Sector Regulation and Reforms in Emerging Markets : An Overview
Prasad, Eswar S. - 2010
This paper provides an overview of the complex conceptual and practical challenges that emerging market economies face as they attempt to reform their frameworks for financial regulation. These economies are striving to balance the quest for financial stability with the imperatives of financial...
Persistent link: https://www.econbiz.de/10013137321
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Exchange Market Pressure and Absorption by International Reserves : Emerging Markets and Fear of Reserve Loss During the 2008-09 Crisis
Aizenman, Joshua - 2010
This paper evaluates how the global financial crisis emanating from the U.S. was transmitted to emerging markets. Our focus is on the extent that the crisis caused external market pressures (EMP), and whether the absorption of the shock was mainly through exchange rate depreciation or the loss...
Persistent link: https://www.econbiz.de/10013138399
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Emerging Local Currency Bond Markets
Burger, John D. - 2010
We assess the development of local currency bond markets in emerging market economies (EMEs). Supported by policies and laws that helped to improve macroeconomic stability and creditor rights, many local currency EME bond markets have grown substantially over the past decade and have also...
Persistent link: https://www.econbiz.de/10013139558