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Military Expenditure, Threats, and Growth

Aizenman, Joshua - 2003

threats, corruption, and other relevant controls. While growth falls with higher levels of military spending, given the values …

Persistent link: https://www.econbiz.de/10012469080

Macroeconomic Adjustment and the History of Crises in Open Economies

Aizenman, Joshua - 2012

In contrast, we find that past crisis experience has a significant impact on savings. When facing considerable political risk, the past does seem to matter - countries with more people who were exposed, over their lifetime, to larger disasters will tend to save more. This association, however,...

Persistent link: https://www.econbiz.de/10012460133

Institutional Efficiency, Monitoring Costs, and the Investment Share of FDI

Aizenman, Joshua - 2002

obstacles associated with corruption and weak institutions. We model these circumstances in a principal-agent framework with … economic corruption as an indicator of the strength of property right enforcement within a given country. We compare corruption … levels for a large cross section of countries in 1989 to subsequent FDI flows from 1990 to 1999. We find that corruption is …

Persistent link: https://www.econbiz.de/10012469382

Financial sector ups and downs and the real sector : big hindrance, little help

Aizenman, Joshua - 2011

"We examine how financial expansion and contraction cycles affect the broader economy through their impact on 8 real …

Persistent link: https://www.econbiz.de/10011395532

Capital Controls and Financial Crises

Aizenman, Joshua - 1999

foreigners, and the conditions inducing an emerging market economy to switch its policies. We consider an economy characterized … may induce the emerging market's capitalists to support opening up the economy to FDI. This attitude switch is more likely …

Persistent link: https://www.econbiz.de/10012471387

A Two Covid-19 Years Quartile Comparison of Official with Excess Mortality : Voice and Accountability and the Impact of Vaccines

Aizenman, Joshua - 2022

We evaluate the quartile ranking of countries during the Covid-19 pandemic using both official (i.e., confirmed) and excess mortality data. Contrasting countries' rankings using these two data sources reveal sharp and systematic differences. While higher GDP per capita is associated with a worse...

Persistent link: https://www.econbiz.de/10012938747

The Political Economy of the COVID-19 Fiscal Stimulus Packages of 2020

Aizenman, Joshua; Jinjarak, Yothin; Nguyen, Hien Thi Kim; … - National Bureau of Economic Research - 2021

of the politics and political-economy considerations that led to the specific content of each fiscal program will have to …

Persistent link: https://www.econbiz.de/10012660038

Fiscal Stimulus and Commercial Bank Lending Under COVID-19

Aizenman, Joshua; Jinjarak, Yothin; Spiegel, Mark - National Bureau of Economic Research - 2022

We investigate the implications of extra-normal government spending under the COVID-19 pandemic for commercial bank lending growth between 2019Q4 and 2020Q4 in a large sample of over 3000 banks from 71 countries. We control for pre-pandemic structural factors, bank characteristics and government...

Persistent link: https://www.econbiz.de/10013172181

Tariff Liberalization Policy and Financial Restrictions

Aizenman, Joshua - 1983

The purpose of this paper is to assess how restrictions on capital mobility affect adjustment to a tariff liberalization policy. This is done by comparing the adlustment process under free and restricted convertibility of foreign assets in a regime where the commercial exchange rate is pegged....

Persistent link: https://www.econbiz.de/10012477844

The Currency Composition of International Reserves, Demand for International Reserves, and Global Safe Assets

Aizenman, Joshua - 2019

This paper examines determinants of the international reserves (IR) currency composition before and after the Global Financial Crisis (GFC). Applying the annual data of 58 countries, we confirm that countries that trade more with the US, euro zone, UK, and Japan, and issue more debt denominated...

Persistent link: https://www.econbiz.de/10012479884