Similar Search Results

Capital Flows in a Globalized World : The Role of Policies and Institutions

Alfaro, Laura - 2005

We describe the patterns of international capital flows in the period 1970 - 2000. We then examine the determinants of capital flows and capital flows volatility during this period. We find that institutional quality is an important determinant of capital flows. Historical determinants of...

Persistent link: https://www.econbiz.de/10012466976

Fiscal Policy in the Age of COVID : Does it ‘Get in all of the Cracks?'

Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - National Bureau of Economic Research - 2021

We study the effects of fiscal policy in response to the COVID-19 pandemic at the firm, sector, country and global level. First, we estimate the impact of COVID-19 and policy responses on small and medium sized enterprise (SME) business failures. We combine firm-level financial data from 50...

Persistent link: https://www.econbiz.de/10012629513

Emergence of Asia : Reforms, Corporate Savings, and Global Imbalances

Fan, Jingting - 2016

One of the explanations for global imbalances is the self-financing behavior of credit-constrained firms in rapidly growing emerging markets. We use an extensive firm-level data set from several Asian countries during 2002-2011, and test the micro foundation of this theory by estimating the...

Persistent link: https://www.econbiz.de/10012456342

Corporate Debt, Boom-Bust Cycles, and Financial Crises

Ivashina, Victoria; Kalemli-Ozcan, Sebnem; Laeven, Luc; … - National Bureau of Economic Research - 2024

Using a new dataset on sectoral credit exposures covering financial and non-financial sectors in 115 economies over the period 1940-2014, we document the following evidence that corporate debt plays a key role in explaining boom-bust cycles, financial crises, and slow macroeconomic recoveries:...

Persistent link: https://www.econbiz.de/10014512079

Do Some Enterprise Zones Create Jobs?

Kolko, Jed - 2009

We study how the employment effects of enterprise zones vary with their location, implementation, and administration, based on evidence from California. We use new establishment-level data and geographic mapping methods, coupled with a survey of enterprise zone administrators. Overall, the...

Persistent link: https://www.econbiz.de/10012463443

Financial Integration within EU Countries : The Role of Institutions, Confidence and Trust

Ekinci, Mehmet Fatih - 2007

from the World Values Surveys, we investigate the effect of "social capital" on financial integration among European …

Persistent link: https://www.econbiz.de/10012465209

Why Doesn't Capital Flow from Rich to Poor Countries? An Empirical Investigation

Alfaro, Laura - 2005

We examine the empirical role of different explanations for the lack of flows of capital from rich to poor countries the "Lucas Paradox." The theoretical explanations include differences in fundamentals across countries and capital market imperfections. We show that during 1970-2000 low...

Persistent link: https://www.econbiz.de/10012466770

Risk and Exchange Rates

Obstfeld, Maurice - 1998

a sticky-price alternative to Lucas's (1982) exchage rate risk premium model. We show that the level risk premium' in …

Persistent link: https://www.econbiz.de/10012472119

Debt Crises and Risk Sharing : The Role of Markets versus Sovereigns

Kalemli-Ozcan, Sebnem - 2014

transfers, and saving in achieving risk sharing during the recent European crisis. We focus on the sub-periods 1990-2007, 2008 …-2009, and 2010 and consider separately the European countries hit by the sovereign debt crisis in 2010. We decompose risk … important role in hindering risk sharing during the sovereign debt crisis …

Persistent link: https://www.econbiz.de/10012458750

Risk Sharing through Capital Gains

Balli, Faruk - 2011

We estimate channels of international risk sharing between European Monetary Union (EMU), European Union, and other … OECD countries 1992-2007. We focus on risk sharing through savings, factor income flows, and capital gains. Risk sharing … through factor income and capital gains was close to zero before 1999 but has increased since then. Risk sharing from capital …

Persistent link: https://www.econbiz.de/10012461045