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A Contagious Malady? Open Economy Dimensions of Secular Stagnation

Eggertsson, Gauti B. - 2016

examine the effect of capital flows on the transmission of stagnation. In a world with a low natural rate of interest, greater …

Persistent link: https://www.econbiz.de/10012456376

A Model of Secular Stagnation

Eggertsson, Gauti B. - 2014

We propose an overlapping generations New Keynesian model in which a permanent (or very persistent) slump is possible without any self-correcting force to full employment. The trigger for the slump is a deleveraging shock, which creates an oversupply of savings. Other forces that work in the...

Persistent link: https://www.econbiz.de/10012458091

Are Commodity Futures Prices Barometers of the Global Economy?

Hu, Conghui - 2013

prices of East Asian economies including China, Japan, Hong Kong, South Korea, and Taiwan. We find significant and positive …

Persistent link: https://www.econbiz.de/10012458956

Cross Country Fairness Considerations and Country Implications of Alternative Approaches to a Global Emission Reduction Regime

Tian, Huifang - 2012

The UNFCCC process of negotiating multilateral carbon emissions reductions thus far has focused on approximately equiproportional cuts in annual carbon emissions by country along the lines of the Kyoto Protocol agreement. But now, with the objective of involving large developing countries such...

Persistent link: https://www.econbiz.de/10012460218

Impacts of the Basle Capital Standard on Japanese Banks' Behavior

Ito, Takatoshi - 1998

This paper examines how the risk based capital standards, the so-called Basle Accord between 1990 and 1993. As the Japanese stock prices fell, banks' latent capital gains, which are part of tier II capital, became smaller. Empirical findings are consistent with a view that banks with lower...

Persistent link: https://www.econbiz.de/10012472084

Internationalized Production in World Output

Lipsey, Robert E. - 1995

over the last two decades, but it was still, in 1990, only about 7 percent of world output. The share was higher, at 15 …,' which are about 60 percent of world output. Given all the attention that 'globalization' has received from scholars …

Persistent link: https://www.econbiz.de/10012473482

Short-run and Long-run Expectations of the Yen/Dollar Exchange Rate

Ito, Takatoshi - 1993

The survey data on the yen/dollar exchange rate, collected twice a month for eight years from 1985 to 1993, shows the following features. First, the expected exchange rate changes in the short horizon (one month) are of the band-wagon type while the expected changes in the long horizon (three to...

Persistent link: https://www.econbiz.de/10012474397

Do Bulls and Bears Move Across Borders? International Transmission of Stock Returns and Volatility as the World Turns

Lin, Wen-Ling - 1991

This paper investigates empirically how returns and volatilities of stock indices are correlated between Tokyo and New York. Intradaily data are used, so that daytime and overnight returns are defined for both markets. Tokyo daytime hours overlap with New York overnight hours, while New York...

Persistent link: https://www.econbiz.de/10012475066

News and the Dollar/Yen Exchange Rate, 1931-1933 : The End of the Gold Standard, Imperialism, and the Great Depression

Ito, Takatoshi - 1988

$/yen exchange rate from December 1931 to November 1933 is analyzed. Japan's decision to go off gold in December 1931 … depreciated yen by 30% in a month, mostly in the Tokyo market. During 1932, the yen depreciated another 30%, mainly due to Japan … exchange rate for the period considered. There were no policy decisions by Japan to cause yen depreciation to promote export …

Persistent link: https://www.econbiz.de/10012476381

Cross Country Effects of Sterilization, Reserve Currencies and Foreign Exchange Information

Marston, Richard C. - 1979

This study examines the international repercussions of national sterilization policies under fixed exchange rates and managed flexibility. The effects of sterilization on the country pursuing the policy are well-known, but the adverse effects on other countries have not been adequately explored....

Persistent link: https://www.econbiz.de/10012478757

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