Showing 1 - 10 of 16
This paper analyzes the effects of capital controls and crises on international financial integration, using data on stocks from emerging economies that trade in domestic and international markets. The cross-market premium (the ratio between the domestic and international market price of...
Persistent link: https://www.econbiz.de/10012552205
The "conventional wisdom" in academic and policy circles argues that, while large and foreign banks are generally not interested in serving SMEs, small and niche banks have an advantage in doing so because they can overcome SME opaqueness through relationship lending. This paper shows that there...
Persistent link: https://www.econbiz.de/10012552437
equity, and cross-listing in major world stock markets. Using a large sample of 39,517 firms from 111 countries covering the …
Persistent link: https://www.econbiz.de/10012552596
liberalization could move the world some way toward those desirable outcomes, but more so the more developing countries themselves …
Persistent link: https://www.econbiz.de/10012553673
The claim by global trade modelers that the potential contribution to global economic welfare of removing agricultural subsidies is less than one-tenth of that from removing agricultural tariffs puzzles many observers. To help explain that result, the authors first compare the OECD and...
Persistent link: https://www.econbiz.de/10012553725
By documenting the evolution of Tobin's q before, during, and after firms internationalize, the authors provide evidence on the bonding, segmentation, and market timing theories of internationalization. Using new data on 9,096 firms across 74 countries over the period 1989-2000, they find that...
Persistent link: https://www.econbiz.de/10012553757
Most of the world's poorest people depend on farming for their livelihood. Earnings from farming in low …
Persistent link: https://www.econbiz.de/10012553911
Anderson and Martin examine the extent to which various regions, and the world as a whole, could gain from multilateral … trade reform over the next decade. They use the World Bank's linkage model of the global economy to examine the impact first … of current trade barriers and agricultural subsidies, and then of possible outcomes from the World Trade Organization …
Persistent link: https://www.econbiz.de/10012554047
The authors illustrate some of the potential consequences of the World Trade Organization's Doha Round of multilateral …
Persistent link: https://www.econbiz.de/10012554190
Analysis Project (GTAP) database and the World Bank's LINKAGE model of the global economy (projected to 2015), their results …
Persistent link: https://www.econbiz.de/10012554191