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Environment and labour on the trade agenda: Lessons for India from the TPP Agreement

Hoda, Anwarul; Rai, Durgesh K. - 2017

This paper undertakes an evaluation of the Labour and Environment chapters of the TPP Agreement, with a view to … there would be only a small area of vulnerability to countermeasures arising from our labour laws and none due to the laws … on the environment. The paper does not recommend a change in our stance on keeping environment and labour out of …

Persistent link: https://www.econbiz.de/10011807879

Financial and real integration

Baier, Scott L.; Dwyer, Gerald P. - 2008

We examine the relationship between real and financial integration. Real integration is measured by productivities of capital and labor from trade data for 1982 to 1997. Financial integration is measured by the black market exchange rate. We find more evidence of convergence to equality for...

Persistent link: https://www.econbiz.de/10010292302

Die Deutsche Wiedervereinigung und die europäische Schuldenkrise im Lichte der Theorie optimaler Währungsräume

Schnabl, Gunther; Zemanek, Holger - 2011

Der Beitrag analysiert die inner-europäischen Leistungsbilanzungleichgewichte auf der Grundlage der Theorie der optimalen Währungsräume. Wir zeigen, dass die deutsche Wiedervereinigung nicht nur zur EWS-Krise 1992/93 führte, sondern auch der Ursprung der derzeitigen europäischen...

Persistent link: https://www.econbiz.de/10010305581

Real exchange rate and international reserves in the era of growing financial and trade integration

Aizenman, Joshua; Riera-Crichton, Daniel - 2006

This paper evaluates the impact of international reserves, terms of trade shocks and capital flows on the real exchange rate (REER). We observe that international reserves cushions the impact of TOT shocks on the REER, and that this effect is important for developing but not for industrial...

Persistent link: https://www.econbiz.de/10010322720

Surfing the waves of globalization: Asia and financial globalization in the context of the trilemma

Aizenman, Joshua; Chinn, Menzie D.; Ito, Hiro - 2011

Using the trilemma indexes developed by Aizenman et al. (2010) that measure the extent of achievement in each of the three policy goals in the trilemma - monetary independence, exchange rate stability, and financial openness - we examine how policy configurations affect macroeconomic...

Persistent link: https://www.econbiz.de/10010331079

The impact of international swap lines on stock returns of banks in emerging markets

Andrieș, Alin Marius; Fischer, Andreas M.; Yeșin, Pınar - 2015

This paper investigates the impact of international swap lines on stock returns using data from banks in emerging markets. The analysis shows that swap lines by the Swiss National Bank (SNB) had a positive impact on bank stocks in Central and Eastern Europe. It then highlights the importance of...

Persistent link: https://www.econbiz.de/10011629985

Financial regulation, integration and synchronization of economic activity

Kalemli-Özcan, Sebnem; Papaioannou, Elias; Peydró, … - 2010

We investigate the effect of financial integration on the degree of international business cycle synchronization. For identfication, we use a confidential database on banks' bilateral exposure over the past three decades and employ a novel bilateral country-pair panel instrumental vari- ables...

Persistent link: https://www.econbiz.de/10010273687

Deep financial integration and volatility

Kalemli-Özcan, Sebnem; Sørensen, Bent E.; Volosovych, … - 2010

We investigate the relationship between financial integration and output volatility at micro and macro levels. Using a very large firm-level dataset (AMADEUS) from 16 European countries, we construct a measure of deep financial integration at the regional level based on observations of foreign...

Persistent link: https://www.econbiz.de/10010274425

Sovereign risk and bank lending: Theory and evidence from a natural disaster

Başkaya, Yusuf Soner; Hardy, Bryan; Kalemli-Ozcan, Şebnem - 2023

We quantify the sovereign-bank doom loop by using the 1999 Marmara earthquake as an exogenous shock leading to an increase in Turkey's default risk. Our theoretical model illustrates that for banks with higher exposure to government securities, a higher sovereign default risk implies lower net...

Persistent link: https://www.econbiz.de/10014388415

South Asian Integration Prospects and Lessons from East Asia

Chandra, Ramesh; Kumar, Rajiv - 2008

In the context of the low levels of regional cooperation among South Asian countries when compared with the successful results from cooperation in East Asia (consisting of South East and East Asian countries), the objective of this paper is first to assess the prospects of cooperation among...

Persistent link: https://www.econbiz.de/10011807608

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