Similar Search Results

The Emergence of the Euro as an International Currency

Alogoskoufis, George; Portes, Richard; Rey, Hélène - C.E.P.R. Discussion Papers - 1997

*The European Union will enter Stage Three of Economic and Monetary Union (EMU) in 1999. The development of euro … financial markets and thickness externalities in the use of the euro as means of payment will be the major factors determining … the importance of the euro as an international currency. As euro securities markets become deeper and more liquid and …

Persistent link: https://www.econbiz.de/10005662175

When is U.S. Bank Lending to Emerging Markets Volatile?

Goldberg, Linda S. - 2006

Using bank-specific data on U.S. bank claims on individual foreign countries since the mid-1980s, this paper 1) characterizes the size and portfolio diversification patterns of the U.S. banks engaging in foreign lending, and 2) econometrically explores the determinants of fluctuations in U.S....

Persistent link: https://www.econbiz.de/10012733089

Financial-Sector Foreign Direct Investment and Host Countries : New and Old Lessons

Goldberg, Linda S. - 2004

Many of the lessons from foreign direct investment (FDI) research on manufacturing and extractive resource industries are applicable to FDI research on the financial sector. This paper summarizes the main findings and policy themes of FDI research, with a primary focus on the implications of FDI...

Persistent link: https://www.econbiz.de/10012737910

Financial Sector FDI and Host Countries : New and Old Lessons

Goldberg, Linda S. - 2007

Foreign direct investment (FDI) into the financial sectors of emerging economies soared during the 1990s, leaving many countries with banking sectors owned primarily by foreign institutions. While the implications of FDI into emerging markets are well documented, less clearly understood is how...

Persistent link: https://www.econbiz.de/10012777365

Exchange-Rate Unification with Black Market Leakages : Russia 1992

Goldberg, Linda S. - 2006

In 1992 Russia unified the multiple exchange rates that had applied to international transactions. This paper describes the multiple exchange rate system that existed in Russia prior to mid-1992 and undertakes a theoretical exploration of the effects of the exchange rate unification that took...

Persistent link: https://www.econbiz.de/10012781781

Does Foreign Ownership Contribute to Sounder Banks in Emerging Markets? The Latin American Experience

Crystal, Jennifer - 2014

Foreign bank entrants into emerging markets are usually thought to improve the condition and performance of acquired institutions, and more generally to enhance local financial stability. We use bank-specific data for a range of Latin American countries since the mid-1990s to address elements of...

Persistent link: https://www.econbiz.de/10012709682

The International Role of the Dollar and Trade Balance Adjustment

Goldberg, Linda S.; Tille, Cédric - National Bureau of Economic Research (NBER) - 2006

The pattern of international trade adjustment is affected by the continuing international role of the dollar and related evidence on exchange rate pass-through into prices. This paper argues that a depreciation of the dollar would have asymmetric effects on flows between the United States and...

Persistent link: https://www.econbiz.de/10005248778

Trade Invoicing in the Accession Countries: Are They Suited to the Euro?

Goldberg, Linda S. - National Bureau of Economic Research (NBER) - 2005

The accession countries to the euro area are increasingly binding their economic activity, external and internal, to … the euro area countries. One aspect of this phenomenon concerns the currency invoicing of international trade transactions … within exporter profitability. These considerations yield country-specific estimates about the degree of euro …

Persistent link: https://www.econbiz.de/10005084593

Financial-Sector FDI and Host Countries: New and Old Lessons

Goldberg, Linda S. - National Bureau of Economic Research (NBER) - 2004

Many of the lessons from foreign direct investment (FDI) research on manufacturing and extractive resource industries are applicable to financial-sector FDI. This paper reviews the main findings and policy themes of FDI research, with a primary focus on the host country implications of FDI for...

Persistent link: https://www.econbiz.de/10005084611

Micro, Macro, and Strategic Forces in International Trade Invoicing

Goldberg, Linda S.; Tille, Cédric - National Bureau of Economic Research (NBER) - 2009

The use of different currencies in the invoicing of international trade transactions plays a major role in the international transmission of economic fluctuations. Existing studies argue that an exporter's invoicing choice reflects structural aspects of her industry, such as market share and the...

Persistent link: https://www.econbiz.de/10008634643