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role of inequality is accounted for, the impact of globalization on corruption is halved. In line with recent theory, this …This paper presents new empirical evidence on the determinants of corruption, focussing on the role of globalization … natural resource rents increase corruption. ii) Globalization (in terms of both trade and financial openness) has a negative …
Persistent link: https://www.econbiz.de/10010545765
, and the European Monetary Union, globalization, financial crises, the Canadian monetary experience, and historical …
Persistent link: https://www.econbiz.de/10011113404
globalization of services and its implications for economies. The papers in this issue address various dimensions of the … globalization of services, including economic linkages between countries through trade and investment flows, people mobility and … the impact of services globalization on the domestic economy. The evidence on some of these dimensions is highlighted by …
Persistent link: https://www.econbiz.de/10010883251
This note studies exchange rate pass-through to the prices of domestically produced goods, exploring the firm-level pricing survey conducted by the Bank of Korea. The data reveal the imported inputs channel of, as well as nonlinear and asymmetric, exchange rate-pass-through.
Persistent link: https://www.econbiz.de/10010939504
become cheaper in the rest of the world. Real U.S. imports are affected less because U.S. prices are more insulated from …
Persistent link: https://www.econbiz.de/10005248778
This paper provides a minimalist derivation of the gravity equation and uses it to identify three common errors in the literature, what we call the gold, silver and bronze medal errors. The paper provides estimates of the size of the biases taking the currency union trade effect as an example....
Persistent link: https://www.econbiz.de/10005714091
in a world with heterogeneous financial development, the classic conclusion does not hold. In particular, in less …
Persistent link: https://www.econbiz.de/10005828700
in each region and devise counter policy measures against future idiosyncratic shocks. In the last decade, world dynamics …
Persistent link: https://www.econbiz.de/10008533255
In recent years the US current account deficit has grown to the point that most observers consider its level to be already unsustainable. Yet it seems set to continue to increase in the foreseeable future, with net foreign debt likely to surge. This paper describes the present deficit from three...
Persistent link: https://www.econbiz.de/10005045671
In our society today, money's value is measured by what it can buy—its purchasing power—not by its material worth, but it hasn't always been so. · My previous papers Impact of agriculture output on exchange rates and Currency competition-Survival of the fittest dealt with issues surrounding...
Persistent link: https://www.econbiz.de/10005408054