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Adjustment of State Owned and Foreign-Funded Enterprises in China to Economic Reforms,1980s-2007: a logistic smooth transition regression (LSTR) approach
Aizenman, Joshua; Geng, Nan - National Bureau of Economic Research (NBER) - 2009
This paper applies a logistic smooth transition regression approach to the estimation of a homogenous aggregate value added production function of the State Owned (SOE) and Foreign-Funded Enterprises (FFE) in China, 1980s-2007. The transition associated with the economic reforms in China is...
Persistent link: https://www.econbiz.de/10005034349
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On the paradox of prudential regulations in the globalized economy : international reserves and the crisis ; a reassessment
Aizenman, Joshua - 2009
This paper discusses two pertinent policy issues dealing with the global liquidity crisis - global prudential regulation reform, and reassessment of using international reserves in the crisis. We point out the paradox of prudential regulations while the identity of economic actors that benefited...
Persistent link: https://www.econbiz.de/10003854579
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The internationalization of venture capital and private equity
Aizenman, Joshua; Kendall, Jake - 2008
This paper investigates the internationalization of venture capital (VC) and private equity (PE) investments. We derive flows between countries of VC and PE investments worldwide, relying on comprehensive firm-level data sources, covering three decades and about 100 countries. A gravity analysis...
Persistent link: https://www.econbiz.de/10003854815
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Globalization and the sustainability of large current account imbalances : size matters
Aizenman, Joshua; Sun, Yi - 2007
This paper evaluates the sustainability of large current account imbalances in the era when the Chinese GDP growth rate and current account/GDP exceed 10%. We investigate the size distribution and the durability of current account deficits during 1966-2005, and report the results of a simulation...
Persistent link: https://www.econbiz.de/10003855335
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Globalization and developing countries - a shrinking tax base?
Aizenman, Joshua; Jinjarak, Yothin - 2006
This paper evaluates the impact of globalization on the tax bases of countries at varying stages of development. We see globalization as a process that induces countries to embrace greater trade and financial integration, and macro stabilization. This in turn should shift their tax base from...
Persistent link: https://www.econbiz.de/10003855345
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Surfing the waves of globalization : Asia and financial globalization in the context of the trilemma
Aizenman, Joshua; Chinn, Menzie David; Itō, Hiro - 2011
choices matter for output volatility and the medium-term level of inflation. Greater monetary independence is associated with … associated with a higher level of inflation while greater exchange rate stability and greater financial openness could lower the … inflation rate. We find that trilemma policy configurations affect output volatility through the investment or trade channel …
Persistent link: https://www.econbiz.de/10009158763
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On the paradox of prudential regulations in the globalized economy : international reserves and the crisis ; a reassessment
Aizenman, Joshua - 2009
This paper discusses two pertinent policy issues dealing with the global liquidity crisis - global prudential regulation reform, and reassessment of using international reserves in the crisis. We point out the paradox of prudential regulations – while the identity of economic actors that...
Persistent link: https://www.econbiz.de/10003840201
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Globalization and the Sustainability of Large Current Account Imbalances : Size Matters
Aizenman, Joshua - 2008
This paper evaluates the sustainability of large current account imbalances in the era when the Chinese GDP growth rate and current account/GDP exceed 10%. We investigate the size distribution and the durability of current account deficits during 1966-2005, and report the results of a simulation...
Persistent link: https://www.econbiz.de/10012722939
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Globalization and Developing Countries - A Shrinking Tax Base?
Aizenman, Joshua - 2014
This paper evaluates the impact of globalization on tax bases of countries at varying stages of development. We see globalization as a process that induces countries to embrace greater trade and financial integration. This in turn should shift their tax revenue from quot;easy to collectquot;...
Persistent link: https://www.econbiz.de/10012708684
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Sterilization, Monetary Policy, and Global Financial Integration
Aizenman, Joshua - 2009
This paper investigates the changing pattern and efficacy of sterilization within emerging market countries as they liberalize markets and integrate with the world economy. We estimate the marginal propensity to sterilize foreign asset accumulation associated with net balance of payments...
Persistent link: https://www.econbiz.de/10012718801