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Financial crisis and the paradox of under- and over-regulation
Aizenman, Joshua - 2009
Persistent link: https://www.econbiz.de/10003850280
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Financial crisis and the paradox of underregulation and overregulation
Aizenman, Joshua - In: Lessons from East Asia and the global financial crisis …, (pp. 213-234). 2011
Persistent link: https://www.econbiz.de/10009503459
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Financial Crisis and the Paradox of Under- and Over-Regulation
Aizenman, Joshua - 2009
This paper illustrates the paradox of prudential under-regulation in an economy that adopts financial reform, a reform … probability of the crisis is updated sequentially applying Bayesian inference. Costly regulation can mitigate the probability of … the crisis. We identify conditions where the regulation level supported by the majority is positive after the reform, but …
Persistent link: https://www.econbiz.de/10012463631
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Financial Crisis and the Paradox of Under- and Over-Regulation
Aizenman, Joshua - 2010
This paper illustrates the paradox of prudential under-regulation in an economy that adopts financial reform, a reform … probability of the crisis is updated sequentially applying Bayesian inference. Costly regulation can mitigate the probability of … the crisis. We identify conditions where the regulation level supported by the majority is positive after the reform, but …
Persistent link: https://www.econbiz.de/10013152612
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Preventing Currency Crises in Emerging Markets
Aizenman, Joshua (contributor);  … - 2009
Economists and policymakers are still trying to understand the lessons recent financial crises in Asia and other emerging market countries hold for the future of the global financial system. In this timely and important volume, distinguished academics, officials in multilateral organizations,...
Persistent link: https://www.econbiz.de/10014487958
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Economic growth with constraints on tax revenues and public debt : implications for fiscal policy and cross-country differences
Aizenman, Joshua; Kletzer, Kenneth; Pinto, Brian - 2007
This paper evaluates optimal public investment and fiscal policy for countries characterized by limited tax and debt capacities. We study a non stochastic CRS endogenous growth model where public expenditure is an input in the production process, in countries where distortions and limited...
Persistent link: https://www.econbiz.de/10003854944
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Real exchange rate, mercantilism and the learning by doing externality
Aizenman, Joshua; Yi, Chae-u - In: Pacific economic review 15 (2010) 3, pp. 324-335
Persistent link: https://www.econbiz.de/10008701710
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Economic growth with constraints on tax revenues and public debt : implications for fiscal policy and cross-country differences
Aizenman, Joshua; Kletzer, Kenneth; Pinto, Brian - 2007
Persistent link: https://www.econbiz.de/10003408551
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Economic growth with constraints on tax revenues and public debt : implications for fiscal policy and cross-country differences
Aizenman, Joshua (contributor); Kletzer, Kenneth (contributor) - 2007
Persistent link: https://www.econbiz.de/10003411821
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The real exchange rate, mercantilism and the learning by doing externality
Aizenman, Joshua; Yi, Chae-u - 2008
"This paper examines the degree to which the learning by doing externality [LBD] calls for an undervalued exchange rate, a policy suggested by recent empirical studies which concluded that mildly undervalued real exchange rate may enhance growth. We obtain mixed results. For an economy where LBD...
Persistent link: https://www.econbiz.de/10003681919