Showing 1 - 10 of 677
Persistent link: https://www.econbiz.de/10013530407
Recent globalisation has been characterised by a decline in costs of cross-border trade in farm and other products. It has been driven primarily by the information and communication technology revolution and – in the case of farm products – by reductions in governmental distortions to...
Persistent link: https://www.econbiz.de/10008683455
Persistent link: https://www.econbiz.de/10011524483
Persistent link: https://www.econbiz.de/10011555118
It is well-known that the high synchronization of the business cycles among industrial countries cannot easily be replicated in standard open economy macroeconomic models without assuming that the exogenous shocks hitting these countries are highly correlated. We develop a two-country behavioral...
Persistent link: https://www.econbiz.de/10011444133
We test the hypothesis that the government bond markets in the Eurozone are more fragile and more susceptible to self … countries in the Eurozone during 2010-11 was disconnected from underlying increases in the debt to GDP ratios and fiscal space … argue that this can drive member countries of the Eurozone into bad equilibria. We also find evidence that after years of …
Persistent link: https://www.econbiz.de/10010282067
Financial crisis can trigger policy reversals, i.e. they can lead to a process of re- regulation of financial markets. Using a recent comprehensive dataset on financial liberalization across 94 countries for the period between 1973 and 2015, we formally test the validity of this prediction for...
Persistent link: https://www.econbiz.de/10012022690
Persistent link: https://www.econbiz.de/10012205675
Persistent link: https://www.econbiz.de/10012214043
Persistent link: https://www.econbiz.de/10012170906