This paper presents some more evidence on the empirical regularity known as `45-degree rule'. We estimate income and price elasticities of trade for 21 countries in a cointegration framework. More specifically, we adopt the autoregressive distributed lag (ARDL) approach and the DOLS procedure to...

This paper estimates ordered logit and probit regression models for bank ratings which also include a country index to capture country-specific variation. The empirical findings provide support to the hypothesis that the individual international bank ratings assigned by Fitch Ratings are...

This paper estimates ordered logit and probit regression models for bank ratings which also include a country index to capture country-specific variation. The empirical findings provide support to the hypothesis that the individual international bank ratings assigned by Fitch Ratings are...