Showing 1 - 10 of 12
equity markets; international imbalances and foreign reserve adequacy; macroeconomic policies; and institutional and …
Persistent link: https://www.econbiz.de/10004969128
Multiple Cause (MIMIC) model. Our analysis is conducted on a cross-section of 85 countries; we focus on international linkages … are both national (such as equity market run-ups that preceded the crisis) and, critically, international financial and … number of possible causes in a flexible statistical framework, we are unable to find strong evidence that international …
Persistent link: https://www.econbiz.de/10008528523
This Paper estimates the effect on international trade of multilateral trade agreements: the World Trade Organization …
Persistent link: https://www.econbiz.de/10005124331
international trade are important in understanding how currency crises spread, above and beyond any macroeconomic phenomena. We … 1997) we show that currency crises affect clusters of countries tied together by international trade. By way of contrast …
Persistent link: https://www.econbiz.de/10005136645
of a country's institutions, heterogeneity, and a number of different international indices and rankings. I have little … success; small countries are more open to international trade than large countries, but are not systematically different …
Persistent link: https://www.econbiz.de/10005498014
Conventional wisdom holds that protectionism is counter-cyclic; tariffs, quotas and the like grow during recessions. While that may have been a valid description of the data before the Second World War, it is no longer accurate. In the post-war era, protectionism has not actually moved...
Persistent link: https://www.econbiz.de/10011083599
This Paper uses 67 measures of trade policy and trade liberalization to ask if membership in the World Trade Organization (WTO) and its predecessor the General Agreement on Tariffs and Trade (GATT) is associated with more liberal trade policy. Almost no measures of trade policy are significantly...
Persistent link: https://www.econbiz.de/10005662054
Does leaving a currency union reduce international trade? We answer this question using a large annual panel data set …
Persistent link: https://www.econbiz.de/10005666714
I examine the hypothesis that membership in the World Trade Organization (WTO) and its predecessor the General Agreement on Tariffs and Trade (GATT) has increased the stability and predictability of trade flows. I use a large dataset covering annual bilateral trade flows between over 175...
Persistent link: https://www.econbiz.de/10005789132
As communication costs fall, foreign embassies and consulates have lost much of their role in decision-making and information-gathering. Accordingly, foreign services are increasingly marketing themselves as agents of export promotion. I investigate whether exports are in fact systematically...
Persistent link: https://www.econbiz.de/10005791718