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Many economic reforms are undertaken at a time of economic crisis. But is this a good time for a country to undertake trade reform? In this paper we investigate whether an economic crisis at the time of trade liberalisation affects a country’s subsequent growth performance. We employ threshold...
Persistent link: https://www.econbiz.de/10009441623
"An increase in the frequency and intensity of environmental crises associated with accelerating human-induced global … increasingly connected world that enables the emergence of crises that are coupled in time and space. We discuss two factors that … can interact to contribute to such an increased concatenation of crises: (1) the increasing strength of global vs. local …
Persistent link: https://www.econbiz.de/10009468432
In this thesis different definitions of financial contagion are explored. These definitions are applied to test for evidence of contagion on a number of stock markets and during several turbulent periods. First, we investigate the question whether emerging stock markets are more or less...
Persistent link: https://www.econbiz.de/10009460744
Este trabajo analiza el comportamiento conjunto de los flujos de capital internacionales, en la frecuencia del ciclo de negocios y durante crisis financieras, por parte de residentes y no residentes. El trabajo muestra que, en relación a los flujos de capital netos, los flujos de capital brutos...
Persistent link: https://www.econbiz.de/10012530324
Terrorism poses both direct and indirect threats to the operations of the firm. It represents a market imperfection … in the presence of unhindered exchange. Terrorism reflects the risk or actual encounter of violent acts, whose goal is to … engender fear, coercion, or intimidation. We investigate terrorism and its association with marketing strategy and operations …
Persistent link: https://www.econbiz.de/10009448167
This dissertation contains three essays on risk aversion. In the first essay, we an-alyze comparative risk aversion in a new way, through a comparative statics problemin which, for a cost, agents can shift from an initial probability distribution towarda preferred distribution. The Ross...
Persistent link: https://www.econbiz.de/10009464852
The threat of terrorism against the United States has been a primary concern of public policy makers, particularly … simulation model that captures the impacts of agricultural terrorism (agroterrorism) on the economic performance of various … financial uncertainty brought forth by terrorism can decrease consumer confidence, increase interest rates, increase credit …
Persistent link: https://www.econbiz.de/10009466288
Protecting against terrorist attacks requires making decisions in a world in which attack probabilities are largely unknown. The potential for very large losses encourages a conservative perspective, in particular toward decisions that are robust. But robustness, in the sense of assurance...
Persistent link: https://www.econbiz.de/10009467775
The economic repercussions of September 11th are unique in that never before have economists needed to forecast and examine the impact of an event of such magnitude. This paper explains many of the economic effects of September l Ith, from the initial aftermath to recent developments. These...
Persistent link: https://www.econbiz.de/10009474982
This dissertation consists of three largely independent essays. The first finds a significant correlation between the price of crude oil and significant terrorist attacks by groups of Middle Eastern origin against Western nations. In particular, such terrorist attacks are considerably more...
Persistent link: https://www.econbiz.de/10009477300