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Inflation targeting in emerging countries: the exchange rate issues

Auernheimer, Leonardo (contributor) - 2003

The current discussion of Inflation Targeting (IT) in emerging economies deals with the effects that nominal exchange rate movements have on the overall inflation rate. The literature has focused in the analysis of the advantages and disadvantages that IT has with respect to other monetary...

Persistent link: https://www.econbiz.de/10009465021

Empirical Evaluation of DSGE Models for Emerging Countries

Garcia Cicco, Javier - 2009

This dissertation is the collection of three essays aimed to evaluate the empirical performance of dynamic stochastic general equilibrium (DSGE) models in explaining the behavior of macroeconomic dynamics in emerging countries. Chapter 1, which is joint work with M. Uribe and R. Pancrazzi,...

Persistent link: https://www.econbiz.de/10009475513

The Lending Channel in Emerging Economies: A Look at the International Evidence

Vazquez, Francisco - 2005

This thesis studies the role of banks in the transmission of nominal shocks into credit markets in emerging countries. It builds on the lending channel hypothesis, which states that, due to imperfections in capital markets, banks may not be able to completely offset a negative shock to deposits...

Persistent link: https://www.econbiz.de/10009450789

INSTITUTIONAL CHANGES IN EMERGING EUROPE

AMARANDEI, Oana Georgiana - 2015

The recent global economic crisis has created new conditions and situations for the economic environment and therefore, in this context the rethinking of the institutional system is mandatory. The present paper seeks to propose an empirical model and aims at capturing the interdependencies...

Persistent link: https://www.econbiz.de/10011335871

Emerging Countries and Public Funding

ALHUSSEINAWI, LATFE JABAR; AZEEZ, Hazim Abed; TUAMA, … - 2020

The paper focuses on the elements that have prevented the governments of developing countries to establish a sustainable infrastructure. The focus on investments in the infrastructure of developing countries should be more significant. The analysis of the infrastructure development in developing...

Persistent link: https://www.econbiz.de/10012244690

Sovereign ratings and their asymmetric response to fundamentals

Broto Pelegrín, Carmen; Molina Sánchez, Luis - 2014

La evolución de los ratings soberanos es profundamente asimétrica, ya que las fases de bajadas de la calificación crediticia suelen ser más bruscas y de mayor intensidad que las de subidas. Dicho de otro modo, una vez que un país pierde su calificación inicial, transcurre un período...

Persistent link: https://www.econbiz.de/10012530455

Spatial Patterns of Foreign Direct Investment: Do Agglomeration Effects Explain the Spatial Pattern of FDI in Latin America and Asia: a Spatial Econometric Analysis

Orr, Kaitlyn - 2008

Emerging economic theory attempts to explain multinational enterprises' decisions to locate foreign direct investment in certain countries at the expense of others. Recent literature explores the reasons why FDI into a host country may depend on FDI in neighboring countries. This paper extends...

Persistent link: https://www.econbiz.de/10009429053

Trade liberalisation, economic crises and growth

Falvey, Rodney; Foster, Neil; Greenaway, David - 2010

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

Are We Entering an Era of Concatenated Global Crises?

Biggs, Duan; Biggs, Reinette; Dakos, Vasilis; Scholes, … - 2011

"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

Empirical evidence on financial spillovers and contagion to international stock markets

Serwa, Dobromil - 2005

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