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comparing the differing socioeconomic development experienced by Chile and Argentina between 1983 and 2013. Specifically, the … unterschiedlichen sozioökonomischen Entwicklungen in Chile und Argentinien zwischen 1983 und 2013. Im Vordergrund steht die Frage, ob … paper inquires whether the greater socioeconomic development experienced by Chile was actually related to greater legitimacy …
Persistent link: https://www.econbiz.de/10011932116
This paper investigates the consequences of the currency devaluation, both in levels and rates, on the balance of payments in a cash-in-advance economy with finite horizons, endogenous capital accumulation and international capital immobility. In this context, a once and for all currency...
Persistent link: https://www.econbiz.de/10011335687
Workers’ remittances have become the second largest source of net financial flows to developing countries. However, the main motives for sending remittances remain controversial. This paper examines the importance of altruistic versus investment motives using a new panel data set of bilateral...
Persistent link: https://www.econbiz.de/10011604734
This occasional paper describes the monetary presentation of the euro area balance of payments and its use. The monetary presentation is a tool for assessing the impact of balance of payments transactions involving non-bank residents on monetary developments. The paper explains in detail the...
Persistent link: https://www.econbiz.de/10011606248
What explains the US dollar's role in the global economy and the tensions affecting its likely persistence? Most analyses start from Triffin's dilemma, which accurately captured specific but partial tensions of a global monetary system based on essentially fixed exchange rates, gold backing for...
Persistent link: https://www.econbiz.de/10014633245
Persistent link: https://www.econbiz.de/10011695810
This study investigates the effect of trade liberalization on export growth, import growth, the trade balance and the current account of the balance of payments in 17 least developed countries (LDCs) over the period 1970 to 2001. The paper also assesses the marginal relation between capital...
Persistent link: https://www.econbiz.de/10010284646
This paper analyses the impact of the reduction of tariff and non-tariff barriers on the trade balance and the current account of the balance of payments of 22 selected developing countries from Africa, Latin America, East Asia, and South Asia. The study presents estimates of dynamic panel data...
Persistent link: https://www.econbiz.de/10010290656
liberalisation in a full model of trade balance determination, we find that only in Chile and Venezuela has the trade … countries have grown faster post-liberalisation than pre-liberalisation but, except for Chile and Venezuela, at the expense of a …
Persistent link: https://www.econbiz.de/10010290663
This paper examines the process of trade liberalisation in Mexico, particularly since the mid-1980s and the signing of the NAFTA agreement, and its impact on economic performance. The average growth of GDP of the Mexican economy since liberalisation has been only one-half the rate...
Persistent link: https://www.econbiz.de/10010290687