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We model imperfect contract enforcement when the victims of default resort to spot trading because the act of repudiation reveals a favorable outside option. We show that enforcement imperfection is essentially distinct from the contract incompleteness analyzed in the previous literature....
Persistent link: https://www.econbiz.de/10005751095
In this survey, we discuss how intellectual property rights (IPR) protection in the South affects trade flows, foreign …
Persistent link: https://www.econbiz.de/10011099841
These three invited papers examine the role that exchange rates may have in influencingcommodity prices, input prices and farm income. The papers arguably represent one of themost important recent attempts to quantify and explain these new linkages. As U.S. and worldagriculture moves from a...
Persistent link: https://www.econbiz.de/10009446402
specifying price transmission equations in international trade models Protective policies, such as tariffs and quotas, reduce the …
Persistent link: https://www.econbiz.de/10010881988
These three invited papers examine the role that exchange rates may have in influencing commodity prices, input prices and farm income. The papers arguably represent one of the most important recent attempts to quantify and explain these new linkages. As U.S. and world agriculture moves from a...
Persistent link: https://www.econbiz.de/10005103135
Latin AmericaÂ’s trade relationships have been severely strained by the series of uncoordinated currency depreciations … depreciations, whether forced by capital markets or unilaterally effected for competitive trade reasons, are equivalent to steep … increases in tariffs facing trading partners; they damage trade relationships and distort trade-oriented economic growth. The …
Persistent link: https://www.econbiz.de/10005041619
Persistent link: https://www.econbiz.de/10009018982
Cuadernos de Economía has been published since 1963. During these 35 years a large part of the articles have dealt with the Chilean economy. The purpose of this paper is to analyze some important aspects of the Chilean economy, as they have been viewed th
Persistent link: https://www.econbiz.de/10005510015
Persistent link: https://www.econbiz.de/10012624876
The central bank is one of the main pillars of a country's government and one of the institutions most required to respond to crisis situations in the economy. In this respect, the National Bank of Romania, as the monetary authority of the Romanian state, is constantly subject to such pressure....
Persistent link: https://www.econbiz.de/10012421611