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Since the introduction of the news-based policy uncertainty measure, a few studies have looked at its impact on trade flows by using panel models and aggregate trade data. In this paper we consider the short-run and long-run response of 61 2-digit U.S. exporting industries to Korea and 49...
Persistent link: https://www.econbiz.de/10012795034
Nowadays, Sudan suffers severe financial crisis with the demise of 75% of its oil revenues that represented over 90% of its foreign currency after the secession of its Southern part after a constitutional referendum. The compensatory revenues generating economic sectors are not able in the...
Persistent link: https://www.econbiz.de/10014176927
Persistent link: https://www.econbiz.de/10013486646
The policy advice given by economists in international institutions is influenced by their prior academic work. In my case, applied general equilibrium work resulted both in a belief in the necessity of decentralized markets and in a distrust of their ability to be stable. A career in...
Persistent link: https://www.econbiz.de/10011413471
The global financial crisis dominated the international financial landscape during the first 20 years of the 21st century. This paper assesses the contribution of the international coordination of economic policies to contain the crisis. The paper evaluates international efforts to diagnose the...
Persistent link: https://www.econbiz.de/10012866961
The main aim of this paper is to empirically test the endogenous money hypothesis for the Eurozone. Based on data on … structural VAR model. The empirical results confirm our main hypothesis on the endogeneity of money in the Eurozone as they show … in case of Eurozone and that the direction of influence goes from loans to deposits and from real sector of the economy …
Persistent link: https://www.econbiz.de/10012965084
account how the EU operates. The Eurozone still makes sense in order for Europe to compete in an increasingly globalised …). 2) The Eurozone's framework was known to be flawed by the politicians who created it; its inception was a political … compromise (pgs. 3 and 9). 3) The flaws of the Eurozone were compounded by trade policies of emerging market countries, reforms …
Persistent link: https://www.econbiz.de/10014161383
Analysis of the financial crisis in East Asia has focussed on the most-affected East Asian economies, namely: Thailand, South Korea, Indonesia, Malaysia, and to a lesser extent the Philippines. However, these economies account for less than 15 percent of the GDP of East Asia. Japan, which...
Persistent link: https://www.econbiz.de/10013133941
Ukraine's post-conflict economy needs new opportunities to grow because it has not been able to rebuild itself economically. As we live in an era of globalization, it is crucial that national economies - especially Ukraine's - meet the demands of the international community. With its...
Persistent link: https://www.econbiz.de/10014485490