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China's march to prosperity : reforms to avoid the middle-income trap
Koen, Vincent; Herd, Richard; Hill, Sam - 2013
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10010231008
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How do policies influence GDP tail risks?
Caldera Sánchez, Aida; Röhn, Oliver - 2016
This paper explores the relationship between policy settings and extreme positive and negative growth events, what we call GDP tail risks, using quantile regression methods. Conditioning on several country characteristics such as the size, stage of development and openness to trade as well as...
Persistent link: https://www.econbiz.de/10011578170
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Non-tariff measures in agriculture
Gourdon, Julien; Stone, Susan F.; Tongeren, Frank W. van - 2020
Sanitary and Phytosanitary (SPS) provisions and Technical Barriers to Trade (TBT) generally raise trade costs, but by providing a positive signal to consumers that enhances confidence in imported products they can also expand trade. This paper seeks to identify which specific elements of SPS and...
Persistent link: https://www.econbiz.de/10012432797
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Price functionals with bid-ask spreads : an axiomatic approach
Jouini, Elyès - 1997
Persistent link: https://www.econbiz.de/10000956287
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Un modèle discret et stochastique d'investissement avec une application aux coûts de transaction
Carassus, Laurence; Jouini, Elyès - 1997
Persistent link: https://www.econbiz.de/10000980468
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Arbitrage and investment opportunities
Jouini, Elyès; Napp, Clotilde - 1998
Persistent link: https://www.econbiz.de/10000993493
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ETF arbitrage under liquidity mismatch
Pan, Kevin; Zeng, Yao - 2017
fragility of these ETFs. We focus on corporate bond ETFs and examine the role of authorized participants (APs) in ETF arbitrage …. In addition to their role as dealers in the underlying bond market, APs also play a unique role in arbitrage between the … conflict is small, liquidity mismatch reduces the arbitrage capacity of ETFs; as the conflict increases, an inventory …
Persistent link: https://www.econbiz.de/10011978386
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Capital market financing, firm growth, and firm size distribution
Didier, Tatiana; Levine, Ross; Schmukler, Sergio L. - 2016
How many and which firms issue equity and bonds in domestic and international markets, how do these firms grow relative to non-issuing firms, and how does firm performance vary along the firm size distribution (FSD)? To evaluate these questions, we construct a new dataset by matching data on...
Persistent link: https://www.econbiz.de/10011974670
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Finance and economic growth : financing structure and non-linear impact
Benczúr, Péter; Karagiannis, Stylianos; Kvedaras, … - 2017
There is growing evidence that the impact of financial development on economic growth might be non-linear and hump-shaped, exhibiting a turning point. However, such findings are typically established using total finances (mostly: credit), and the apparent non-linear impact of totals can stem...
Persistent link: https://www.econbiz.de/10012054612
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How to boost export performance in Greece
De la Maisonneuve, Christine - 2016
This paper analyses the structure of Greek exports and presents policy recommendations to boost export performance. Despite recent improvements, export performance deteriorated in the last decade particularly in the service sector. The decline in unit labour costs since the beginning of the...
Persistent link: https://www.econbiz.de/10011577746