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International institutions increasingly affect each other's development, maintenance and effectiveness. Research so far has merely focused on the issue of effectiveness and broader consequences. The paper argues firstly that theoretical progress could be promoted by integrating variables...
Persistent link: https://www.econbiz.de/10010333020
financial ties to the U.S., while the trade shock was more severe in EMs with a larger commodity export share. …
Persistent link: https://www.econbiz.de/10010333066
International financial linkages, particularly through global bank flows, generate important questions about the consequences for economic and financial stability, including the ability of countries to conduct autonomous monetary policy. I address the monetary autonomy issue in the context of...
Persistent link: https://www.econbiz.de/10010333575
When a sovereign faces the risk of debt default, it may be tempted to expropriate the private sector. This may be one reason why international investment in private companies has to take into account the sovereign risk. But the likelihood of sovereign risk transferring to corporates and...
Persistent link: https://www.econbiz.de/10010333592
We use a unique hand collected data set of 6,258 auctions from the online football manager game Hattrick to study determinants and effects of reserve prices. We find that chosen reserve prices exhibit both very sophisticated and suboptimal behavior by the sellers. On the one hand, reserve prices...
Persistent link: https://www.econbiz.de/10010333824
This paper analyzes the tax haven investment behavior of multinational firms from a country that exempts foreign income from taxation. High foreign tax rates generally encourage firms to invest in tax havens, though significant costs of reallocating taxable income dampen these incentives. The...
Persistent link: https://www.econbiz.de/10010334139
Persistent link: https://www.econbiz.de/10010334192
Mit der weltwirtschaftlichen Integration verstärken sich die Interdependenzen zwischen den institutionellen Regelwerken einzelner Länder. Der nationale Wirtschaftspolitiker wird zunehmend zum globalen Wirtschaftspolitiker. Um Freihandel zu sichern, muß der globale Wirtschaftspolitiker...
Persistent link: https://www.econbiz.de/10010334200
only affect economic developments within these countries but also across the world. In the current paper, the macroeconomic … effects on the world economy in general and its major trading partners in particular. Moreover, the long-run effects function … world economy heavily reacts on sudden world oil price changes but is less vulnerable to ad-hoc production shortages of …
Persistent link: https://www.econbiz.de/10010334404
forecast using econometric methods. GINFORS then endogenously determines world-wide energy demand and energy prices.The results …
Persistent link: https://www.econbiz.de/10010334450