We empirically characterize the mechanics of trade adjustment during the Argentine crisis. Though imports collapsed by 70 percent from 2000-2002, the entry and exit of firms or products at the country level played a small role. The within-firm churning of imported inputs, however, played a...

Large exporters are simultaneously large importers. We show that this pattern is key to understanding low aggregate exchange rate pass-through as well as the variation in pass-through across exporters. We develop a theoretical framework with variable markups and imported inputs, which predicts...

L’évolution des productions des industries de haute technologie montre un écart croissant, à partir de la seconde moitié des années 1990, entre la zone euro et les États-Unis, en faveur de ces derniers. En revanche, le niveau des exportations est quasiment identique actuellement. Le...

L’évolution des productions des industries de haute technologie montre un écart croissant, à partir de la seconde moitié des années 1990, entre la zone euro et les États-Unis, en faveur de ces derniers. En revanche, le niveau des exportations est quasiment identique actuellement. Le...

Türkiye ekonomisinin son onaltı yılda karşılaştığı para ve bankacılık krizleri, sermaye hesabını serbestleştirmiş bazı gelişmekte olan ülkeler (GOÜ)’deki finansal ve fiskal kırılganlığa atfedilen krizler bağlamında mütalaa edilmektedir. Spekülatif sermaye...

Reel kur cok sayida makroekonomik degiskeni etkileyen onemli bir gostergedir. Bu calismada Turk Lirasi reel kurunun uzun dönemli denge degeri ve bu denge degerinden ne kadar uzakta oldugu ekonometrik olarak incelenmistir. Tamamen Degistirilmis En Kucuk Kareler Yontemi (FMOLS) kullanilarak...

The long history of sovereign debt and the associated enforcement problem have attracted researchers in many fields. In this paper, we survey empirical work by economists, historians, and political scientists. As we review the empirical literature, we emphasize parallel developments in the...

The most important economic measures are monetary. They have many different names, are derived in different theories and employ different formulas; yet, they all attempt to do basically the same thing : to separate a change in nominal value into a ?real part? due to the changes in quantities and...

The most important economic measures are monetary. They have many different names, are derived in different theories and employ different formulas; yet, they all attempt to do the same thing: to separate a change in nominal value into a 'real part' due to the changes in quantities and an...

This study discusses the concept of sustainability, in particular with respect to the CDM. In addition, based on cross-section interviews, the sustainability criteria for CDM projects in energy sectors in the studied countries are determined. These criteria could serve as a starting point for...