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Democratization and real exchange rates
Furlan, Benjamin; Gächter, Martin; Krebs, Bob; … - 2013
This paper empirically assesses how democratization affects real exchange rates. By doing this, we combine so far … separated strands of the economic literature and argue that democratization reduces currency undervaluation leading to a real … and significant finding: democratization causes real exchange rates to appreciate. Consequently, the ongoing process of …
Persistent link: https://www.econbiz.de/10011374299
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Democratization and real exchange rates
Furlan, Benjamin; Gächter, Martin; Krebs, Bob; … - FIW - 2013
This paper empirically assesses how democratization affects real exchange rates. By doing this, we combine so far … separated strands of the economic literature and argue that democratization reduces currency undervaluation leading to a real … and significant finding: democratization causes real exchange rates to appreciate. Consequently, the ongoing process of …
Persistent link: https://www.econbiz.de/10010856793
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Democratization and real exchange rates
Furlan, Benjamin; Gächter, Martin; Krebs, Bob; … - 2012
This paper empirically assesses how democratization affects real exchange rates. Specifically, in line with the … democratic peace theory we argue that democratization reduces currency undervaluation, and thus, might bring misalignments in … results reveal that democratization causes real exchange rates to appreciate, lending empirical support to the democratic …
Persistent link: https://www.econbiz.de/10010293330
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Democratization and real exchange rates
Gächter, Martin; Oberhofer, Harald; Furlan, Benjamin; … - Fachbereich Sozial- und Wirtschaftswissenschaften, … - 2012
This paper empirically assesses how democratization affects real exchange rates. Specifically, in line with the … democratic peace theory we argue that democratization reduces currency undervaluation, and thus, might bring misalignments in … results reveal that democratization causes real exchange rates to appreciate, lending empirical support to the democratic …
Persistent link: https://www.econbiz.de/10010991790
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Democratization and real exchange rates
Furlan, Benjamin; Gächter, Martin; Krebs, Bob; … - 2012
This paper empirically assesses how democratization affects real exchange rates. Specifically, in line with the … democratic peace theory we argue that democratization reduces currency undervaluation, and thus, might bring misalignments in … results reveal that democratization causes real exchange rates to appreciate, lending empirical support to the democratic …
Persistent link: https://www.econbiz.de/10009730203
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Democratization and Real Exchange Rates
Furlan, Benjamin - 2013
This paper empirically assesses how democratization affects real exchange rates. By doing this, we combine so far … separated strands of the economic literature and argue that democratization reduces currency undervaluation leading to a real … and significant finding: democratization causes real exchange rates to appreciate. Consequently, the ongoing process of …
Persistent link: https://www.econbiz.de/10013090658
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Democratization and real exchange rates
Furlan, Benjamin; Gächter, Martin; Krebs, Bob; … - 2013
Persistent link: https://www.econbiz.de/10009785508
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Do Fixed Exchange Rates Cause Greater Integration?
Hosny, Amr Sadek - In: Journal of Economic Integration 28 (2013), pp. 533-550
A classic argument in favor of a fixed exchange rate regime (ERR) has been the promotion of international trade between the pegging country and its base country. Results from previous literature point to a significant and highly positive effect of adopting a fixed ERR on bilateral trade between...
Persistent link: https://www.econbiz.de/10010840810
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Chapter 7. Endogeneity in Empirical Corporate Finance 1
Roberts, Michael R.; Whited, Toni M. - 2013
This chapter discusses how applied researchers in corporate finance can address endogeneity concerns. We begin by reviewing the sources of endogeneity—omitted variables, simultaneity, and measurement error—and their implications for inference. We then discuss in detail a number of...
Persistent link: https://www.econbiz.de/10014025557
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Arab countries between winter and spring : where democracy shock goes next!
Abdel-Latif, Hany; Mishra, Tapas; Staneva, Anita - In: Economies : open access journal 7 (2019) 1/20, pp. 1-19
We examine the role of democracy shocks in the cross-country economic growth processes over a period of five decades since 1960. The recent uprisings that arose independently and spread across the Arab world form the main context of our investigation. We study if (i) a shock to democracy in one...
Persistent link: https://www.econbiz.de/10012020510