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Eichengreen, Barry; Rua, Gisela - 2011

This paper considers the general equilibrium relationship between exchange rates and global imbalances. It emphasizes that the exchange rate is not a primitive but an equilibrium price determined by the policy mix. It uses extensions of the two-country Obstfeld-Rogoff model to analyze the...

Persistent link: https://www.econbiz.de/10010286173

Trade in services and human development: A first look at the links

Shepherd, Ben; Pasadilla, Gloria - 2011

Some services directly produce outputs that are important for human development, such as basic human services. Many other services are important inputs into the production and distribution of goods that are necessary for human development purposes. A more efficient services sector should mean...

Persistent link: https://www.econbiz.de/10010286182

Foreign direct investment in cross-border infrastructure projects

Fung, Kwok-Chiu; Garcia-Herrero, Alicia; Ng, Francis - 2011

In this paper we critically review the relevant information and literature that can enhance the feasibility and the successful implementation of cross-border infrastructure projects. We provide detailed information concerning foreign direct investment in the major emerging regions: East Asia and...

Persistent link: https://www.econbiz.de/10010286183

Asia's role in the global economic architecture

Kawai, Masahiro; Petri, Peter A. - 2010

governance will also require changes in key global organizations - such as the International Monetary Fund, World Bank, World … with overlapping ownership structures in various functional areas (as is already the case with the World Bank and regional …

Persistent link: https://www.econbiz.de/10010286186

Financial development: A broader perspective

Reid, Richard - 2010

This paper seeks to add to the current debate about financial development and growth in the emerging world by looking … may be more fruitful for today's emerging world to concentrate more on addressing the needs of savers and borrowers in … each individual system. A major lesson for the emerging world from past financial development is that there are risks …

Persistent link: https://www.econbiz.de/10010286191

Emerging contours of financial regulation: Challenges and dynamics

Mohan, Rakesh - 2011

In 2008 - 09 the world experienced the most severe financial and economic crisis since the Great Depression. The global …

Persistent link: https://www.econbiz.de/10010286192

Deficit hysteria redux? Why we should stop worrying about US government deficits

Nersisyan, Yeva; Wray, L. Randall - 2010

This brief by Yeva Nersisyan and Senior Scholar L. Randall Wray argues that deficits do not burden future generations with debt, nor do they crowd out private spending. The authors base their conclusions on the premise that a sovereign nation with its own currency cannot become insolvent, and...

Persistent link: https://www.econbiz.de/10010286207

The great crisis and the American response

Galbraith, James K. - 2010

Senior Scholar James K. Galbraith argues the fundamental illusion of viewing the US economy through the free-market prism of deregulation, privatization, and a benevolent government operating mainly through monetary stabilization - the prevailing view among economists over the past three...

Persistent link: https://www.econbiz.de/10010286216

No country for old men: Aging dictators and economic growth

Jong-A-Pin, Richard; Mierau, Jochen O. - 2011

This paper develops a model of the relationship between the age of a dictator and economic growth. In the model a dictator must spread the resources of the economy over his reign but faces mortality and political risk. The model shows that if the time horizon of the dictator decreases, either...

Persistent link: https://www.econbiz.de/10010286250

Does export concentration cause volatility?

Busch, Christian J. - 2011

This paper investigates the causal influence of export concentration on measures of aggregate volatility. Geographically disadvantaged countries often have a concentrated export structure which makes them more vulnerable to external shocks. Identifying causal effects of export concentration on...

Persistent link: https://www.econbiz.de/10010286251