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We reassess the connection between capital account openness and capital flows in an empirical framework that is grounded in theory and makes use of previously unexplored variation in the data. We demonstrate how our theory-consistent regressions may overcome some ubiquitous measurement problems...
Persistent link: https://www.econbiz.de/10012858394
economic development of LAC countries. In particular, trade, financial, macroeconomic, and sectoral shifts, as well as labor …
Persistent link: https://www.econbiz.de/10013021588
The various channels through which a reduction in the cost of offshoring can improve wages in a developed country are by now well understood. But does a similar reduction in the offshoring cost also benefit workers in the world's factories in developing countries? Using a parsimonious...
Persistent link: https://www.econbiz.de/10012988463
The various channels through which a reduction in the cost of offshoring can improve wages in a developed country are by now well understood. But does a similar reduction in the offshoring cost also benefit workers in the world's factories in developing countries? Using a parsimonious...
Persistent link: https://www.econbiz.de/10012989829
Governments across the globe are progressively becoming aware of the increasing significance of international migration and remittances on the international development agenda. Remittances are perceived as one of the key benefits that migration bring to originating countries. Zimbabweans abroad...
Persistent link: https://www.econbiz.de/10013250194
In this paper, I review evidence on changing global specialization in labor-intensive exporting. Production of apparel, footwear, furniture, and related products are how many low-income countries first enter export manufacturing. Just as China’s rise as a powerhouse in these goods supplanted a...
Persistent link: https://www.econbiz.de/10013251025
countries that contain developing country labor content. We demonstrate that this pattern of offshoring can harbor a pro-trade … implications on countries’ (i) incentive to violate trade agreements, and (ii) ability to leverage the dispute settlement … tariffs to punish trade agreement violators …
Persistent link: https://www.econbiz.de/10013211228
. This paper examines whether changes in trade patterns following the North American Free Trade Agreement (NAFTA) have … inequality. Trade explains around 14.5% of the total change in income inequality and forms the largest contribution of any of the …
Persistent link: https://www.econbiz.de/10013212000
We show that macroprudential regulation can considerably dampen the impact of globalfinancial shocks on emerging markets. More specifically, a tighter level of regulation reducesthe sensitivity of GDP growth to VIX movements and capital flow shocks. A broad set ofmacroprudential tools contribute...
Persistent link: https://www.econbiz.de/10012828057
Since the adoption of the inflation targeting framework by Bank Indonesia (BI), monetary policy communication has played an increasingly important role in BI's policy toolkit. This paper assesses BI's monetary policy communication from three perspectives: i) its transparency and clarity, ii) its...
Persistent link: https://www.econbiz.de/10012828234