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From the great moderation to the global crisis: Exchange market pressure in the 2000s

Aizenman, Joshua; Lee, Jaewoo; Sushko, Vladyslav - 2010

This paper investigates the factors explaining exchange market pressures (EMP) and the hoarding and use of international reserves (IR) by emerging markets during the 2000s, as the Great Moderation turned to the 2008-9 global crisis and great recession. According to our results, both financial...

Persistent link: https://www.econbiz.de/10010333066

Banking globalization, transmission, and monetary policy autonomy

Goldberg, Linda S. - 2013

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 is there a strong transfer risk from the sovereigns to the corporates?

Bai, Jennie; Wei, Shang-jin - 2012

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

Determinants and Effects of Reserve Prices in Hattrick Auctions

Englmaier, Florian; Schmöller, Arno - 2010

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

Exports Versus FDI Revisited: Does Finance Matter?

Buch, Claudia M.; Kesternich, Iris; Lipponer, Alexander; … - 2010

This paper explores the impact of financial constraints on the internationalization strategies of firms. It contributes to the literature by focusing on three aspects: First, the paper studies the impact of financial constraints on exporting relative to FDI. Consistent with theory, the empirical...

Persistent link: https://www.econbiz.de/10010333826

The use of tax havens in exemption regimes

Gumpert, Anna; Hines Jr., James R.; Schnitzer, Monika - 2012

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

Deutschland: Robuste Binnenkonjunktur - Dämpfer aus dem Ausland

Boss, Alfred; Dovern, Jonas; Meier, Carsten-Patrick; … - In: Weltkonjunktur und deutsche Konjunktur im Frühjahr 2008, (pp. 38-61). 2008

Persistent link: https://www.econbiz.de/10010334192

Internationale Politikkoordination: Leitlinien für den globalen Wirtschaftspolitiker

Klodt, Henning - 1999

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

Macroeconomic effects of the current crises in Japan and MENA countries - A model-based assessment of the medium term

Mönnig, Anke; Wiebe, Kirsten - 2011

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

Medium Term Economic Effects of Peak Oil Today

Lehr, Ulrike; Lutz, Christian; Wiebe, Kirsten - 2011

forecast using econometric methods. GINFORS then endogenously determines world-wide energy demand and energy prices.The results …

Persistent link: https://www.econbiz.de/10010334450