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The costs of favoritism: Is politically-driven aid less effective?

Dreher, Axel; Klasen, Stephan; Vreeland, James Raymond; … - 2010

World Bank projects and generally find that projects that are potentially politically motivated - such as those granted to … governments holding a non-permanent seat on the United Nations Security Council or an Executive Directorship at the World Bank … Council members with higher short-term debt, however, a negative quality rating is more likely. So we find evidence that World …

Persistent link: https://www.econbiz.de/10010332994

Vernetzte Sphären' als Herausforderung für eine moderne Ordnungspolitik

Schick, Gerhard; Renner, Andreas - In: Wirtschaftsdienst 80 (2000) 6, pp. 366-370

Die zunehmende Verflechtung von Staat, Wirtschaft und Zivilgesellschaft stellt die Ordnungspolitik vor ein Dilemma: Die Kluft zwischen dem eigenen Steuerungsanspruch und der faktischen Steuerungsfähigkeit wird immer größer. Wie ist diese Entwicklung zu bewerten? In welchem Rahmen kann der...

Persistent link: https://www.econbiz.de/10010332997

Gebremster Preisanstieg bei Rohstoffen

Matthies, Klaus - In: Wirtschaftsdienst 82 (2002) 11, pp. 689-691

Der HWWA-Rohstoffpreisindex hat sich in diesem Jahr kräftig erhöht. Industrierohstoffe verteuerten sich allerdings hauptsächlich zu Beginn des Jahres, ab dem zweiten Quartal stagnierten sie. Die Preise für Rohöl, die bis Ende September auf den höchsten Stand seit 16 Monaten geklettert...

Persistent link: https://www.econbiz.de/10010333002

Towards a Dynamic Model of the Interplay Between International Institutions

Loewen, Howard - 2006

International institutions increasingly affect each other's development, maintenance and effectiveness. Research so far has merely focused on the issue of effectiveness and broader consequences. The paper argues firstly that theoretical progress could be promoted by integrating variables...

Persistent link: https://www.econbiz.de/10010333020

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