Results 1 to 10 of about 73,172 (40)
Trade Balance and Exchange Rate: The J-Curve
Journal of Applied Finance and Banking, 2022 The objective of this paper is to test empirically the effect of a devaluation of a currency on the trade account of the country, the J-curve effect, by using the trade between the U.S.
Ioannis N. Kallianiotis
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The Hedging Channel of Exchange Rate Determination
International Finance Discussion Paper, 2020 We propose the currency hedging channel that connects countries’ external imbalances to their exchange rate behavior. We present a model in which investors increase their currency hedging during periods of financial distress in proportion to their net ...
Gordon Y. Liao, Tony Zhang
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La dimensión internacional de la financierización subordinada: El caso argentino
Revista de economía política de Buenos Aires, 2021 Al analizar la financierización en países periféricos es necesario tener en cuenta la dimensión internacional del fenómeno, sin embargo esta se encuentra sub analizada en la literatura y ausente en estudios específicos de Argentina.
Ignacio Juncos
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The Global Financial Resource Curse
Social Science Research Network, 2020 We provide a model connecting the global saving glut to productivity growth. The key feature is that the tradable sector is the engine of growth of the economy.
Gianluca Benigno, Luca Fornaro, M. Wolf
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An Equilibrium Model of Global Imbalances and Low Interest Rates
, 2006 The sustained rise in US current account deficits, the stubborn decline in long- run real rates, and the rise in US assets in global portfolios appear as anoma - lies from the perspective of conventional models.
P. Gourinchas +2 more
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The American Economic Review, 2018 This paper describes a paradox of global thrift. Consider a world in which interest rates are low and monetary policy is constrained by the zero lower bound. Now imagine that governments implement prudential financial and fiscal policies to stabilize the
Luca Fornaro, F. Romei
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, 2020 JEL Kodları: F32 F43 Bu çalışma, Türkiye’de enerji tüketimi ve ekonomik büyümenin, cari açık üzerindeki etkilerini analiz etmek amacı ile tasarlanmıştır.
Celal Kızıldere
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What Do We Know About the Global Financial Safety Net? Rationale, Data and Possible Evolution
Social Science Research Network, 2016 This paper critically reviews the theoretical basis for the provision of the global financial safety net (GFSN) and provides a comprehensive database covering four elements of the GFSN (foreign exchange reserves, IMF financing, central bank swap lines ...
Beatrice Scheubel, Livio Stracca
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International Reserves and Rollover Risk
The American Economic Review, 2012 We study the optimal accumulation of international reserves in a quantitative model of sovereign default with long-term debt and a risk-free asset. Keeping higher levels of reserves provides a hedge against rollover risk, but this is costly because using
Javier Bianchi +2 more
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Bad Investments and Missed Opportunities? Postwar Capital Flows to Asia and Latin America
The American Economic Review, 2015 After World War II, international capital flowed into slow-growing Latin America rather than fast-growing Asia. This is surprising as, everything else equal, fast growth should imply high capital returns.
L. Ohanian, Paulina Restrepo-Echavarria
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