Results 1 to 10 of about 73,003 (41)
Drivers of Foreign Direct Investment Inflows to Emerging Asian Economies
Journal of Emerging Market Finance, 2023 This article examines the role of domestic and global factors in driving foreign direct investment (FDI) inflows to Asian emerging economies. Conventional panel estimations do not adequately account for the interdependence among countries caused by ...
Pami Dua, Neha Verma
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What Remains of Cross-Country Convergence?
Journal of Economic Literature, 2018 We examine the record of cross-country growth over the past fifty years and ask if developing countries have made progress on closing the income gap between their per capita incomes and those in the advanced economies.
P. A. Johnson, C. Papageorgiou
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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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'New' Views on the Optimum Currency Area Theory: What is Emu Telling Us?
Social Science Research Network, 2002 This paper surveys the optimum currency area (OCA) literature. It is organised into four phases: the 'pioneering phase' which put forward the OCA theory and its properties, the 'reconciliation phase' when its diverse facets were combined, the ...
F. Mongelli
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A Quantitative Microfounded Model for the Integrated Policy Framework
IMF Working Papers, 2021 We develop a microfounded New Keynesian model to analyze monetary policy and financial stability issues in open economies with financial fragilities and weakly anchored inflation expectations.
C. Erceg +4 more
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When Interest Rates Go Low, Should Public Debt Go High?
Social Science Research Network, 2021 Is deficit finance free when real borrowing rates are routinely lower than growth rates? Specifically, can the government make all generations better off by perpetually taking from the young and giving to the old?
J. Brumm +3 more
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Bond Convenience Yields and Exchange Rate Dynamics
American Economic Journal: Macroeconomics, 2017 This paper proposes a new explanation for the failure of Uncovered Interest Parity (UIP) that rationalizes both the classic UIP puzzle and the evidence that the puzzle reverses direction at longer horizons.
Rosen Valchev
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American Economic Journal: Macroeconomics, 2018 Sovereign debt crises involve debt restructurings characterized by a mix of face value haircuts and maturity extensions. The prevalence of maturity extensions has been hard to reconcile with economic theory.
Maximiliano A. Dvorkin +3 more
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The Missing Food Problem: Trade, Agriculture, and International Productivity Differences
, 2015 Agriculture in poor countries has low productivity, high employment, and negligible trade flows relative to other sectors. These facts motivate a multisector, open-economy view of international productivity differences.
Trevor Tombe
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After the Panic: Are Financial Crises Demand or Supply Shocks? Evidence from International Trade
American Economic Review: Insights, 2019 Are financial crises a negative shock to aggregate demand or supply? This is a fundamental question for research and policy making. Arguments for stimulus usually presume demand-side shortfalls; arguments for tax cuts or structural reform look to the ...
Felipe Benguria, Alan M. Taylor
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