We examine the role of non-economic partnerships in promoting international economic exchange. Since far … tends to encourage international lending. Countries with such non-economic partnerships also find it easier to engage in … economic exchanges since they face the possibility that debt default might also spill over to hinder their non-economic …

., Banerjee, A., 2000. A simple model of monetary policy and currency crises. European Economic Review 44, 728-738. [2] Aguiar, M …. ‘Overreaction’ of asset prices in general equilibrium. Review of Economic Dynamics 2, 3-35. [5] Allen, M., Rosenberg, C.B., Keller … time does the real value of stocks recover. Moreover, while traditional economic theory suggested that depreciations should …

Basin Studies within the Economic Research Department of the Federal Reserve Bank of San Francisco. Cross ….berkeley.edu    E‐mail: mark.spiegel@sf.frb.org  *  Rose is B.T.  Rocca Jr.  Professor of International Trade and Economic Analysis and Policy in the Haas  School of Business … at the University of California, Berkeley, NBER Research Associate and CEPR Research  Fellow.  Spiegel is Vice President, Economic …

Introduction Emerging market currency crises of the late 1990s were generally accompanied by a substantial decline in economic … would lead to a financial accelerator effect (Bernanke and Gertler, 1989) and deepen the economic downturn after a currency … the Czech Republic, Romania, and Slovakia. 10 2.6 Demand and supply controls: Xdit The control variables are indexes that …

Potential Repudiation: Theoretical and Empirical Analysis,” The Review of Economic Studies 48, 289-309. Eaton, J., M …. Gersovitz and J. E. Stiglitz. 1986. “The Pure Theory of Country Risk,” European Economic Review 30, 481-513. Edwards, S. 1983 … Basin Studies within the Economic Research Department of the Federal Reserve Bank of San Francisco. Optimal Reserve …

Basin Studies within the Economic Research Department of the Federal Reserve Bank of San Francisco. Capital Controls: Myth … review more than 30 papers that study capital controls on either in ows or out ows around the world. Some are country case …), the Czech Republic (1), Malaysia (2), and Thailand (1). For CO, we obtained information for Malaysia (5), Spain (3), and …

(2001) “National Money as a Barrier to Trade: The Real Case for Monetary Union” American Economic Review. Thom, Rodney … and Director of the Center for Pacific Basin Studies, Economic Research Department, Federal Reserve Bank of San Francisco …. Rose is B.T. Rocca Jr. Professor of International Trade and Economic Analysis and Policy in the Haas School of Business at …