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 …

Economists are skeptical about the economic benefits of hosting "mega-events" such as the Olympic Games or the World … reconcile these positions by examining the economic impact of hosting mega-events like the Olympics; we focus on trade. Using a …. Spiegel † March 27, 2009 Abstract Economists are skeptical about the economic benefits of hosting “mega-events” such as the …

Basin Studies within the Economic Research Department of the Federal Reserve Bank of San Francisco. Working Paper 2008 ….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 …, Economic Research, Federal Reserve Bank of San Francisco. Helpful comments were received from Henning Bohn, Galina Hale …

., 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 …‐mail: arose@haas.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 Research, Federal Reserve Bank of San Francisco.  Rose  thanks …

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 …

paper was produced under the auspices of the Center for Pacific Basin Studies within the Economic Research Department of …-mail: mark.spiegel@sf.frb.org * Rose is B.T. Rocca Jr. Professor of International Trade and Economic Analysis and Policy in …. Spiegel is Vice President, Economic Research, Federal Reserve Bank of San Francisco. We thank Haibin Zhu for sharing his …

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 …

Economic Review 49: 2079-2105. Eichengreen, Barry (1999). “Kicking the Habit: Moving from Pegged Rates to Greater Exchange …). “Government Revenue from Financial Repression,” American Economic Review 83: 953-963. Glick, Reuven and Michael M. Hutchison … Basin Studies within the Economic Research Department of the Federal Reserve Bank of San Francisco. Sterilization …

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 …