Showing 1 - 10 of 219
This paper examines the growth pattern followed by the Chilean economy with reference to the macroeconomic reforms undertaken during the Pinochet regime, which were largely maintained by successive democratic administrations and partially reproduced by neighbouring countries. The focus is on the...
Persistent link: https://www.econbiz.de/10005126348
In this study, we examine the response of Latin American stock markets to movements in European stock markets using VAR models. Our results vary depending on the openness of the country in terms of international trade. We find evidence that Latin American stock markets are responsive to changes...
Persistent link: https://www.econbiz.de/10005561729
This work is focused on identifying the relationship an economic system and its policies have with the environment. The biosphere is chosen in particular as object of analysis but this can be extended by means of an ecosystem recursive properties. The common factor involved in the relationship...
Persistent link: https://www.econbiz.de/10005062749
Factor-endowment based trade with the leading economy helps to explain the differing development performances of the Americas and East Asia in the past two centuries. Between 1830 and 1945, labor-abundant Britain, the most advanced country, traded heavily with land-abundant countries in the...
Persistent link: https://www.econbiz.de/10005062412
by the state, discharged at first by the state bank issuing rediscounts to private banks. When the state bank became … currency board and the creation of a central bank in 1935, an institution that had no pretense of a nominal-anchor commitment … performance and financial- sector health. As one of its first substantive actions, the central bank engineered a bailout of the …
Persistent link: https://www.econbiz.de/10005561092
The recovery from the 1890s depression in Australia was prolonged, and economic growth 1895-1913 was below that in the comparable settler economies of Argentina and Canada. Why? Australia’s hesitant initial recovery is typically attributed to the imbalances in the economy resulting from the...
Persistent link: https://www.econbiz.de/10005124971
During the last two decades of the twentieth century, Brazil went through a sequence of failed stabilization plans that tried to cope with an enduring hyperinflation. This paper uses a money demand model to evaluate monetary policies during those episodes. The consistency between the money...
Persistent link: https://www.econbiz.de/10005124863
What determines sovereign risk? We study the London bond market from the 1870s to the 1930s. Our findings support conventional wisdom concerning the low credibility of the interwar gold standard. Before 1914 gold standard adherence effectively signalled credibility and shaved up to 30 basis...
Persistent link: https://www.econbiz.de/10005062604
“Financial Liberalization” winds had blown for 1980s’ Turkey, affected from developed nations, resulted from the efforts of keeping in step with world trend, and hence the law that had been put into practice in 1989, “decree no.32”, had not only affected its era, also had left...
Persistent link: https://www.econbiz.de/10005076682
Nous étudions l'impact des regroupements municipaux survenus au Québec entre 1992 et 1999 sur les taux de taxation effectifs et la valeur marchande des propriétés résidentielles. Nous montrons que l'effet d'un regroupement sur ces deux volets de la vie municipale est indéterminé....
Persistent link: https://www.econbiz.de/10005561005