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Aid Volatility and Poverty Traps
Agénor, Pierre-Richard - 2007
This paper studies the impact of aid volatility in a two-period model where production may occur with either a traditional or a modern technology. Public spending is productive and "time to build" requires expenditure in both periods for the modern technology to be used. The possibility of a...
Persistent link: https://www.econbiz.de/10012465250
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The Eurocrisis : Muddling Through, or On the Way to a More Perfect Euro Union?
Aizenman, Joshua - 2014
responsibility for the euro's future. Germany's resilience and dominant size within the EU may explain its "muddling …
Persistent link: https://www.econbiz.de/10012458424
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Credit Ratings and the Pricing of Sovereign Debt during the Euro Crisis
Aizenman, Joshua - 2013
spreads by about 45 basis points, on average, for EU countries. However, the association between credit rating changes and … now highly-sensitive GIIPS group and other European country groupings (EU and Euro Area excluding GIIPS, and the non-EU …
Persistent link: https://www.econbiz.de/10012459536
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Developing countries' financial vulnerability to the euro crisis : An event study of equity and bond markets
Aizenman, Joshua - 2012
the EU to developing countries. More specifically, we estimate the responsiveness of equity and bond markets in developing …
Persistent link: https://www.econbiz.de/10012460631