Showing 1 - 10 of 460
the macro impacts of changes in the value of the debt on both the borrowing and the lending regions . The results are … illustrated by simulations with data for the U .S .A . and Mexico . …
Persistent link: https://www.econbiz.de/10005621716
Many of the present difficulties of the world economy have been blamed on the two oil-price explosions of the 1970s. Professor Chichilnisky shows that, at least in the case of the oil-importing developing countries, the negative effects have been overestimated. In fact, in some respects the oil...
Persistent link: https://www.econbiz.de/10005836490
equilibrium tools. These tools explain trade and the determination of prices across different markets. In a general equilibrium …. Trade in resources takes place largely across different regions, so one is dealing with international trade. A system of …
Persistent link: https://www.econbiz.de/10005617074
This work is a PhD dissertation, written at the Department of Economics, McGill University. The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of...
Persistent link: https://www.econbiz.de/10005789620
developing economy, improvements in productivity generally lead to higher agricultural prices, i.e. to better terms of trade … explain the effects of trade and investment policies on domestic output and welfare. Simulations of the model are reported …
Persistent link: https://www.econbiz.de/10005836911
Comments on: Barry Eichengreen, Kenneth Kletzer, and Ashoka Mody who describe the debate over collective action clauses, which have been considered by the G-7,G-10, G-20, G-22, G-30, Institute of International Finance (IIF),International Monetary Fund, International Monetary and Financial...
Persistent link: https://www.econbiz.de/10005835825
shocks and inappropriate policies. Exogenous shock (terms-of-trade shocks, natural disasters and capital flow reversals) can …
Persistent link: https://www.econbiz.de/10005836865
Nothing new here---just a concise yet detailed presentation of the simple but inexorable algebra of sustainability.
Persistent link: https://www.econbiz.de/10005837230
Implemented widely in the area of corporate finance, Hamada’s Equation enables one to separate the financial risk of a levered firm from its business risk. The relationship, which results from combining the Modigliani-Miller capital structuring theorems with the Capital Asset Pricing Model, is...
Persistent link: https://www.econbiz.de/10005837485
This research addresses main question of the conditions of debt-constraint expropriation and debt … predicts that debt is bonding and monitoring mechanism for managers’ perquisites action. Expropriation of minority shareholders … research argues that the use of debt will minimize the expropriation level and maintain certain control to managers and …
Persistent link: https://www.econbiz.de/10011257694