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Did Globalization Influence Credit Market Deregulation?

Eppinger, Peter S. - 2015

We investigate whether globalization influenced credit market deregulation over the period 1970-2010. Globalization is … measured by the KOF indices of globalization. Credit market deregulation is measured by the credit market freedom indicators of … positive correlation between globalization and credit market deregulation. We account for reverse causality by using predicted …

Persistent link: https://www.econbiz.de/10013021420

Competing Liberalizations : Tariffs and Trade in the 21st Century

Bureau, Jean-Christophe - 2016

This paper proposes a unique overview of trade policies trends since the launch of the Doha Round, based on detailed data on tariffs and trade covering 130 countries. We show that regionalism has delivered limited effective liberalization so far, leading to only a 0.3 percentage point (p.p.) cut...

Persistent link: https://www.econbiz.de/10012986236

Preferences, Rent Destruction and Multilateral Liberalisation : The Building Block Effect of CUSFTA

Ketterer, Tobias - 2012

If a free trade agreement (FTA) is characterized by the exchange of market access with a large and competitive trading partner, the agreement can cause a leakage of protectionist benefits to domestic industry from lobbying against external tariff cuts. This rent destruction effect of an FTA can...

Persistent link: https://www.econbiz.de/10013098332

Firm Dynamics and Residual Inequality in Open Economies

Felbermayr, Gabriel - 2016

Increasing wage inequality between similar workers plays an important role for overall inequality trends in industrialized societies. To analyze this pattern, we incorporate directed labor market search into a dynamic model of international trade with heterogeneous firms and homogeneous workers....

Persistent link: https://www.econbiz.de/10013006606

International Trade in General Oligopolistic Equilibrium

Neary, J. Peter - 2016

between wages and profits, and for production and trade patterns in a two-country world …

Persistent link: https://www.econbiz.de/10013000218

Policy and Politics : Trade Adjustment Assistance in the Crossfire

Laincz, Christopher A. - 2016

The United States introduced Federal Trade Adjustment Assistance (TAA) as part of the 1962 Trade Expansion Act to dampen the adverse impact of increased trade on workers. Applications to receive TAA require approval from the Department of Labor. Guided by the technical criteria used by the U.S....

Persistent link: https://www.econbiz.de/10012998814

The Impact of Trade Preferences on Multilateral Tariff Cuts : Evidence for Japan

Ketterer, Tobias - 2014

Opposing theoretical predictions on the effects of trade preferences on multilateral tariff cuts point to the need for empirical analysis to determine whether preferential trade agreements promote or hinder multilateral trade liberalization. This paper examines the impact of Japan's trade...

Persistent link: https://www.econbiz.de/10013053452

Financial Reform and Banking Crises

Shehzad, Choudhry Tanveer - 2013

We examine the impact of various dimensions of financial reform on the likelihood of systemic and non-systemic banking crises. Using new financial reform measures for a large sample of developing and developed countries for the period 1973 to 2002, our multivariate probit modeling results...

Persistent link: https://www.econbiz.de/10013095277

The Impact of Financial (De-)Regulation on Current Account Balances

Moral-Benito, Enrique - 2014

Both global imbalances and financial market (de-)regulation feature prominently among the potential causes of the … current account balance. In contrast, bank privatization and securities market deregulation tend to raise current account …

Persistent link: https://www.econbiz.de/10013043215

Do Natural Resources Depress Income Per Capita?

Arezki, Rabah - 2010

Most evidence for the resource curse comes from cross-country growth regressions suffers from a bias originating from the high and ever-evolving volatility in commodity prices. This paper addresses these issues by providing new cross-country empirical evidence for the effect of resources in...

Persistent link: https://www.econbiz.de/10013143232