Showing 1 - 10 of 1,164
gravity model to analyze remittance flows in Russia and Caucasus and Central Asia (CCA) countries. Standard gravity …
Persistent link: https://www.econbiz.de/10012299334
The financial crisis, originated from the collapse of US housing markets in 2008, reverberates around the world. Its destructive force was felt nowhere more keenly than Western Europe. Indeed, it continues to mire in financial volatility as the debt problem contagiously spreads around the...
Persistent link: https://www.econbiz.de/10014398383
Persistent link: https://www.econbiz.de/10009422418
This paper assesses the effect of constrained trade finance on trade flows in countries undergoing financial and balance of payments crises. Most of the countries that had a major crisis had a significant trade contraction, while trade-related finance declined sharply. However, trade may also be...
Persistent link: https://www.econbiz.de/10014404046
This paper discusses migration and remittances trends, and calculates the natural (or benchmark) level of dollarization in Caucasus, Central Asia and others in the region. This natural level of dollarization is conceptually linked to the currency allocation in a portfolio of deposits to maximize...
Persistent link: https://www.econbiz.de/10012302051
This paper reviews the economic conditions in central Asia at the time of the Russian financial crisis of August 1998; the channels by which the crisis was transmitted to the central Asian region; and the policy responses. The paper concludes that, while real exchange rates of central Asian national...
Persistent link: https://www.econbiz.de/10014403531
We present a novel and comprehensive dataset of bilateral gross and net external positions in various financial instruments for the main advanced and emerging economies and regions, designed to improve our understanding of cross-border financial linkages. The data show no strong correspondence...
Persistent link: https://www.econbiz.de/10014402655
Regional integration has been seen in Africa as a means of encouraging trade and securing economies of scale. This paper examines in detail the prospects and challenges for trade expansion in the two most prominent arrangements in eastern and southern Africa: the Common Market for Eastern and...
Persistent link: https://www.econbiz.de/10014404108
the value of protection, via costless messages (cheap-talk) and costly messages (lobbying). We estimate our model using … firm-level data on tariff suspension bills and lobbying expenditures from 1999-2006, and find that indeed verbal opposition … by import-competing firms, with no lobbying, significantly reduces the probability of a suspension being granted. In …
Persistent link: https://www.econbiz.de/10014397364
We study how lobbying affects the resolution of failed banks, using a sample of FDIC auctions between 2007 and 2014. We … higher costs in such auctions, amounting to 16.4 percent of the total resolution losses. We also find that lobbying winners … have worse operating and stock market performance than their non-lobbying counterparts, suggesting that lobbying results in …
Persistent link: https://www.econbiz.de/10011763817