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An Equilibrium Model of "Global Imbalances" and Low Interest Rates

Gourinchas, Pierre-Olivier; Farhi, Emmanuel; Caballero, … - 2008

Economics

Persistent link: https://www.econbiz.de/10009431915

When Capital Inflows Come to a Sudden Stop: Consequences and Policy Options

Calvo, Guillermo A.; Reinhart, Carmen M. - 1999

suddenstop problem less severe. In this regard, we consider the relative merits of capital controlsand dollarization. We conclude …. Dollarization would appear to have the edge as a more marketorientedoption to ameliorate, if not eliminate, the sudden stop problem. …

Persistent link: https://www.econbiz.de/10009450565

Foreign Ownership and Corporate Restructuring: Direct Investment by Emerging-Market Firms in the United States

Chari, Anusha; Chen, Wenjie; Dominguez, Kathryn M. E. - 2010

This paper examines the recent upsurge in foreign direct investment by emerging-market firms into the United States. Traditionally, direct investment flowed from developed to developing countries, bringing with it superior technology, organizational capital, and access to international capital...

Persistent link: https://www.econbiz.de/10009476923

Measuring and explaining the volatility of capital flows towards emerging countries

Broto Pelegrín, Carmen; Díaz Cassou, Javier; Erce … - 2008

This paper analyzes the determinants of the volatility of different types of capital inflows to emerging countries. After calculating a variable that proxies capital flows volatility, we study its possible causality relations with a set of explanatory variables by type of flow through a panel...

Persistent link: https://www.econbiz.de/10012530210

Capital flows to emerging economies : recent developments and drivers

Molina Sánchez, Luis; Viani, Francesca

Artículo de revista ; Emergingmarkets have gained prominence as recipients of capital flows since the onset of the financial crisis in 2008. This raises their exposure and goes hand in hand with greater dependence on external financing and heightened sensitivity to global shocks. However, some...

Persistent link: https://www.econbiz.de/10012532427

The effect of common currencies on trade

Szebeni, Katalin - 2004

The theory of optimum currency areas states that the more two countries trade with each other, the better candidates they are for a currency union. In terms of the endogeneity argument, convergence follows from joining a currency union and the integration process itself turns the countries into...

Persistent link: https://www.econbiz.de/10009457804

Testimony on Dollarization

Calvo, Guillermo A. - 2000

I was invited here to explain about Dollarization, the benefits and costs for the US and thecountries that adopt it … ConnieMack’s proposal). Moreover, I believe global dollarization will have direct economic benefits forthe US, and enhance its … role as a worldwide leader.Dollarization is the decision to abandon the national currency and replace it by the USDollar …

Persistent link: https://www.econbiz.de/10009450720

The Time Horizon of the Forward Premium Puzzle: A New Approach in Examining Classical Explanations

To, Linh - 2007

In this study, the forward premium anomaly is revisited. The bias of the forward rate in predicting the future spot rate implies the failure of Uncovered Interest Parity (UIP), the backbone of many economic models in international finance. In analyzing the classical explanations of the puzzle,...

Persistent link: https://www.econbiz.de/10009429059

14.54 International Trade, Fall 2005

Lorenzoni, Guido - 2005

Introduction to the theory of international trade and finance with applications to current policy issues. From the course home page: Course Description The course will help us understand what determines the flow of goods across countries, i.e. international trade, and what determines the flow of...

Persistent link: https://www.econbiz.de/10009432089

15.012 Applied Macro- and International Economics, Spring 2002

Thurow, Lester - 2002

This course will focus on the environment of firms with particular emphasis on economic variables such as GNP, inflation, interest rates, exchange rates and international trade. The course is divided into five parts: The first presents the basic tools of macroeconomic management by focusing on...

Persistent link: https://www.econbiz.de/10009433297