Showing 1 - 10 of 184
In this study a regime switching approach is applied to estimate the chartist and fundamentalist (c&f) exchange rate model originally proposed by Frankel and Froot (1986). The c&f model is tested against alternative regime switching specifications applying likelihood ratio tests. Nested...
Persistent link: https://www.econbiz.de/10009765353
We study the impact of transnational terrorism diffusion on security and trade. We set a simple theoretical model … predicting that the closer a country to a source of terrorism, the higher the negative spillovers on its trade. The idea is that … security measures, which impede trade, are directed both against the source country of terror and its neighbor countries where …
Persistent link: https://www.econbiz.de/10008914740
We examine the impact of transnational terrorism diffusion on security and international trade. To counter the … potentially diffuse. Since security measures raise trade costs, we argue that countries, close enough to those from where terror … originates, should experience negative spillovers on their trade. We find evidence for this hypothesis in our data. We show that …
Persistent link: https://www.econbiz.de/10008489436
We study the impact of transnational terrorism diffusion on security and trade. We set a simple theoretical model … predicting that the closer a country to a source of terrorism, the higher the negative spillovers on its trade. The idea is that … security measures, which impede trade, are directed both against the source country of terror and its neighbor countries where …
Persistent link: https://www.econbiz.de/10008494336
In this paper, we study the impact of transnational terrorism diffusion on security and trade. We set up a simple … trade. The idea is that security measures, which impede trade, are directed both against the source country of terror and … find (1) a direct negative impact of transnational terrorism on trade; (2) an indirect negative impact emanating from …
Persistent link: https://www.econbiz.de/10008466352
What is the impact of terrorism on trade through higher security at the borders? We set up a theory which shows that … the impact goes not only from terrorism to trade; higher trade with a partner might, in turn, increase the probability of … products. These results suggest that security to prevent terrorism does matter for trade. …
Persistent link: https://www.econbiz.de/10005504633
We examine the impact of transnational terrorism diffusion on security and international trade. To counter the … potentially diffuse. Since security measures raise trade costs, we argue that countries, close enough to those from where terror … originates, should experience negative spillovers on their trade. We find evidence for this hypothesis in our data. We show that …
Persistent link: https://www.econbiz.de/10011933208
This paper considers a dynamic North South model of international trade and innovations in which firms can endogenously … rights between the two regions, innovating firms face a trade-off between delocalization in the South and more secure … endogenous technological bias towards skilled labour technologies. We discuss the implications of this trade induced …
Persistent link: https://www.econbiz.de/10005114403
In this study a regime switching approach is applied to estimate the chartist and fundamentalist (c&f) exchange rate model originally proposed by Frankel and Froot (1986). The c&f model is tested against alternative regime switching specifications applying likelihood ratio tests. Nested...
Persistent link: https://www.econbiz.de/10010958501
In this paper we propose a generalisation of the noise trader transmission mechanism to examine the impact of central bank intervention on exchange rates. Within a heterogeneous expectations exchange rate model intervention operations are supposed to provide support to either chartist or...
Persistent link: https://www.econbiz.de/10010295734