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Economic Development and the Regulation of Morally Contentious Activities

Elias, Julio J. - 2017

The regulation of many activities depends on whether societies consider them morally controversial or "repugnant". Not only have regulation and related ethical concerns changed over time, but there is also heterogeneity across countries at a given time. We provide evidence of this heterogeneity...

Persistent link: https://www.econbiz.de/10012455467

Crisis Innovation

Babina, Tania - 2020

The effect of financial crises on innovation is an unsettled and important question for economic growth, but one … that local distress caused a sudden and persistent decline in patenting by the largest organizational form of innovation at …. Despite this, we find that innovation during crises can be more resilient than it may appear at first glance. First, there is …

Persistent link: https://www.econbiz.de/10012481155

Hedge Funds and the Asian Currency Crisis of 1997

Brown, Stephen J. - 1998

We test the hypothesis that hedge funds were responsible for the crash in the Asian currencies in late 1997 . To do so, we develop estimates of the changing positions of the largest ten currency funds in one currency, the Malaysian ringgit and to a basket of Asian currencies. Our methodology is...

Persistent link: https://www.econbiz.de/10012472381

The Distributional Impacts of Indonesia's Financial Crisis on Household Welfare : A "Rapid Response" Methodology

Friedman, Jed - 2001

Analyzing the distributional impacts of economic crises is important and, unfortunately, an ever more pressing need. If policymakers are to intervene to help those most adversely impacted, then policymakers need to identify those who have been most harmed and the magnitude of that harm....

Persistent link: https://www.econbiz.de/10012470154

Banks and Macroeconomics Disturbances under Predetermined Exchange Rates

Edwards, Sebastian - 1997

As the recent Mexican crisis vividly illustrates, Latin American countries often go through boom-bust cycles caused by both domestic policies and external shocks. Such cycles are typically magnified by weak banking systems which intermediate large capital inflows. This paper develops a simple...

Persistent link: https://www.econbiz.de/10012472844

The Collapse of the Mexican Peso : What Have We Learned?

Sachs, Jeffrey - 1995

In the first quarter of 1995 Mexico found itself in the grip of an intense financial panic. Foreign investors fled Mexico despite very high interest rates on Mexican securities, an undervalued currency, and financial indicators that pointed to long-term solvency. The fundamental conditions of...

Persistent link: https://www.econbiz.de/10012473740

Implicit Contracts, the Great Depression, and Institutional Change : A Comparative Analysis of U.S. and Japanese Employment Relations, 1920-1940

Moriguchi, Chiaki - 2003

This paper employs a game-theoretic framework and a comparative historical analysis to study the impact of the Great Depression on corporate welfarism,' i.e., employers' voluntary provisions of non-wage benefits, greater employment security, and employee representation to their blue-collar...

Persistent link: https://www.econbiz.de/10012469141

Measuring Real Economic Effects of Bailouts : Historical Perspectives on How Countries in Financial Distress Have Fared With and Without Bailouts

Bordo, Michael D. - 2000

In this paper we first trace the changing nature of banking, currency and debt crises from the last century to the present. Each type of crisis has transmogrified in the presence of official intervention and the creation of a safety net. A similar pattern is observed for international rescue...

Persistent link: https://www.econbiz.de/10012471060

U.S. Banks, Crises, and Bailouts : From Mexico to LTCM

Stulz, Rene M. - 2000

This paper investigates the impact on bank stock prices of emerging market currency crises and bailouts. The stock market distinguishes between banks with exposure to a crisis country and other banks. In general, banks with exposures to a crisis country are affected adversely by currency events...

Persistent link: https://www.econbiz.de/10012471245

Crisis Prevention : Lessons from Mexico and East Asia

Edwards, Sebastian - 1999

economies. Although much of the discussion concentrates on East Asia and Mexico, I also draw on the history of some previous …

Persistent link: https://www.econbiz.de/10012471557