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Inter-temporal savings, current account dynamics and asymmetric shocks in a heterogeneous European Monetary Union

Schnabl, Gunther; Zemanek, Holger - 2010

theory of optimum currency areas. We show that the asymmetric shock of the German unification can be seen not only as the … imbalances ; inter-temporal savings ; financial crisis ; euro crisis ; European debt crisis ; theory of optimum currency areas …

Persistent link: https://www.econbiz.de/10008798227

Banking and debt crisis in Europe : the dangerous liaisons?

Candelon, Bertrand; Palm, Franz C. - 2010

The potential mutation of the Sub-Prime banking crisis into a sovereign debt one in Euro area countries is investigated. After reviewing the criteria used to measure the debt vulnerability, the balance sheet approach (BSA) is presented in order to illustrate the potential connections between...

Persistent link: https://www.econbiz.de/10003951604

Roots of autocracy

Galor, Oded; Klemp, Marc P. B. - 2017

Exploiting a novel geo-referenced data set of population diversity across ethnic groups, this research advances the hypothesis and empirically establishes that variation in population diversity across human societies, as determined in the course of the exodus of human from Africa tens of...

Persistent link: https://www.econbiz.de/10011645955

Finance, talent allocation, and growth

D'Acunto, Francesco; Frésard, Laurent - 2018

The growing finance wage premium is related to a modest net reallocation of skilled workers from non-finance sectors into finance in a broad sample of 24 countries over 35 years. The reallocation is higher when the finance wage premium grows faster than the contribution of the financial sector...

Persistent link: https://www.econbiz.de/10011794229

Universal intellectual property rights : too much of a good thing?

Auriol, Emmanuelle; Biancini, Sara; Paillacar, Rodrigo - 2013

own innovation. The analysis predicts that the willingness to enforce IPR is U-shaped in a country GDP: small … enforcement of IPR yields a higher level of innovation and global welfare only if the developing country does not innovate. A …

Persistent link: https://www.econbiz.de/10009764430

Towards a Macro-Prudential leading indicators framework for monitoring financial vulnerability

Bhattacharyay, Biswanath - 2003

selected Asia-Pacific countries, namely Fiji, Indonesia, the Philippines, Thailand, Viet Nam, and Taiwan, Province of China …

Persistent link: https://www.econbiz.de/10011509390

Secular stagnation : is immigration part of the solution?

Alves, José; Morgado, Sandro - 2022

In our article we review the secular stagnation hypothesis, firstly postulated by Hansen (1939), to describe the current macroeconomic dynamics faced by developed economies. Based in the existing literature, we elaborate on a workable definition of secular stagnation founded on four pillars:...

Persistent link: https://www.econbiz.de/10012815750

Firm-level human capital and innovation : evidence from China

Sun, Xiuli; Li, Haizheng; Ghosal, Vivek - 2017

Understanding the factors that may produce a sustained rate of innovation is important for promoting economic … development and growth. In this paper, we examine the role of human capital in firms' innovation by using a large sample of … small and medium sized cities. Patent applications are used as the measure of innovation. Human capital indicators used …

Persistent link: https://www.econbiz.de/10011615502

Significance of development stage theory for explaining industrial growth pattern between Asian NICs and selected advanced economies

Nam, Chang-woon - 2002

determined by the industrial development triggered by changes in domestic demand, increases in FDI, intensive innovation efforts … examines the applicability of the development stage theory for explaining the growth dynamics of industrial production in Asian …

Persistent link: https://www.econbiz.de/10011409015

Stigma? What Stigma? : a contribution to the debate on the effectiveness of IMF lending

Scheubel, Beatrice; Tafuro, Andrea; Vonessen, Benjamin - 2018

There is a perception that IMF programmes are not catalytic and instead associated with large capital outflows, higher refinancing costs for sovereigns and adverse movements in stock markets. This has led to concerns that an expectation of adverse effects of IMF programmes may deter countries...

Persistent link: https://www.econbiz.de/10011846238