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- Discipline
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- FINANCE AND TRADE (2)
- Agri-food trade (1)
- Biofuels (1)
- Comparative advantage (1)
- Credit constraints (1)
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- Disciplining role of debt (1)
- Finance and export survival (1)
- Food Prices (1)
- Global imbalances (1)
- House prices (1)
- Household Welfare (1)
- International Capital Flows and global imbalances (1)
- MENA countries (1)
- Macroeconomics and Banking (1)
- Poverty (1)
- Renewable Fuel Standards (1)
- Resource misallocation (1)
- Savings glut (1)
- State banking deregulation (1)
- Sub-Saharan Africa (1)
- Trade; Intellectual property rights (1)
Articles 1 - 7 of 7
Full-Text Articles in International Economics
Finance And Export Survival: The Case Of Mena Region And Sub-Saharan Africa, Melise Jaud, Madina Kukenova, Martin Strieborny
Finance And Export Survival: The Case Of Mena Region And Sub-Saharan Africa, Melise Jaud, Madina Kukenova, Martin Strieborny
Martin Strieborny
The paper looks at unique firm-product-destination export data collected by custom authoritiesin four countries from the Middle East and North Africa (MENA) - Jordan,Kuwait, Morocco, Yemen as well as in six countries of Sub-Saharan Africa(SSA) - Ghana, Mali, Malawi, Senegal, Tanzania, Uganda. We use these data toexamine to impact of financial development on the long-term success ofexports from developing countries. We find that those agricultural exportsthat face particularly costly implementation of Sanitary and PhytosanitaryStandards (SPS) are also the ones that disproportionately benefit from ahigher level of domestic financial development. This result confirms theprevious findings from a smaller SSA sample (Jaudetal. …
Finance, Comparative Advantage, And Resource Allocation, Melise Jaud, Madina Kukenova, Martin Strieborny
Finance, Comparative Advantage, And Resource Allocation, Melise Jaud, Madina Kukenova, Martin Strieborny
Martin Strieborny
Can financial institutions and markets enhance the discipline imposed by competitive product markets and thus improve resource allocation in the real economy? We address this question in the context of international trade, using disaggregated product-level data from 71 countries exporting to the USA. We show that exported products exit the US market sooner if they stand far away from the exporting country's comparative advantage. This pattern is stronger when the exporting country has a well-developed banking system, but it is unaffected by the depth of stock markets. These results are in accordance with theories stressing the disciplining role of debt.
Debt Dilution And Sovereign Default Risk, Juan Carlos Hatchondo, Leonardo Martinez, Cesar Sosa Padilla
Debt Dilution And Sovereign Default Risk, Juan Carlos Hatchondo, Leonardo Martinez, Cesar Sosa Padilla
Leonardo Martinez
No abstract provided.
Fiscal Rules And The Sovereign Default Premium, Juan Carlos Hatchondo, Leonardo Martinez, Francisco Roch
Fiscal Rules And The Sovereign Default Premium, Juan Carlos Hatchondo, Leonardo Martinez, Francisco Roch
Leonardo Martinez
No abstract provided.
Intellectual Property Protection And The Industrial Composition Of Multinational Activity, Olena Ivus, Walter Park, Kamal Saggi
Intellectual Property Protection And The Industrial Composition Of Multinational Activity, Olena Ivus, Walter Park, Kamal Saggi
Olena Ivus
In a North-South model with endogenous FDI, we examine the impact of Southern IPR protection on the mode and industry composition of international technology transfer. A novel feature of the model is that, due to technological reasons, industries differ with respect to their susceptibility to imitation. In equilibrium, licensing occurs in industries where the risk of imitation is low and FDI where it is of intermediate magnitude. Stronger IPRs in the South (i) alter the industrial composition of multinational activity towards licensing at the expense of FDI, (ii) reduce local imitation, (iii) increase licensing and, to a lesser extent, FDI.
Holes In The Dike: The Global Savings Glut, U.S. House Prices And The Long Shadow Of Banking Deregulation, Mathias Hoffmann, Iryna Stewen
Holes In The Dike: The Global Savings Glut, U.S. House Prices And The Long Shadow Of Banking Deregulation, Mathias Hoffmann, Iryna Stewen
Mathias Hoffmann
We show how capital inflows into and financial deregulation within the United States interacted in driving the recent boom and bust in U.S. housing prices. Interstate banking deregulation during the 1980s cast a long shadow: in states that opened their banking markets to out-of-state banks earlier, house prices were more sensitive to aggregate U.S. capital inflows during 1990-2012. Capital inflows relaxed the value-at-risk constraints of geographically diversified (‘integrated’) U.S. banks more than those of local banks. Therefore, integrated banks absorbed a larger share of capital inflows and expanded mortgage lending more. This drove up housing prices.
The Effect Of The U.S. Biofuels Mandate On Poverty In India, Ujjayant N. Chakravorty, Marie-Helene Hubert, Beyza Ural Marchand
The Effect Of The U.S. Biofuels Mandate On Poverty In India, Ujjayant N. Chakravorty, Marie-Helene Hubert, Beyza Ural Marchand
Ujjayant Chakravorty
More than 40% of US grain is now used for energy and this share is expected to rise under the current Renewable Fuels Mandate (RFS). There are no studies of the global distributional consequences of this purely domestic policy. Using micro-level survey data, we trace the effect of the RFS on world food prices and their impact on household level consumption and wage impacts in India. We first develop a partial equilibrium model to estimate the effect of the RFS on the price of selected food commodities - rice, wheat, corn, sugar and meat and dairy, which together provide almost …