International Economics Commons^™

Exchange Rate Regimes And Economic Growth, Amandarae Matthew

Undergraduate Theses

This paper explores the relationship between economic growth and exchange rate regimes among countries of lower income, lower middle income, upper middle income, and high-income countries. Countries must make careful consideration when choosing an exchange rate regime because each regime can have different long-term effects. A cross section pooled time series data will be used for a sample of 42 countries over the period of 2000-2018. Multiple models will examine the various relationships between types of exchange rate regimes, changes in exchange rate regimes, and economic growth. The components of the models being tested include political stability, change in terms …

The Nuances Of Capital Controls In Economic Development: Argentina And Chile, Reagan A. Shane

Global Tides

In this paper, I analyze the ways that capital controls affect growth and economic development in developing countries and emerging market economies and use the historical evidence of Chile and Argentina to demonstrate how countries may experience the effects of capital controls in different proportions. I then review additional academic literature and historical evidence in Chile and Argentina to determine what factors seem to determine the success or failure of capital control strategies. I find two influential factors in the determination of whether implementation of capital controls helps or hurts economic growth and development. The first is whether capital controls …

Econ 319: A Closer Look Into Trade With Madagascar, Casey Williams

Virtual 2020 Spring Student Showcase for Research and Creative Inquiry

Trade may seem like simple transaction between two parties, but in reality, trading comes with many boundaries and challenges that may not be easy to see from the outside. This research was conducted by collecting data about Madagascar’s trade with the United States, the types and amount of products being imported and exported, and a closer look at each economy. In our course, we discussed how the Gravity Model, the idea that most countries will find it easiest and most efficient to trade with big economies that are close rather than ones that are farther away, plays a vital role …

Morocco’S Informal Economy: The Role Of Rotating Savings In Rabat, Grace Lamendola, Hicham Ait Mansour

DU Undergraduate Research Journal Archive

This research project is a case study concerned with how the practice of Rotational Savings and Credit Associations (ROSCAs) function within Rabat, Morocco. Research was guided by the following questions: Why is this form of money management utilized? Who is the typical participant in ROSCAs? What sort of purchases are financed through this practice? And what does the changing popularity of ROSCAs mean for future generations? In order to begin answering these questions I collected considerable qualitative data throughout my four-month long stay in the Medina of Rabat during Fall of 2019. I also supplemented this data with secondary research …

Restructuring And Forgiveness In Financial Crises D: The Japanese Financial Crisis Of The 1990s, Christian M. Mcnamara, Andrew Metrick

Journal of Financial Crises

In November 1997 the Japanese government confronted a problem of enormous proportions when the turmoil that had been roiling the financial markets since the collapse of a real estate and stock market asset bubble in 1990 reached a crescendo with the failure of four major financial institutions in quick succession in the space of a month. Prior to these failures, the damage done by the collapsing bubble had seemed to be limited to certain segments of the financial landscape, and the government’s response consisted largely of targeted intervention when necessary for clearly insolvent financial institutions, with a more comprehensive approach …

Restructuring And Forgiveness In Financial Crises C: The Swedish Banking Crisis Of 1990-94, Christian M. Mcnamara, Dr. Lars Thunell, Andrew Metrick

Journal of Financial Crises

In the Spring of 1992, the Swedish government faced a dilemma. The country was in the midst of an economic downturn stemming from the collapse of asset prices (especially in real estate) that had spiked as a result of a credit boom that followed the deregulation of the Swedish banking system in the mid-1980s. Initially the impact of the downturn on the country’s banks had seemed to be limited to a small number of specific firms that the government moved to assist on an ad hoc basis in 1991. However, evidence was mounting that the banking crisis was reaching a …

Restructuring And Forgiveness In Financial Crises B: The Asian Crisis Of 1997, June Rhee, Andrew Metrick

Journal of Financial Crises

Asia’s economy, Thailand in particular, was booming when the financial crises hit in the 1990s. However, troubles were brewing underneath the seemingly buoyant economy. With a fragile financial system and ineffective domestic government responses to these troubles, an exchange rate crisis took over Thailand, and this crisis started a financial contagion in the neighboring countries. This case reviews the background and domestic government responses to contain the crisis, and the international intervention provided by the International Monetary Fund including the assistance and the required reforms accompanying the support.

Restructuring And Forgiveness In Financial Crises A: The Mexican Peso Crisis Of 1994-95, Christian M. Mcnamara, June Rhee, Andrew Metrick

Journal of Financial Crises

Following a year in which repeated political turmoil sapped investor confidence in Mexico, putting pressure on the peso and draining the country’s foreign exchange reserves, on December 22, 1994, the Mexican government sparked a financial crisis by unexpectedly abandoning its policy of anchoring the peso to the US dollar and instead allowing it to float freely. The resulting collapse of the peso left Mexico with $40 billion to $50 billion in external debt (much of it dollar-indexed) coming due in the near term and almost no foreign exchange reserves. Faced with the prospect that Mexico would either default on its …

Environmental Regulations And Foreign Direct Investment, Valri Nesbit

Student Papers in Local and Global Regional Economies

I am writing a literature review of whether stronger environmental regulations affects foreign direct investment (FDI). Logic would tell you that the FDI would go to those countries that have lower environmental regulations because this results in lower costs to the corporation overall. I am a firm believer that corporations meet the definition of a sociopath: “a person…whose behavior is antisocial and who lacks a sense of moral responsibility or social conscience.”¹ Therefore, my belief is that these sociopathic corporations, which are deemed to be people pursuant to Santa Clara County v. Southern Pacific Railroad Company,² will continue …

Import Tariffs And The Flow Of Counterfeit Goods Into The United States, Avery S. Thomson

Student Papers in Local and Global Regional Economies

The world of counterfeit goods is diverse and has grown rapidly throughout the years. The boom of e-commerce has resulted in a devastating increase in the shipment of small packages into the United States, making it easier for every day consumers to be fooled by counterfeiting masterminds. Counterfeit goods are not limited to fake watches and designer purses offered on the streets of Los Angeles or New York City anymore, instead the market has expanded to include many goods like consumer electronics, footwear, apparel, cosmetics, and even medicines and personal care items. Advances in technology at border control points, advertising …

Foreign Direct Investment And Environmental Regulations, Kiel Hawk

Student Papers in Local and Global Regional Economies

For the longevity of our species as well as much of the biodiversity that remains, understanding the environmental impact of our decisions is paramount. We are amid the 6th mass extinction in the Earth’s history, and unlike the previous five this one’s on us. Having transgressed from the Holocene to the Anthropocene, we have found ourselves in an era that has lost many of the ecological features that has enabled our species to live such high standards of living, for wealth is dependent on that which nature provides. Over the past several decades, beginning around the 1970’s, we have been …

The Impact Of American Economic Aid On Post-World War Ii Germany, Gabriella Barber, Emily T. Carlstrom

Senior Theses

This paper examines the state of Germany immediately after World War II, describing how the American government intervened in West German reconstruction. It analyzes three specific German companies that overcame hardship in the 1940s and 50s and have become powerhouses today. Additionally, an overview of the current German economy shows how the country is positioned as a world leader.

Research was conducted using literary print sources, scholarly internet databases, and a formal interview with Klaus Becker, Honorary Consul to Germany. He is a German-American businessman who has held roles in several non-political associations, including President of the Charlotte World Trade …

Trade Financing In Emerging Markets, Jamie L. Morris

Senior Theses

Businesses need capital to initiate trades, drive growth, and produce profit, but unfortunately, not all companies can access to capital easily. Small and medium-sized enterprises (SMEs), although critical to the global economy, typically have trouble funding trades because of a lack of creditworthiness. This problem worsens for SMEs in emerging markets in volatile economies with political instability (“Trade finance and SMEs” 2016, p.11-21). In this study, we analyze how third-party trade finance companies can help finance trades more easily for SMEs in eight (8) emerging markets: Kenya, Rwanda, Ethiopia, Chile, Peru, Thailand, Cambodia, and Indonesia. We use a unique source …

Foreign Direct Investment And Industrial Agglomeration: Evidence From China, Wen-Tai Hsu, Yi Lu, Xuan Luo, Lianming Zhu

Research Collection School Of Economics

This paper studies the effect of foreign direct investment (FDI) on industrial ag-glomeration. Using the differential effects of FDI deregulation in 2002 in China on different industries, we find that FDI actually affects industrial agglomeration neg-atively. As FDI brings technological spillovers and various agglomeration benefits, other forces must be at work to drive our empirical finding. We propose a simple theory that FDI may discourage industrial agglomeration due to fiercer competition pressure. We find various evidence on this competition mechanism. We also examine an alternative theory based on spatial political competition, but find no evidence sup-porting it. On industrial growth, …

¿Buscando Estabilidad Y Encontrando Crisis? Jóvenes Venezolanos En El Estallido Social Chileno, Carmen Rio Vescia

Independent Study Project (ISP) Collection

Chile has long been recognized in Latin America as an island of political and economic stability, but in October of 2019, a student-led mass evasion of the Santiago metro sparked what has since been coined the ‘estallido social,’ or ‘social explosion.’ Protestors across the country representing a wide range of social movements are demanding myriad reforms to what they deem a broken neoliberal system rooted in policies created during Pinochet’s dictatorship. Current president Sebastián Piñera’s government first responded by declaring a state of emergency. The state leveraged the power of a militarized police force (los Carabineros de Chile) to quell …

La Importancia De Los Espacios: Conociendo Los Espacios En Línea Creado Por Los Haitianos Y Organizaciones Haitianas En Chile, Juan Avilez

Independent Study Project (ISP) Collection

The state of Haitian migrants in Chile has often been studied through a lens of understanding the reasons for migratory flows and their effects on labor markets within the context of the Chilean state. Notable studies such as that of Pedemonte in 2015 studying the matrixes of exclusion of Haitian migrants in Chilean culture and that of Tijoux in 2015 studying the effects of racism and a neoliberal system on migrants, have adopted to explore the adoption of Haitian migrants to Chilean culture and detail the challenges and ways of community building that the Haitian population in Chile has adapted. …

Alimentando A México: Los Movimientos Indígenas Y Agrícolas Contra Las Políticas Neoliberales, Sofia Buchler

Independent Study Project (ISP) Collection

Para analizar la complejidad de la agricultura en México en este momento, es necesario analizar las políticas neoliberales de México. El Tratado de Libre Comercio de América del Norte (TLCAN) marca un punto de inflexión para la privatización de las tierras agrícolas y los cambios de la dieta mexicana. Las políticas de los últimos cuarenta años han destruido la dieta de la milpa en México y la tradición del policultivo. Los cambios en la agricultura han destruido el suelo, y forzado a los pequeños agricultores a abandonar sus tierras y buscar trabajos diferentes. Hay una gran historia de resistencia indígena …

The Sustainability Of Child Protection Services In The Republic Of Kosovo, Shpetim Bylykbashi

Capstone Collection

Today, in Kosovo, are services provided for the children most in need sustainable? Do these services have stable and long-term funding? Did the decentralization of the Kosovo government strengthen or weaken the existing child protective environment? In an attempt to answer these questions, a review of available literature was completed, as well as direct interviews conducted with relevant stakeholders engaged in Kosovo’s child protection services at both the governmental and civil society levels. The main finding of my research is that vulnerable children in Kosovo, such as children without parental care, children with special needs, and child victims of domestic …

Exploring The Effects Of International Wage Differences On Brain Drain, Austin Martin

Undergraduate Economic Review

This paper examines how international wage differences affect brain drain by comparing the effects of skill-specific wage differences on low, medium, and high-skilled emigration. Previous literature explores qualitative factors behind migrant flow, but there is little focus on the role of wage differences in individuals’ decisions to emigrate. A relatively new data set on emigration rates by education level and a modified gravity model provide a unique analysis of bilateral migration flows. This paper finds that wage differences may have a significant and positive effect on and low-skilled emigration, but a less significant effect on high-skilled emigration or brain drain.

The Political Economy Of Inequality: U.S. And Global Dimensions, Sisay Asefa Editor, Wei-Chiao Huang Editor

Upjohn Press

The contributors to this book discuss a variety of forms of social inequality which include large gaps in accumulated assets, discrepancies in access to quality education, unstable family life, lack of access to banking services, poor employment prospects, lack of health care services, and underrepresentation for political and legal matters. Together, they show how these forms of inequality are interrelated with income inequality and that, taken together, they pose the risk for societal and political unrest should they be left unresolved.