International Parity Relations and Economic Shock: Evidence from Swiss Franc Unpegging

Global Banks and International Shock Transmission: Evidence from the Crisis

Global banks played a significant role in transmitting the 2007-09 financial crisis to emerging-market economies. We examine adverse liquidity shocks on main developedcountry banking systems and their relationships to emerging markets across Europe, Asia, and Latin America, isolating loan supply from loan demand effects. Loan supply in emerging markets across Europe, Asia, and Latin America was...

International Trade and Economic Growth: Evidence from Singapore

International Trade and Economic Growth: Evidence from Singapore Clarence Jun Khiang Tan One of the frequently cited, though hotly contested, determinants of economic growth is exposure to international trade. This study focusses on Singapore, a country with high per capita GDP growth rates and high trade exposure to explore the relationship between these two variables. I use a cross-country da...

Indian Council for Research on International Economic Relations

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International Capital Movements and Relative Wages: Evidence from U.S. Manufacturing Industries

In this paper, we use a multi-sector specific factors model with international capital mobility to examine the effects of globalization on the skill premium in U.S. manufacturing industries. This model allows us to identify two channels through which globalization affects relative wages: effects of international capital flows transmitted through changes in interest rates, and effects of international...

Culture and International Relations : The Culture of International Relations