21 22 Abstract 23 24 Does the dollarization of liabilites and the resulting balance sheet vulnerability prevent 25 monetary policy from serving its conventional countercyclical role? We study this question 26 in a model of a small open economy in which domestic firms face an imperfect capital 27 w market, with risk premia depending on net worth as in Bernanke and Gertler Am. Econ. 28 Ž . x Rev....

With agonist stimulation, cardiac f32-adrenergic receptors (f2ARs) are downregulated to a much greater extent than are fJ1ARs. It has been hypothesized that this effect is due to sympathetic innervation inhibiting the downregulation of ,IJARs. To test this hypothesis, the technique of coverslip autoradiography was used to localize and quantify f31AR and 2AR subtypes in tissue compartments of th...

The study was undertaken to find out correlation, if any, between severity of depression and suicidal intent communication and its relation to age, marital status, duration of iilness, previous admission in a psychiatric hospital in patients of depression diagnosed using criteria of ICD-IX category codes F31.3, F31.4, F31.5, F32 and F33. Sample consisted of 30 patients from the OPD of Agra Mans...

This paper evaluates the relative importance of three contagion channels: direct trade, neighborhood effects and financial competition in banking centers. Because these channels are highly correlated, they could easily be confused. However, policy implications are very different depending on the channel and therefore disentangle which channels are more relevant is an important task. This paper ...

This paper examines whether domestic and foreign productivity and fiscal policy changes can account for the wide swings in US net exports during the period 1975]1991. A two-country Real Business Cycle model is used for that purpose. The model is simulated using data on productivity, government purchases and taxes, for the G7 countries. A version of the model with incomplete asset markets, in wh...

The intertemporal current account approach predicts that the current account of a small open economy is independent of global shocks, and that responses of the current account to countryspecific shocks depend on the persistence of the shocks. The author shows that these predictions impose cross-equation restrictions (CERS) on a structural vector autoregression (SVAR). To test the CERs, the auth...

We use a panel of annual data for over one hundred developing countries from 1971 through 1992 to characterize currency crashes. We define a currency crash as a large change of the nominal exchange rate that is also a substantial increase in the rate of change of nominal depreciation. We examine the composition of the debt as well as its level, and a variety of other macroeconomic factors, exte...

Nonlinear Adjustment to Purchasing Power Parity in the post-Bretton Woods Era Christopher F. Baum Department of Economics Boston College John T. Barkoulas Department of Economics and Finance Louisiana Tech University Mustafa Caglayan Department of Economics and Finance University of Durham, UK This paper models the dynamics of adjustment to long-run PPP over the post-Bretton Woods period in a n...

Recent international macroeconomics literature on sudden stops faces a puzzling ambiguity. Using essentially the same basic small, open economy model with collateral constraints, some studies successfully predict the empirically observed link between sudden stops and output drops, while others get the opposite result where sudden stops lead to increases in output. In this paper we resolve this ...