 | Financial Versus Monetary Mercantilism : Long-Run View of Large International Reserves Hoarding Author/Editor: Jaewoo Lee, Joshua Aizenman. Release Date:December, 2006 The sizable hoarding of international reserves by several East Asian countries has been frequently attributed to a modern version of monetary mercantilism-hoarding international reserves in order to more...
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| International Reserves : Precautionary vs. Mercantilist Views, Theory and Evidence Author/Editor: Joshua Aizenman, Jaewoo Lee. Release Date:October, 2005 This paper compares the importance of precautionary and mercantilist motives in the hoarding of international reserves by developing countries. Overall, empirical results support precautionary more...
| Price: $15.00
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| Contagion and Volatility with Imperfect Credit Markets Author/Editor: Joshua Aizenman, Pierre-Richard Agénor. Release Date:October, 1997 This paper interprets contagion effects as an increase in the volatility of aggregate shocks impinging on the domestic economy. The implications of this approach are analyzed in a model with two more...
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| Trade Liberalization and Unemployment Author/Editor: Pierre-Richard Agénor, Joshua Aizenman. Release Date:February, 1995 This paper examines the effect of trade reform on wages and unemployment in a two-sector, three-good economy in which labor is imperfectly mobile across sectors. Wages in the export sector are set so more...
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| Technological Change, Relative Wages, and Unemployment Author/Editor: Joshua Aizenman, Pierre-Richard Agénor. Release Date:September, 1994 This paper examines the effect of skill-biased technological change on the structure of wages, the composition of employment and the level of unemployment in a two-sector economy with a heterogenous more...
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| Macroeconomic Adjustment with Segmented Labor Markets Author/Editor: Joshua Aizenman, Pierre-Richard Agénor. Release Date:May, 1994 This paper analyzes the macroeconomic effects of fiscal and labor market policies in developing countries. The basic framework considers a small open economy with a large informal production sector more...
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| Political Feasibility and Investment in Economic Transformations Author/Editor: Peter Isard, Joshua Aizenman. Release Date:July, 1993 The paper characterizes the feasibility of economic transformation as requiring the simultaneous attainment of macroeconomic stability, political support, and adequate private investment. more...
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| Resource Allocation During the Transition to a Market Economy : Policy Implications of Supply Bottlenecks and Adjustment Costs Author/Editor: Peter Isard, Joshua Aizenman. Release Date:February, 1993 The paper discusses the case against a laissez faire approach to resource allocation and develops a model of supply bottlenecks. It argues that: (1) once budget constraints are hardened and credit more...
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| A Theory of Optimum Currency Areas : Revisited Author/Editor: Robert P Flood, Joshua Aizenman. Release Date:May, 1992 Starting with Friedman and Mundell the academic literature has conducted a high level debate concerning the design of cross-country monetary arrangements. That debate has become very complex and the more...
| Price: $15.00
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| Exchange Rate Flexibility, Volatility and the Patterns of Domestic and Foreign Direct Investment Author/Editor: Joshua Aizenman. Release Date:March, 1992 This paper investigates the factors determining the impact of exchange rate regimes on the behavior of domestic investment and foreign direct investment (FDI). Producers may diversify internationally more...
| Price: $15.00
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