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Intangible Investment and Low Inflation: A Framework and Some Evidence

Author/Editor: Subir Lall, Li Zeng.

Release Date:September, 2020

Intangible investment is growing as a share of economic activity. We present a simple framework incorporating its distinguishing characteristic of generally greater scalability and lower marginal more...



Price: $18.00
From Crisis to Convergence : Charting a Course for Portugal

Author/Editor: Dmitry Gershenson, Albert Jaeger, Subir Lall.

Release Date:March, 2016

In 2011, following years of large-scale external imbalances financed by debt, Portugal’s economy reached a crisis point. To restore economic growth and credibility with international lenders, the more...



Price: $20.00
Did Korean Monetary Policy Help Soften the Impact of the Global Financial Crisis of 2008“09?

Author/Editor: Harun Alp, Selim Elekdag, Subir Lall.

Release Date:January, 2012

Korea was one of the Asian economies hardest hit by the global financial crisis. Anticipating the downturn that would follow the episode of extreme financial stress, the Bank of Korea (BOK) let the more...



Price: $18.00
An Assessment of Malaysian Monetary Policy during the Global Financial Crisis of 2008-09

Author/Editor: Harun Alp, Selim Elekdag, Subir Lall.

Release Date:January, 2012

Malaysia was hit hard by the global financial crisis of 2008-09. Anticipating the downturn that would follow the episode of extreme financial turbulence, Bank Negara Malaysia (BNM) let the exchange more...



Price: $18.00
Correlations in Emerging Market Bonds: The Role of Local and Global Factors

Author/Editor: A Javier Hamann, Irina Bunda, Subir Lall.

Release Date:January, 2010

This paper examines the comovement in emerging market bond returns and disentangles the influence of external and domestic factors. The conceptual framework, set in the context of asset allocation, more...



Price: $18.00
Financial Stress, Downturns, and Recoveries

Author/Editor: Subir Lall, Roberto Cardarelli, Selim Elekdag.

Release Date:May, 2009

This paper examines why some financial stress episodes lead to economic downturns. The paper identifies episodes of financial turmoil using a financial stress index (FSI), and proposes an analytical more...



Price: $18.00
Rising Income Inequality : Technology, or Trade and Financial Globalization?

Author/Editor: Chris Papageorgiou, Subir Lall, Florence Jaumotte.

Release Date:July, 2008

We examine the relationship between trade and financial globalization and the rise in inequality in most countries in recent decades. We find technological progress as having a greater impact than more...



Price: $18.00
Managerial Incentives and Financial Contagion

Author/Editor: Sujit Chakravorti, Subir Lall.

Release Date:October, 2004

This paper proposes a framework for comovements of asset prices with seemingly unrelated fundamentals, as an outcome of optimal portfolio strategies by fund managers. In emerging markets, dedicated more...



Price: $15.00
Speculative Attacks, Forward Market Intervention and the Classic Bear Squeeze

Author/Editor: Subir Lall.

Release Date:December, 1997

A typical strategy used by speculators to launch an attack on a fixed exchange regime is the use of forward markets. Central banks also intervene in forward markets to counter speculation. This paper more...



Price: $15.00