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Article
Capital Control Measures: A New Dataset
This paper presents a new data set of capital controls by inflows and outflows for 10 asset categories in 100 countries during 1995–2013. Building on the data inSchindler (2009) and other data sets based on the ...
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Article
Pick Your Poison: The Choices and Consequences of Policy Responses to Crises
Countries choose different strategies when responding to crises. An important challenge in assessing the impact of these policies is selection bias with respect to relatively time-invariant country characteris...
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Article
Capital Account Liberalization and Economic Performance: Survey and Synthesis
This paper surveys the literature on the effects of capital account openness and stock market liberalization on economic growth and provides a synthesis in which we reconcile some of the different results pres...
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Article
A Provincial View of Economic Integration
This paper develops a method of testing levels of economic integration based upon consumption smoothing, and tests it using data on trade balances across Canadian provinces. The results indicate the provinces ...
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Chapter
Die Volkswirtschaft der Vereinigten Staaten von Amerika
Volkswirte haben zum Glück nicht die Möglichkeit, mit echten Volkswirtschaften zu spielen, um ihren Forschungsdrang zu befriedigen. Statt dessen müssen sie sich mit „natürlichen Experimenten“ zufriedengeben, u...
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Chapter
The European Monetary System and European Integration: An Evaluation
National borders are becoming increasingly faint on the economic map of Europe. The 1989 Delors Commission report calls for both liberalization of goods and factor markets as well as increased coordination of ...