東華大學圖書館 |

Language: English

Help

回圖書館首頁

手機版館藏查詢

Back

Switch To: Labeled | MARC Mode | ISBD

Essays in international trade and fi...

Wu, Yi.

Linked to FindBook

Google Book

Amazon

博客來

Essays in international trade and finance (China).

Record Type:	Electronic resources : Monograph/item
Title/Author:	Essays in international trade and finance (China)./
Author:	Wu, Yi.
Description:	136 p.
Notes:	Source: Dissertation Abstracts International, Volume: 65-09, Section: A, page: 3492.
Contained By:	Dissertation Abstracts International65-09A.
Subject:	Economics, General. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3148633
ISBN:	0496073435

Essays in international trade and finance (China).
Wu, Yi.

Essays in international trade and finance (China). - 136 p.

Source: Dissertation Abstracts International, Volume: 65-09, Section: A, page: 3492.

Thesis (Ph.D.)--Georgetown University, 2004.

Some observers have blamed crony capitalism as an underlying cause of the Asian financial crisis. However, formal theoretical studies on this topic are limited. In the first chapter, I introduce crony capitalism into an extended Obstfeld self-fulfilling currency crisis model. The model shows that higher corruption generally raises the likelihood of the existence of a self-fulfilling crisis equilibrium and leads to larger currency devaluation when crises happen. However, the relationship is not always monotonic.

ISBN: 0496073435Subjects--Topical Terms:

1017424
Economics, General.

Essays in international trade and finance (China).
LDR:02950nmm 2200289 4500 001 1837737
005 20050506073155.5
008 130614s2004 eng d
020 $a 0496073435
035 $a (UnM)AAI3148633
035 $a AAI3148633
040 $a UnM $c UnM
100 1 $a Wu, Yi. $3 1672879
245 1 0 $a Essays in international trade and finance (China).
300 $a 136 p.
500 $a Source: Dissertation Abstracts International, Volume: 65-09, Section: A, page: 3492.
500 $a Adviser: Robert E. Cumby.
502 $a Thesis (Ph.D.)--Georgetown University, 2004.
520 $a Some observers have blamed crony capitalism as an underlying cause of the Asian financial crisis. However, formal theoretical studies on this topic are limited. In the first chapter, I introduce crony capitalism into an extended Obstfeld self-fulfilling currency crisis model. The model shows that higher corruption generally raises the likelihood of the existence of a self-fulfilling crisis equilibrium and leads to larger currency devaluation when crises happen. However, the relationship is not always monotonic.
520 $a The second chapter re-examines the Houthakker-Magee effect using an intertemporal setup. The Houthakker-Magee effect implies that a country facing unfavorable income elasticities in trade must either grow at a slower rate than its trading partners or experience a trend worsening of the current account and/or depreciation of the real exchange rate. Some authors have argued that the conventional income elasticities are not structural parameters. In particular, Krugman (1989) first documented the existence of a '45-degree rule' under which relative income elasticities are systematically related to relative growth rates. In this paper, I develop an intertemporal current account model that links the two in a way that depends on the elasticity of substitution between home and foreign goods. Krugman's original 45-degree rule turns out to be a special case of this more general setup. Empirical tests are supportive of the model.
520 $a The third chapter (with Shang-Jin Wei) studies the impact of globalization on income inequality using two data sets on regions and households from China. In response to an increase in openness, we find that (a) urban-rural income inequality tends to decline, (b) inequality within a city tends to rise, and (c) inequality within a rural area tends to decline. Putting together the three pieces of information, we find that greater openness contributes a (modest) reduction in the overall inequality. The negative association between openness and inequality holds up when we apply a geography-based instrumental variable approach.
590 $a School code: 0076.
650 4 $a Economics, General. $3 1017424
690 $a 0501
710 2 0 $a Georgetown University. $3 1017582
773 0 $t Dissertation Abstracts International $g 65-09A.
790 1 0 $a Cumby, Robert E., $e advisor
790 $a 0076
791 $a Ph.D.
792 $a 2004
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3148633