Detail Essays in international economics Bibliografi Author: Panagariya, Arvind (Advisor); Gupta, Poonam Topik: ECONOMICS; GENERAL|ECONOMICS; THEORY Bahasa: (EN )    ISBN: 0-599-20209-2     Penerbit: UNIVERSITY OF MARYLAND COLLEGE PARK     Tahun Terbit: 1998     Jenis: Theses - Dissertation Fulltext: 9920943.pdf (0.0B; 0 download) Abstract This dissertation consists of three essays in international economics. In the first essay behavior of an exporter is analyzed who chooses optimally between anti-dumping duty and price settlement. The analysis is cast in terms of a two-period model where in period two, there is a probability that, anti-dumping action may be taken. Solving recursively it is shown that anti-dumping duty is optimal for the firm when the dumping margin is high. The welfare implications of anti-dumping actions are found to be ambiguous. Comparative static results show that a stricter enforcement may actually worsen the welfare of the importing country. Second essay is a survey of the existing literature on the linkages between currency and banking crises. Besides the bailing out effect, banking sector fragility may cause currency crisis by causing a collapse in the demand for money. Causal links may also rim from the currency crisis to banking crisis. Devaluation of the currency may deteriorate the net asset position of the banks, while an expected devaluation may create liquidity problems for the banks by reducing the demand for deposits denominated in domestic currency. In the third essay a framework is developed to analyze some of these channels. A representative agent, infinite horizon, perfect foresight framework is used. Two cases are analyzed. First when the banks are perceived to be temporarily fragile and second when a currency crisis is perceived to take place at, some future date. It is shown that when the banks are fragile then the demand for cash decreases if the intertemporal elasticity of substitution is high. Which implies that the reserves are depleted bringing the currency crisis forward. In the case of an anticipated balance of payments crisis there is intertemporal substitution of consumption and demand for M2, cash and deposits increases. At, the time of the currency crisis, consumption collapses which results in a decline in the demand for money. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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