When good intentions go wrong: Effects of bank deregulation and governance on risk taking

Manuel Illueca, Lars Norden, Gregory F Udell, 26 June 2013

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The motivation of economic liberalisation is to foster competition in order to increase allocative efficiency, economic growth and social welfare. This paradigm hinges on the assumption that firms maximise value and that more competitors in a market automatically leads to more competition.

Topics: Europe's nations and regions, International finance
Tags: banking, liberalisation, Spain

Global imbalances: What role for the WTO?

Juan A. Marchetti, Michele Ruta, Robert Teh, 2 January 2013

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The world witnessed a large build-up of current account and merchandise trade imbalances, both in absolute and relative terms, prior to the global financial and economic crisis (see Table 1 and Figure 1). Current account/merchandise trade surpluses were most pronounced among the East Asian economies (e.g. China), oil exporters (e.g.

Topics: International trade
Tags: current account imbalances, liberalisation, trade, WTO

Trade and inequality: From theory to estimation

Oleg Itskhoki, Marc Muendler, Stephen Redding, Elhanan Helpman, 20 May 2012

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Until recently, research on the labour market effects of international trade has been heavily influenced by traditional theories such as the Heckscher-Ohlin and Specific Factors models. Those theories provide predictions about relative wages across skill groups or across occupations and sectors.

Topics: International trade, Poverty and income inequality
Tags: Brazil, Inequality, liberalisation, trade

Regulatory reform in services sectors: The missing explanation for the revival of Indian manufacturing?

Jens Matthias Arnold, Beata Javorcik, Molly Lipscomb, Aaditya Mattoo, 12 October 2010

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A vital element of India’s rapid economic growth since the early 1990s has been the impressive performance of its manufacturing industries. Output in manufacturing grew by 5.7% per year in the period 1993-2005, while exports grew at almost twice that rate (Reserve Bank of India 2008).

Topics: Development, International trade
Tags: India, international trade, liberalisation, services

The transformation of India: Incumbent control, reforms, and newcomers

Laura Alfaro, Anusha Chari, 12 December 2009

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The end of the license Raj and implementation of pro-market reforms in the 1980s and 1990s had far-reaching implications for India’s industrial structure. Significant sectors of the economy were opened up to private participation through industrial de-licensing and de-reservation measures.

Topics: Development
Tags: firms, India, liberalisation

Now is the time to reduce international trade and migration barriers

Kym Anderson, L Alan Winters, 21 April 2008

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In June 1930 the Smoot-Hawley tariff act in the US turned a stock market collapse into a crippling, decade-long Great Depression. Now, with a financial meltdown going on, is therefore NOT the time for politicians to be more protectionist.

Topics: International trade, Migration
Tags: Doha Round, liberalisation, migration barriers, protection, subsidies, trade negotiations

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