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Volatility and Growth

Philippe Aghion and Abhijit Banerjee

Published in print:
2005
Published Online:
January 2007
ISBN:
9780199248612
eISBN:
9780191714719
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199248612.001.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

It has long been recognized that productivity growth and the business cycle are closely interrelated. Yet, until recently, the two phenomena have been investigated separately in the economics ... More


The Third Generation Approach to Currency Crises

Phillippe Aghion and Abhijit Banerjee

in Volatility and Growth

Published in print:
2005
Published Online:
January 2007
ISBN:
9780199248612
eISBN:
9780191714719
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199248612.003.0007
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter presents a highly stylized model, based on limited access to credit that can explain why an economy that is carrying a large amount of foreign currency debt might be vulnerable to ... More


Deep Integration and Trade Agreements: Good for Developing Countries?

Nancy Birdsall and Robert Z. Lawrence

in Global Public Goods: International Cooperation in the 21st Century

Published in print:
1999
Published Online:
November 2003
ISBN:
9780195130522
eISBN:
9780199867363
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0195130529.003.0008
Subject:
Economics and Finance, Public and Welfare

This chapter looks at financial crises as a challenge to the international financial system and investigates the “public bad” nature of the phenomenon. The conclusion: excessive financial volatility ... More


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