Business Cycles in Small Developed Economies: The Role of Terms of Trade and Foreign Interest Rate Shocks

2008 ◽  
Author(s):  
Jaime Guajardo
Keyword(s):  
Interest Rate ◽  
Business Cycles ◽  
Terms Of Trade ◽  
Developed Economies ◽  
Interest Rate Shocks

scholarly journals Inventories, Lumpy Trade, and Large Devaluations

2010 ◽  
Vol 100 (5) ◽  
pp. 2304-2339 ◽  
Author(s):  
George Alessandria ◽  
Joseph P Kaboski ◽  
Virgiliu Midrigan
Keyword(s):  
Interest Rate ◽  
Developing Economies ◽  
Gradual Increase ◽  
Terms Of Trade ◽  
Retail Price ◽  
Short Term ◽  
Empirical Measures ◽  
Economics Of Scale ◽  
Interest Rate Shocks ◽  
Tariff Equivalent

We document that delivery lags and transaction-level economics of scale matter for international trade, leading importers to import infrequently and hold additional inventory. In a model with these frictions calibrated to empirical measures of inventory and trade lumpiness, these frictions have a large (20 percent) tariff equivalent, mostly due to inventory carrying costs. These frictions also alter the dynamics of imports and prices. Consistent with evidence from large devaluation episodes in six developing economies, following terms-of-trade and interest rate shocks, the model generates a short-term implosion of imports and a gradual increase in the retail price of imports. (JEL D92, F14, G31, L81, M11)

scholarly journals Emerging economies business cycles: The role of commodity terms of trade news

2017 ◽  
Vol 108 ◽  
pp. 368-376 ◽  
Author(s):  
Nadav Ben Zeev ◽  
Evi Pappa ◽  
Alejandro Vicondoa
Keyword(s):  
Business Cycles ◽  
Emerging Economies ◽  
Terms Of Trade

Making gender visible in family business: past and present

2012 ◽  
Vol 13 (1) ◽  
Author(s):  
Paloma Fernández Pérez ◽  
Eleanor Hamilton
Keyword(s):  
Family Business ◽  
Family Firms ◽  
Business Leadership ◽  
Legal Rules ◽  
Developed Economies ◽  
The Family ◽  
Interdisciplinary Synthesis ◽  
Complex Forms ◽  
Rules Of The Game

This  study  contributes  to  developing  our understanding of gender and family business. It draws on studies from the business history and management literatures and provides an interdisciplinary synthesis. It illuminates the role of women and their participation in the entrepreneurial practices of the family and the business. Leadership is introduced as a concept to examine the roles of women and men in family firms, arguing that concepts used  by  historians or economists like ownership and management have served to make women ‘invisible’, at least in western developed economies in which owners and managers have been historically due to legal rules  of  the  game  men,  and  minoritarily women. Finally, it explores gender relations and  the  notion  that  leadership  in  family business  may  take  complex  forms  crafte within constantly changing relationships.

Interest Rate Shocks and Credit Risk

2009 ◽  
Author(s):  
Carlos González-Aguado ◽  
Javier Suarez
Keyword(s):  
Interest Rate ◽  
Credit Risk ◽  
Interest Rate Shocks
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