If the Fed Acts, How Do You React? The Liftoff Effect on
Capital Flows IMF (2015-12-15)
After more than six years
of ultra-low interest rates, a Fed liftoff (rate hike) is just a matter of time.
This paper goes back to history to understand the spillover effect-or what is
termed in the paper as the 'liftoff' effect-o .. more |
The Globalization of Angel Investments: Evidence across
Countries NBER (2015-12-15)
This paper examines investments made
by 13 angel groups across 21 countries. We compare applicants just above and
below the funding cut-off and find that these angel investors have a positive
impact on the growth, performance, and .. more |
Exchange rates and the transmission of global liquidity BIS
(2015-12-15)
What is the economic impact of currency depreciation? Is it
expansionary or contractionary? Traditional arguments in the spirit of the
Mundell-Fleming model suggest that it is expansionary as it boosts net exports
and output. But .. more |