WorldCat Identities

Schindler, Martin

Overview
Works: 20 works in 101 publications in 1 language and 3,300 library holdings
Roles: Author, Editor
Classifications: HG3881, 330.05
Publication Timeline
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Most widely held works by Martin Schindler
Jobs and growth : supporting the European recovery by Martin Schindler( )

10 editions published in 2014 in English and held by 883 WorldCat member libraries worldwide

Collection of research providing guideposts toward offering opportunities for stronger and better-balanced growth and employment in postcrisis Europe
Controlling capital? : legal restrictions and the asset composition of international financial flows by Mahir Binici( )

12 editions published in 2009 in English and held by 492 WorldCat member libraries worldwide

How effective are capital account restrictions? We provide new answers based on a novel panel data set of capital controls, disaggregated by asset class and by inflows/outflows, covering 74 countries during 1995-2005. We find the estimated effects of capital controls to vary markedly across the types of capital controls, both by asset categories, by the direction of flows, and across countries' income levels. In particular, both debt and equity controls can substantially reduce outflows, with little effect on capital inflows, but only high-income countries appear able to effectively impose debt (outflow) controls. The results imply that capital controls can affect both the volume and the composition of capital flows
Growth and structural reforms : a new assessment by Lone Engbo Christiansen( )

9 editions published between 2006 and 2009 in English and held by 483 WorldCat member libraries worldwide

This paper presents a simultaneous assessment of the relationship between economic performance and three groups of economic reforms: domestic finance, trade, and the capital account. Among these, domestic financial reforms, and trade reforms, are robustly associated with economic growth, but only in middle-income countries. In contrast, we do not find any systematic positive relationship between capital account liberalization and economic growth. Moreover, the effect of domestic financial reforms on economic growth in middle-income countries is explained by improvements in measured aggregate TFP growth, not by higher aggregate investment. We present evidence that variation in the quality of property rights helps explain the heterogeneity of the effectiveness of financial and trade reforms in developing countries. The evidence suggests that sufficiently developed property rights are a precondition for reaping the benefits of economic reform. Our results are robust to endogeneity bias and a number of alternative specifications
Who benefits from capital account liberalization? : evidence from firm-level credit ratings data by Alessandro Prati( )

14 editions published in 2009 in English and held by 471 WorldCat member libraries worldwide

We provide new firm-level evidence on the effects of capital account liberalization. Based on corporate foreign-currency credit ratings data and a novel capital account restrictions index, we find that capital controls can substantially limit access to, and raise the cost of, foreign currency debt, especially for firms without foreign currency revenues. As an identification strategy, we exploit, via a difference-in-difference approach, within-country variation in firms' access to foreign currency, measured by whether or not a firm belongs to the nontradables sector. Nontradables firms benefit substantially more from capital account liberalization than others, a finding that is robust to a broad range of alternative specifications
Equilibrium wage dispersion : an example by Damien Gaumont( )

8 editions published in 2006 in English and held by 453 WorldCat member libraries worldwide

Search models with posting and match-specific heterogeneity generate wage dispersion. Given K values for the match-specific variable, it is known that there are K reservation wages that could be posted, but generically never more than two actually are posted in equilibrium. What is unknown is when we get two wages, and which wages are actually posted. For an example with K = 3, we show equilibrium is unique; may have one wage or two; and when there are two, the equilibrium can display any combination of posted reservation wages, depending on parameters. We also show how wages, profits, and unemployment depend on productivity
Capital control measures : a new dataset by Andrés Fernández( )

9 editions published in 2015 in English and held by 127 WorldCat member libraries worldwide

Cover; Abstract; Contents; I. Introduction; II. Constructing the Capital Control Indicators; TABLES; Table 1: Asset and Transaction Categories for Capital Control Measures; III. Characteristics of the Capital Control Indicators; FIGURES; Figure 1: Proportion of Observations with Controls; Table 2: Countries In Data Set, By Income Groups, With Open/Gate/Wall Category; Table 3: Prevalence of Controls, 100 Countries, 1995 - 2013, by Asset Sub-Categories; Table 4: Cross-Category Correlations, All 100 Countries, 1995-2013; Table 5A: Cross-Category Correlations, 47 Gate Countries, 1995-2013
The Italian labor market : recent trends, institutions and reform options by Martin Schindler( )

9 editions published in 2009 in English and held by 116 WorldCat member libraries worldwide

Despite improvements in labor market performance over the past decade, owing in part to past reforms, Italy's employment and productivity outcomes continue to lag behind those of its European peers. This paper reviews Italy's institutional landscape and labor market trends from a cross-country perspective, and discusses possible avenues for further reform. The policy discussion draws on international reform experience and on simulations based on a calibrated labor market matching model. A key lesson is that the details of reform design, and the sequencing of reforms, matter greatly for labor market outcomes and for the fiscal costs associated with these reforms
Labor market regulations in low-, middle- and high-income countries : a new panel database by Mariya Aleksynska( )

2 editions published in 2011 in English and held by 66 WorldCat member libraries worldwide

This paper documents a new database of labor market regulations during 1980-2005 in 91 countries, including low-, middle- and high-income countries, and contains information on unemployment insurance systems, minimum wage regulations, and employment protection legislation. In this paper, we provide details regarding the data, methodology and sources. Descriptive statistics indicate that there exists substantial heterogeneity in labor market institutions across regions and income groupings, and that much of the sample variation is driven by institutional changes over time in low- and middle-income countries. All indicators are at an annual frequency, allowing for the dating of major changes in regulation, and are based on data from a variety of sources, including the ILO, OECD and national agencies
Alternative models of wage dispersion by Damien Gaumont( Book )

6 editions published in 2005 in English and held by 65 WorldCat member libraries worldwide

We analyze labor market models where the law of one price does not hold-that is, models with equilibrium wage dispersion. We begin by assuming workers are ex ante heterogeneous, and highlight a flaw with this approach: if search is costly, the market shuts down. We then assume workers are homogeneous, but matches are ex post heterogeneous. This model is robust to search costs, and it delivers equilibrium wage dispersion. However, we prove the law of two prices holds: generically, we cannot get more than two wages. We explore several other models, including one combining ex ante and ex post heterogeneity, which is robust and can deliver more than two-point wage distributions
Wage moderation in crises : policy considerations and applications to the Euro Area by Jörg Decressin( )

2 editions published in 2015 in English and held by 42 WorldCat member libraries worldwide

The paper studies the impacts of wage moderation in the euro area. Simulation results show that if a single euro area crisis-hit economy undertakes wage moderation, the impact on output is positive for that economy and for the entire euro area. If all crisis-hit economies undertake wage moderation together, their output still expands, albeit to a lesser degree. If the wage moderation is accompanied by cuts in policy interest rates by the central bank---and by quantitative easing once interest rates hit the zero lower bound---then output for the entire euro area expands as well
Thailand : selected issues by Giovanni Dell'Ariccia( )

3 editions published in 2006 in English and held by 37 WorldCat member libraries worldwide

Annotation
Fiscal multipliers by Antonio Spilimbergo( )

6 editions published in 2009 in English and Undetermined and held by 36 WorldCat member libraries worldwide

This note provides background information for policymakers on fiscal multipliers, including quantitative estimates (see table at the end)
Fiscal Policy in Sub-Saharan Africa in Response to the Impact of the Global Crisis by Shamsuddin Tareq( )

3 editions published in 2009 in English and held by 18 WorldCat member libraries worldwide

Reaping the benefits of financial globalization by Giovanni Dell'Ariccia( Book )

2 editions published in 2008 in English and held by 4 WorldCat member libraries worldwide

"Financial globalization has increased dramatically over the past three decades, particularly different capital control regimes, as well as from a range of persistent factors, including different degrees of institutional quality and domestic financial development. While, in principle, financial globalization should enhance international risk sharing, reduce macroeconomic volatility, and foster economic growth, in practice its effects are less clear-cut. Countries gain or lose from financial integration depending on their domestic economic and institutional conditions. The results in this Occasional Paper are broadly supportive of an approach envisaging a gradual and orderly sequencing of external financial liberalization and emphasizing the desirability of complementary reforms in macroeconomic policy framework and the domestic financial system as essential components of a successful liberalization strategy"--Preface (v.)
Capital control measures a new dataset( )

1 edition published in 2015 in English and held by 2 WorldCat member libraries worldwide

This paper presents and describes a new dataset of capital control restrictions on both inflows and outflows of 10 categories of assets for 100 countries over the period 1995 to 2013. Building on the data first presented in Schindler (2009) and other datasets based on the analysis of the IMF's Annual Report on Exchange Arrangements and Exchange Restrictions (AREAER), this dataset includes additional asset categories, more countries, and a longer time period. The paper discusses the manner in which information in the AREAER is translated into a usable dataset. The paper additionally characterizes the data with respect to the prevalence of controls across asset categories, the correlation of controls across asset categories and between controls on inflows and controls on outflows, the aggregation of the separate categories into broader indicators, and the comparison of this dataset with other indicators of capital controls
Capital controls and the cost of debt by Eugenia Andreasen( )

1 edition published in 2015 in English and held by 1 WorldCat member library worldwide

Sweden selected issues paper by Nathaniel Arnold( )

1 edition published in 2014 in English and held by 1 WorldCat member library worldwide

Capital controls and the cost of debt by Eugenia Andreasen( )

1 edition published in 2015 in English and held by 1 WorldCat member library worldwide

Global shocks and their impact on low-income countries : lessons from the global financial crisis( )

1 edition published in 2011 in English and held by 1 WorldCat member library worldwide

This paper investigates the short-run effects of the 2007-09 global financial crisis on growth in (mainly non-fuel exporting) low-income countries (LICs). Four conclusions stand out. First, for many individual LICs, 2009 was not extraordinarily calamitous; however, aggregate LIC output declined sharply because LICs were unusually synchronized. Second, the growth declines are on average well explained by the decline in export demand. Third, if the external environment facing LICs improves as forecast, their growth should rebound sharply. Finally, and contrary to received wisdom, there are few robust relationships between the cross-country growth variation and the policy and structural environment; the main exceptions are reserve coverage and labor-market flexibility
Global shocks and their impact on low-income countries : lessons from the global financial crisis( )

1 edition published in 2011 in English and held by 1 WorldCat member library worldwide

 
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Reaping the benefits of financial globalization
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