WorldCat Identities

Glick, Reuven

Works: 131 works in 460 publications in 1 language and 2,909 library holdings
Genres: Case studies  Conference papers and proceedings  Essays 
Roles: Author, Editor, Other
Publication Timeline
Most widely held works by Reuven Glick
Financial crises in emerging markets by Reuven Glick( Book )

21 editions published between 2001 and 2010 in English and Undetermined and held by 329 WorldCat member libraries worldwide

This 2001 book looks at numerous financial crises, beginning with Mexico in 1994-1995, the Asian crisis of 1997-1998, and the crises in Russia, Brazil, and other Latin American countries in 1998-1999. Such contemporary crises illustrate the risks of financial volatility and macroeconomic instability during the process of economic growth and development. They also raise issues regarding the management of risks associated with liberalization and global integration, particularly in financial markets. Concerns about the implications of international capital flows for developing countries have grown with the sharply increased volume of these flows since the late 1980s. The essays in this volume provide analysis and evidence on the determinants of currency and banking crises in emerging markets, the specific roles of capital flows and the financial sector, and the appropriateness of various policy responses
Managing capital flows and exchange rates : perspectives from the Pacific basin by Conference Managing Capital Flows and Exchange Rates: Lessons from the Pacific Basin( Book )

12 editions published between 1998 and 2011 in English and held by 316 WorldCat member libraries worldwide

"The essays in this volume examine the theoretical and policy issues associated with international capital flows and exchange rates for emerging markets in the Pacific Basin region. The essays address four broad issues. First, they investigate the determinants of international capital flows, particularly the relative role of domestic and external factors in driving capital flows. Second, they inquire how predictable and contagious capital flow reversals and exchange rate crises are. Third, they explore what the domestic economic effects of capital inflows on emerging economies have been and, fourth, seek to suggest what are the appropriate responses by policy makers to capital inflow surges."--Jacket
Economic perspectives on foreign borrowing and debt repudiation : an analytic literature review by Reuven Glick( Book )

12 editions published between 1986 and 1987 in English and held by 216 WorldCat member libraries worldwide

Endogenous nontradability and macroeconomic implications by Paul R Bergin( Book )

12 editions published in 2003 in English and held by 46 WorldCat member libraries worldwide

Abstract: International macroeconomic models long have had difficulty explaining the surprisingly low volatility of the relative price between traded and nontraded goods compared to real exchange rates. This apparent puzzle may reflect a restrictive way of thinking about the nature of nontraded goods. Rather than imposing an artificial dichotomy between traded and nontraded, we regard all goods as parts of a single continuum, where the margin between traded and nontraded is endogenous. This implies that their prices are linked together via a marginal good and a new equilibrium condition. A simple and transparent model is used to demonstrate this approach, featuring a small open economy where differentiated goods are heterogeneous in terms of their iceberg trade costs. The paper goes on to find implications for other basic macroeconomic issues, such as limiting the potency of real exchange rate movements to correct large current account imbalances
The micro-macro disconnect of purchasing power parity by Paul R Bergin( Book )

9 editions published between 2009 and 2010 in English and held by 15 WorldCat member libraries worldwide

The persistence of aggregate real exchange rates is a prominent puzzle, especially since international relative prices in microeconomic data adjust much faster. This paper finds that adjustment to the law of one price in disaggregated data is not just a faster version of the adjustment to purchasing power parity in the aggregate data; while aggregate real exchange rate adjustment works through the foreign exchange market, microeconomic adjustment works through the goods market. These distinct adjustment dynamics appear to arise from distinct classes of shocks generating micro and macro price deviations. A vector error correction model nesting aggregate and disaggregated relative prices permits identification of distinct macroeconomic and good-specific shocks. When half-lives are estimated conditional on shocks, the macro-micro disconnect puzzle disappears: microeconomic relative prices adjust to macro shocks just as slowly as do aggregate real exchange rates. These results provide evidence against theories of real exchange rate behavior based on sticky prices and on heterogeneity across goods
Currency unions and trade : a post-EMU mea culpa by Reuven Glick( Book )

9 editions published in 2015 in English and held by 11 WorldCat member libraries worldwide

In our European Economic Review (2002) paper, we used pre-1998 data on countries participating in and leaving currency unions to estimate the effect of currency unions on trade using (then- ) conventional gravity models. In this paper, we use a variety of empirical gravity models to estimate the currency union effect on trade and exports, using recent data which includes the European Economic and Monetary Union (EMU). We have three findings. First, our assumption of symmetry between the effects of entering and leaving a currency union seems reasonable in the data but is uninteresting. Second, EMU typically has a smaller trade effect than other currency unions; it has a mildly stimulating effect at best. Third and most importantly, estimates of the currency union effect on trade are sensitive to the exact econometric methodology; the lack of consistent and robust evidence undermines confidence in our ability to reliably estimate the effect of currency union on trade
Conditional PPP and Real Exchange Rate Convergence in the Euro Area by Paul R Bergin( Book )

4 editions published in 2016 in English and held by 2 WorldCat member libraries worldwide

While economic theory highlights the usefulness of flexible exchange rates in promoting adjustment in international relative prices, flexible exchange rates also can be a source of destabilizing shocks. We find that when countries joining the euro currency union abandoned their national exchange rates, the adjustment of real exchange rates toward purchasing power parity (PPP) became faster. To disentangle the possible causes for this finding we develop a novel methodology for conducting counterfactual simulations of an estimated VECM that distinguishes between the roles of the nominal exchange rate as an adjustment mechanism and as a source of shocks. We find evidence that prior to joining the euro currency union, member countries relied upon exchange rate adjustments as a mechanism to correct for PPP deviations arising from divergent domestic inflation rates. But the loss of the exchange rate as an adjustment mechanism after the introduction of the euro was more than compensated by the elimination of the exchange rate as a source of shocks, in combination with faster adjustment in national price indices. These findings support claims that flexible exchange rates are not necessary to promote long-run international relative price adjustment
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Audience level: 0.64 (from 0.58 for Economic p ... to 0.74 for Currency u ...)

Financial crises in emerging markets
Alternative Names
Glick, R. 1951-

Reuven Glick economist (Federal Reserve Bank of San Francisco)

Reuven Glick Wirtschaftswissenschaftler (Federal Reserve Bank of San Francisco)

גליק, ראובן

English (78)

Managing capital flows and exchange rates : perspectives from the Pacific basin