Aizenman, JoshuaOverview
Publication Timeline
Most widely held works by
Joshua Aizenman
Managing economic volatility and crises : a practitioner's guide
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Book
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9 editions published between 2005 and 2010 in English and held by 248 libraries worldwide This collection explores the phenomenon of economic volatility, which studies show had adverse effects on long-run growth, especially in poor countries. Its contribution is to bring together concepts, empirical results, and policy recommendations in a relatively new field in economics.
Volatility and the welfare costs of financial market integration
by Pierre-Richard Agénor
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Book
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10 editions published in 1998 in English and No Linguistic content and held by 109 libraries worldwide
Contagion, bank lending spreads, and output fluctuations
by Pierre-Richard Agénor
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Book
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12 editions published between 1998 and 1999 in English and No Linguistic content and held by 107 libraries worldwide A positive historical shock to external spreads can lead to an increase in domestic spreads and a reduction in the cyclical component of output. Shocks to external spreads immediately after the Mexican peso crisis had a sizable effect on movements in output and domestic interest rate spreads in Argentina.
Privatization in emerging markets
by Joshua Aizenman
(
Book
)
7 editions published in 1998 in English and No Linguistic content and held by 100 libraries worldwide
Contagion and volatility with imperfect credit markets
by Pierre-Richard Agénor
(
Book
)
13 editions published in 1997 in English and No Linguistic content and held by 96 libraries worldwide
Financial versus monetary mercantilism-long-run view of large international reserves hoarding
by Joshua Aizenman
(
Book
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12 editions published between 2006 and 2007 in English and held by 93 libraries worldwide The sizable hoarding of international reserves by several East Asian countries has been frequently attributed to a modern version of monetary mercantilism-hoarding international reserves in order to improve competitiveness. From a long-run perspective, manufacturing exporters in East Asia adopted financial mercantilism-subsidizing the cost of capital- during decades of high growth. They switched to hoarding large international reserves when growth faltered, making it harder to disentangle the monetary mercantilism from a precautionary response to the heritage of past financial mercantilism. Monetary mercantilism also lowers the cost of hoarding through its short-term boost to external competitiveness, but may be associated with negative externalities leading to competitive hoarding.
Macroeconomic adjustment with segmented labor markets
by Pierre-Richard Agénor
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Book
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11 editions published in 1994 in English and held by 92 libraries worldwide
The credit crunch in East Asia : what can bank excess liquid assets tell us
by Pierre-Richard Agénor
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Book
)
13 editions published in 2000 in English and held by 92 libraries worldwide A two-step approach is used to assess the extent to which the credit crunch in East Asia was supply- or demand-driven. The results for Thailand suggest that the contraction in bank lending that accompanied the crisis was the result of supply factors.
Savings and the terms of trade under borrowing constraints
by Pierre-Richard Agénor
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Book
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14 editions published in 2000 in English and No Linguistic content and held by 91 libraries worldwide When households face the possibility of borrowing constraints in bad times, favorable movements in the permanent component of the terms of trade may lead to higher rates of private savings.
Optimal tax and debt policy with endogenously imperfect creditworthiness
by Joshua Aizenman
(
Book
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6 editions published in 1996 in English and No Linguistic content and held by 86 libraries worldwide
Capital mobility in a second best world : moral hazard with costly financial intermediation
by Joshua Aizenman
(
Book
)
9 editions published between 1998 and 2001 in English and No Linguistic content and held by 86 libraries worldwide
Volatility and financial intermediation
by Joshua Aizenman
(
Book
)
6 editions published in 1997 in English and No Linguistic content and held by 84 libraries worldwide
International portfolio diversification with generalized expected utility preferences
by Joshua Aizenman
(
Book
)
7 editions published in 1997 in English and No Linguistic content and held by 83 libraries worldwide
Reserve requirements on sovereign debt in the presence of moral hazard--on debtors or creditors
by Joshua Aizenman
(
Book
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8 editions published between 1999 and 2001 in English and No Linguistic content and held by 82 libraries worldwide
Foreign direct investment, employment volatility, and cyclical dumping
by Joshua Aizenman
(
Book
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8 editions published in 1994 in English and held by 82 libraries worldwide
Capital markets integration, volatility and persistence
by Joshua Aizenman
(
Book
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8 editions published in 1995 in English and No Linguistic content and held by 81 libraries worldwide
Investment in new activities and the welfare cost of uncertainty
by Joshua Aizenman
(
Book
)
6 editions published in 1995 in English and No Linguistic content and held by 81 libraries worldwide
Why is inflation skewed? : a debt and volatility story
by Joshua Aizenman
(
Book
)
8 editions published in 1994 in English and held by 79 libraries worldwide
Resource allocation during the transition to a market economy : policy implications of supply bottlenecks and adjustment costs
by Joshua Aizenman
(
Book
)
10 editions published in 1993 in English and held by 79 libraries worldwide The paper discusses the case against a laissez faire approach to resource allocation and develops a model of supply bottlenecks. It argues that: (1) once budget constraints are hardened and credit markets begin to function appropriately, externalities associated with production bottlenecks and adjustment costs--other considerations aside--provide a case for subsidizing the costs of critical inputs for the state sector but not the new private sector; (2) the optimal subsidy declines as the private sector grows; and (3) the subsidy should be "financed" by taxing wage income in the state sector, which will strengthen incentives for workers to move.
Exchange rate flexibility, volatility, and the patterns of domestic and foreign direct investment
by Joshua Aizenman
(
Book
)
11 editions published between 1992 and 1993 in English and held by 77 libraries worldwide This paper investigates the factors determining the impact of exchange rate regimes on the behavior of domestic investment and foreign direct investment (FDI). Producers may diversify internationally in order to increase the flexibility of production. We characterize the possible equilibria in a macro model that allows for the presence of a short-run Phillips curve. It is shown that a fixed exchange rate regime is more conductive to FDI relative to a flexible exchange rate, and this conclusion applies for both real and nominal shocks. If the dominant shocks are nominal (real) we will observe a negative (a positive) correlation between exchange rate volatility and the level of investment. more
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Audience Level
 Related IdentitiesAssociated Subjects
Bank loans--Econometric models Business cycles Business cycles--Econometric models Capital market--Econometric models Capital movements Capital movements--Econometric models Commercial policy Credit--Econometric models Debts, External Debts, External--Econometric models Debts, External--Mathematical models Debts, Public--Mathematical models Default (Finance)--Econometric models Developing countries East Asia Economic development Economic development--Mathematical models Economic history Economic policy Economic policy--Econometric models Externalities (Economics)--Econometric models Finance Finance, Public--Econometric models Financial crises Financial crises--Econometric models Fiscal policy Fiscal policy--Econometric models Foreign exchange Foreign exchange--Mathematical models Foreign exchange rates Foreign exchange rates--Econometric models Free trade Global Financial Crisis (2008-2009) Globalization Inflation (Finance)--Econometric models Interest rates--Econometric models Intermediation (Finance) Intermediation (Finance)--Econometric models International finance International trade--Econometric models Investments, Foreign Investments, Foreign--Econometric models Investments, Foreign--Mathematical models Korea (South) Monetary policy Production functions (Economic theory) Reserves (Accounting) Saving and investment United States Wages--Mathematical models
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Alternative Names
Aizenman, J. 1949-
Aizenman, J. (Joshua)
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