WorldCat Identities

Goldberg, Linda S.

Overview
Works: 43 works in 95 publications in 1 language and 1,082 library holdings
Genres: Conference proceedings 
Roles: Editor, Creator
Classifications: HF1359, 337
Publication Timeline
Key
Publications about  Linda S Goldberg Publications about Linda S Goldberg
Publications by  Linda S Goldberg Publications by Linda S Goldberg
Most widely held works by Linda S Goldberg
Topics in empirical international economics : a festschrift in honor of Robert E. Lipsey by Magnus Blomström ( Book )
12 editions published between 2001 and 2009 in English and held by 546 WorldCat member libraries worldwide
In this timely volume emanating from the National Bureau of Economic Research's program in international economics, leading economists address recent developments in three important areas. The first section of the book focuses on international comparisons of output and prices, and includes papers that present new measures of product market integration, new methodology to infer relative factor price changes from quantitative data, and an ongoing capital stock measurement project. The next section features articles on international trade, including such significant issues as deterring child labo
Obstacles to trade and competition by Janusz A Ordover ( Book )
6 editions published in 1993 in English and held by 278 WorldCat member libraries worldwide
The international role of the dollar and trade balance adjustment by Linda S Goldberg ( Book )
11 editions published in 2006 in English and held by 100 WorldCat member libraries worldwide
The pattern of international trade adjustment is affected by the continuing international role of the dollar and related evidence on exchange rate pass-through into prices. This paper argues that a depreciation of the dollar would have asymmetric effects on flows between the United States and its trading partners. With low exchange rate pass-through to U.S. import prices and high exchange rate pass-through to the local prices of countries consuming U.S. exports, the effect of dollar depreciation on real trade flows is dominated by an adjustment in U.S. export quantities, which increase as U.S. goods become cheaper in the rest of the world. Real U.S. imports are affected less because U.S. prices are more insulated from exchange rate movements -- pass-through is low and dollar invoicing is high. In relation to prices, the effects on the U.S. terms of trade are limited: U.S. exporters earn the same amount of dollars for each unit shipped abroad, and U.S. consumers do not encounter more expensive imports. Movements in dollar exchange rates also affect the international trade transactions of countries invoicing some of their trade in dollars, even when these countries are not transacting directly with the United States
When is U.S. bank lending to emerging markets volatile? by Linda S Goldberg ( Book )
13 editions published in 2001 in English and held by 80 WorldCat member libraries worldwide
"Using bank-specific data on U.S. bank claims on individual foreign countries since the mid-1980s, this paper (1) characterizes the size and portfolio diversification patterns of the U.S. banks engaging in foreign lending, and (2) econometrically explores the determinants of fluctuations in U.S. bank claims on a broad set of countries. U.S. bank claims on Latin American and Asian emerging markets, and on industrialized countries, are sensitive to U.S. macroeconomic conditions. When the United States grows rapidly, there is substitution between claims on industrialized countries and claims on the United States. The pattern of response of claims on emerging markets to U.S. conditions differs across banks of different sizes and across emerging market regions. Moreover, we find that, unlike U.S. bank claims on industrialized countries, claims on emerging markets are not highly sensitive to local country GDP and interest rates"--Federal Reserve Bank of New York web site
Exchange rate pass-through into import prices : a macro or micro phenomenon? by José Campa ( Book )
2 editions published between 2002 and 2004 in English and held by 6 WorldCat member libraries worldwide
Exchange rate regime optimality, as well as monetary policy effectiveness, depends on the tightness of the link between exchange rate movements and import prices. Recent debates hinge on whether producer-currency-pricing (PCP) or local currency pricing (LCP) of imports is more prevalent, and on whether exchange rate pass-through rates are endogenous to a country's macroeconomic conditions. We provide cross-country and time series evidence on both of these issues for the imports of twenty-five OECD countries. Across the OECD and especially within manufacturing industries, there is compelling evidence of partial pass-through in the short-run- rejecting both PCP and LCP. Over the long run, PCP is more prevalent for many types of imported goods. Higher inflation and exchange rate volatility are weakly associated with higher pass-through of exchange rates into import prices. However, for OECD countries, the most important determinants of changes in pass-through over time are microeconomic and relate to the industry composition of a country's import bundle
Exchange rates and local labor markets by Linda Goldberg ( Book )
1 edition published in 1999 in English and held by 5 WorldCat member libraries worldwide
We document the consequences of real exchange rate movements for the employment, hours, and hourly earnings of workers in manufacturing industries across individual states. Exchange rates have statistically significant wage and employment implications in these local labor markets. The importance and size of these dollar-induced effects vary considerably across industries and are more pronounced in some U.S. regions. In addition to the importance of exchange rate shocks, we confirm prior research results showing that relatively strong local conditions drive up wage in local industries, while anticipated future (positive) local shocks reduce current wages
Foreign direct investment, trade and real exchange rate linkages in Southeast Asia and Latin America by Linda S Goldberg ( Book )
1 edition published in 1997 in English and held by 5 WorldCat member libraries worldwide
We investigate the relationships among trade, foreign direct investment and the real exchange rate between a set of Southeast Asian and Latin American countries and both the United States and Japan. Foreign direct investment by both Japan and the United States to the Southeast Asian countries in our sample is significantly affected by bilateral real exchange rates. Also, trade between the countries in our sample and the United States and Japan is significantly affected by foreign direct investment. These sets of relationships, between the real exchange rate and foreign direct investment, and between foreign direct investment and trade, support two channels through which the real exchange rate affects trade: a direct effect on the relative price of goods and an indirect effect through foreign direct investment
Exchange rates and wages by Linda Goldberg ( Book )
1 edition published in 2001 in English and held by 4 WorldCat member libraries worldwide
The effects of exchange rate fluctuations across the population is an important issue for increasingly globalized economies. Previous studies using industry aggregate data have found differences across industries in the labor market implications of exchange rates, reporting that industry wages are significantly more responsive than industry employment. We offer an explanation for this paradoxical finding. Using Current Population Survey data for 1976 through 1998, we document that the main mechanism for exchange rate effects on wages occurs through job turnover and the strong consequences this has for the wages of workers undergoing such job transitions. By contrast, workers who remain with the same employer experience little if any wage impacts from exchange rate shocks. In addition, we find that the least educated workers who also have the most frequent job changes shoulder the largest adjustments to exchange rates
International trade and factor mobility : an empirical investigation by Linda S Goldberg ( Book )
1 edition published in 1999 in English and held by 4 WorldCat member libraries worldwide
Foreign Direct Investment (FDI) has been growing rapidly, at a pace far exceeding the growth in international trade. Thus, a full understanding of the relationship between trade in goods and FDI is important for obtaining a complete picture of the extent and sources of international linkages. We investigate whether FDI serves as a complement to trade or a substitute for trade based on the effects identified by the Rybczynski theorem whereby an increase in a factor of production used intensively in one sector affects production both in that sector and in other sectors. Using detailed data on bilateral capital and trade flows between the United States and individual Latin American countries, we examine the linkages between FDI into particular sectors of Latin American economies and the net exports of those and other manufacturing sectors. We find that FDI from the United States can lead to significant, and varied, shifts in the composition of activity in many Latin American countries and across many manufacturing industries
Gender differences in the labor market effects of the dollar by Linda S Goldberg ( Book )
3 editions published in 2001 in English and held by 4 WorldCat member libraries worldwide
Although the dollar has been shown to influence the expected wages of workers, the analysis to date has focused on the male workforce. We show that exchange rate fluctuations also have important implications for women's wages. The dominant wage effects for women--like those for men--arise at times of job transition. Changes in the value of the dollar can cause the wage gap between women who change jobs and women who stay on in their jobs to expand or contract sharply, with the most pronounced effects occurring among the least educated women and women in highly competitive manufacturing industries. In addition, it appears that women who stay on in their jobs show greater wage sensitivity to currency movements than do their male counterparts
Banking globalization, monetary transmission, and the lending channel by Nicola Cetorelli ( )
2 editions published in 2008 in English and held by 3 WorldCat member libraries worldwide
The globalization of banking in the United States is influencing the monetary transmission mechanism both domestically and in foreign markets. Using quarterly information from all U.S. banks filing call reports between 1980 and 2006, we show that globalized banks activate internal capital markets with their overseas affiliates to insulate themselves partially from changes in domestic liquidity conditions. The existence of these internal capital markets directly contributes to an international propagation of domestic liquidity shocks to lending by affiliated banks abroad. While these results imply a substantially more active lending channel than documented in Kashyap and Stein (2000), they also imply that the lending channel within the United States is declining in strength as banking becomes more globalized and monetary transmission abroad likewise increases in strength. -- Lending channel ; bank ; global ; liquidity ; transmission ; internal capital markets
Distribution margins, imported inputs, and the sensitivity of the CPI to exchange rates by Linda S Goldberg ( Book )
2 editions published in 2006 in English and held by 3 WorldCat member libraries worldwide
Border prices of traded goods are highly sensitive to exchange rates, but the CPI, and the retail prices of these goods, are more stable. Our paper decomposes the sources of this stability for twenty-one OECD countries, focusing on the important roles of distribution margins and imported inputs in transmitting exchange rate fluctuations into consumption prices. We provide rich cross-country and cross-industry details on distribution margins and their sensitivity to exchange rates, imported inputs used in different categories of consumption goods, and weights in consumption of nontradables, home tradables and imported goods. While distribution margins damp the sensitivity of consumption prices of tradable goods to exchange rates, they also lead to enhanced pass through when nontraded goods prices are sensitive to exchange rates. Such price sensitivity arises because imported inputs are used in production of home nontradables. Calibration exercises show that, at under 5 percent, the United States has the lowest expected CPI sensitivity to exchange rates of all countries examined. On average, calibrated exchange rate pass through into CPIs is expected to be closer to 15 percent
Measuring external openness : the index of effective exposure by Linda S Goldberg ( Book )
3 editions published in 1990 in English and held by 3 WorldCat member libraries worldwide
Financial-sector foreign direct investment and host countries new and old lessons by Linda S Goldberg ( )
2 editions published in 2004 in English and held by 3 WorldCat member libraries worldwide
"Many of the lessons from foreign direct investment (FDI) research on manufacturing and extractive resource industries are applicable to FDI research on the financial sector. This paper summarizes the main findings and policy themes of FDI research, with a primary focus on the implications of FDI for host countries, especially emerging market economies. I review evidence of technology transfers, productivity spillovers, wage effects, macroeconomic growth, and fiscal and tax concerns. Throughout this paper, I stress that parallel findings often arise from studies of general FDI and studies of financial-sector FDI. I also emphasize important differences between the effects of FDI in these sectors, especially with regard to local institution building and business cycles. These differences -- more so than the similarities -- should be the focus of research efforts"--Federal Reserve Bank of New York web site
Does foreign ownership contribute to sounder banks in emerging markets? the Latin American experience by Jennifer S Crystal ( Book )
2 editions published in 2001 in English and held by 3 WorldCat member libraries worldwide
Foreign bank entrants into emerging markets are usually thought to improve the condition and performance of acquired institutions, and more generally to enhance local financial stability. Here use bank-specific data for a range of Latin American countries since the mid-1990s is used to address elements of this claim. Across the seven largest countries, the financial strength ratings of local banks acquired by foreign entities generally show a slight improvement relative to their domestic counterparts. More in-depth case studies of Chile, Colombia, and Argentina do not indicate striking differences in health between larger foreign and domestic retail-oriented banks (although state banks are noticeably weaker). However, foreign banks often have higher average loan growth, higher average provisioning expense, and greater loss-absorption capacity. These results suggest that foreign ownership may provide important positive influences on the stability and development of emerging market banking systems
Study guide to accompany Krugman, Obstfeld, Melitz International economics, theory & policy, ninth edition by Linda S Goldberg ( Book )
1 edition published in 2012 in English and held by 2 WorldCat member libraries worldwide
Central bank dollar swap lines and overseas dollar funding costs by Linda S Goldberg ( )
2 editions published in 2010 in English and held by 2 WorldCat member libraries worldwide
Following a scarcity of dollar funding available internationally to banks and financial institutions, in December 2007 the Federal Reserve began to establish or expand Temporary Reciprocal Currency Arrangements with fourteen foreign central banks. These central banks had the capacity to use these swap facilities to provide dollar liquidity to institutions in their jurisdictions. This paper presents the developments in the dollar swap facilities through the end of 2009. The facilities were a response to dollar funding shortages outside the United States during a period of market dysfunction. Formal research, as well as more descriptive accounts, suggests that the dollar swap lines among central banks were effective at reducing the dollar funding pressures abroad and stresses in money markets. The central bank dollar swap facilities are an important part of the toolbox for dealing with systemic liquidity disruptions. -- Banks ; foreign exchange ; swap ; reciprocal currency arrangement ; liquidity ; dollar
Foreign and domestic bank participation in emerging markets : lessons from Mexico and Argentina by Linda S Goldberg ( Book )
1 edition published in 2000 in English and held by 2 WorldCat member libraries worldwide
The Asian Crisis has highlighted the importance of strong domestic financial systems in overall economic development and stabilization. Less agreement is evident on the role of foreign banks in achieving this goal. We explore this issue by studying bank-specific data on lending by domestically- and foreign-owned banks in Argentina and Mexico. We find that foreign banks generally have had higher loan growth rates than their domestically-owned counterparts, with lower volatility of lending, contributing to lower overall volatility of credit. Additionally, in both countries, foreign banks show notable credit growth during crisis periods. In Argentina, the loan portfolios of foreign and domestic privately-owned banks are similar, and lending rates analogously respond to aggregate demand fluctuations. In Mexico, foreign and domestic banks with lower levels of impaired assets have similar loan responsiveness and portfolios. State-owned banks (Argentina) and banks with high levels of impaired assets (Mexico) have more stagnant loan growth and weak responsiveness to market signals. Overall, these findings suggest that bank health, and not ownership per se, is the critical element in the growth, volatility, and cyclicality of bank credit. Diversity in ownership appears to contribute to greater stability of credit in times of crisis and domestic financial system weakness
Micro, macro, and strategic forces in international trade invoicing by Linda S Goldberg ( )
2 editions published between 2009 and 2010 in English and held by 2 WorldCat member libraries worldwide
The use of different currencies in the invoicing of international trade transactions plays a major role in the international transmission of economic fluctuations. Existing studies argue that an exporter's invoicing choice reflects structural aspects of her industry, such as market share and the price-sensitivity of demand, the hedging of marginal costs, due for instance to the use of imported inputs, and macroeconomic volatility. We use a new highly disaggregated dataset to assess the roles of the various invoicing determinants. We find support for the factors identified in the literature, and document a new feature, in the form of a link between shipments size and invoicing. Specifically, larger transactions are more likely to be invoiced in the importer's currency. We offer a potential theoretical explanation for the empirical link between transaction size and invoicing by allowing invoicing to be set through a bargaining between exporters and importers, a feature that is absent from existing models despite its empirical relevance
Follow the money quantifying domestic effects of foreign bank shocks in the great recession by Nicola Cetorelli ( )
2 editions published in 2012 in English and held by 2 WorldCat member libraries worldwide
Foreign banks pulled signifi cant funding from their U.S. branches during the Great Recession. We estimate that the average-sized branch experienced a 12 percent net internal fund "withdrawal," with the fund transfer disproportionately bigger for larger branches. This internal shock to the balance sheets of U.S. branches of foreign banks had sizable effects on their lending. On average, for each dollar of funds transferred internally to the parent, branches decreased lending supply by about forty to fifty cents. However, the extent of the lending effects was very different across branches, depending on their precrisis modes of operation in the United States. -- bank ; global ; liquidity ; transmission ; capital markets ; crisis ; branch
 
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Alternative Names
Goldberg, L.
Goldberg, Linda
Goldberg, Linda (Linda S.)
Languages
English (70)
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