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Rose, Andrew 1959-

Works: 190 works in 1,145 publications in 1 language and 11,796 library holdings
Genres: Conference proceedings 
Roles: Editor, Other, Creator
Classifications: HG1480.7, 339.53091823
Publication Timeline
Publications about Andrew Rose
Publications by Andrew Rose
Most widely held works by Andrew Rose
Monetary policy with very low inflation in the Pacific Rim by Takatoshi Itō( file )
12 editions published between 2006 and 2007 in English and held by 1,313 libraries worldwide
Extremely low inflation rates have moved to the forefront of monetary policy discussions. In Asia, a number of countries?most prominently Japan, but also Taiwan and China?have actually experienced deflation over the last fifteen years. Monetary Policy with Very Low Inflation in the Pacific Rim explores the factors that have contributed to these circumstances and forecasts some of the potential challenges faced by these nations, as well as some potential solutions. The editors of this volume attribute low inflation and deflation in the region to a number of recent phenomena. Some of these episo
International trade in East Asia by Takatoshi Itō( file )
14 editions published between 1950 and 2007 in English and held by 1,276 libraries worldwide
The practice of trading across international borders has undergone a series of changes with great consequences for the world trading community, the result of new trade agreements, a number of financial crises, the emergence of the World Trade Organization, and countless other less obvious developments. In International Trade in East Asia, a group of esteemed contributors provides a summary of empirical factors of international trade specifically as they pertain to East Asian countries such as China, Japan, Korea, and Taiwan.Comprised of twelve fascinating studies, International Trade in East A
Fiscal policy and management in East Asia by NBER-East Asia Seminar on Economics( file )
10 editions published between 2007 and 2009 in English and held by 799 libraries worldwide
Managing fiscal policy--the revenues and spending of an individual nation--is among the most challenging tasks facing governments. Wealthy countries are constrained by complex regulation and taxation policies, while developing nations often face high inflation and trade taxes. In this volume, esteemed economists Takatoshi Ito and Andrew K. Rose, along with other leading experts, examine the problems and challenges facing public finance in East Asian developing countries as well as the United States and Japan. Fiscal Policy and Management in East Asia explores the inefficient tax systems of many d
International finance and financial crises essays in honor of Robert P. Flood, Jr. by Peter Isard( Computer File )
9 editions published between 1999 and 2000 in English and held by 754 libraries worldwide
International Finance and Financial Crises: Essays in Honor of Robert P. Flood, Jr. contains the proceedings of a conference held in honor of Robert P. Flood, Jr. Bob Flood has made important contributions to many areas of economic analysis, including regime switching, speculative attacks, bubbles, stock market volatility, macro models with nominal rigidities, dual exchange rates, target zones, and rules versus discretion in monetary policy. Contributors were invited to address any of the topics or others of their choosing. The results include five papers on topics in international finance; two of these papers, as well as the panel discussion, focus on speculative attacks and financial crises. The other three take new directions in exploring topics in which existing models leave much to be desired
International financial issues in the Pacific Rim global imbalances, financial liberalization, and exchange rate policy by Takatoshi Itō( file )
10 editions published in 2008 in English and held by 695 libraries worldwide
The imbalanced, yet mutually beneficial, trading relationship between the United States and Asia has long been one of international finance?s most perplexing mysteries. Although the United States continues to post a substantial trade deficit?and China reaps the benefits of a surplus?the dollar has yet to sink in the face of ever-increasing account disparities. International Financial Issues in the Pacific Rim explains why the United States enjoys a seemingly symbiotic relationship with its trading partners despite stark inequities in the trade balance, especially with Asia. This timely and wel
Financial sector development in the Pacific Rim by East Asian Seminar in Economics( file )
10 editions published in 2009 in English and held by 562 libraries worldwide
Examines the institutional factors influencing financial innovation, the consequences of financial development, widespread consolidation occurring through mergers and acquisitions, and the implementation of policy reform.--From publisher description
Growth and productivity in East Asia by Takatoshi Itō( Book )
13 editions published between 2004 and 2009 in English and held by 476 libraries worldwide
Considering the examples of Australia and the Pacific Rim, Growth and Productivity in East Asia offers a contemporary explanation for national productivity that measures contributions not only from capital and labor, but also from economic activities and relevant changes in policy, education, and technology. Takatoshi Ito and Andrew K. Rose have organized a group of collaborators from several Asian countries, the United States, and other parts of the globe who ably balance both macroeconomic and microeconomic study with theoretical and empirical approaches. Growth and Productivity in East Asia
The economic consequences of demographic change in East Asia by Takatoshi Itō( Book )
8 editions published in 2010 in English and held by 284 libraries worldwide
This volume offers comparative analysis from twelve countries and examines the issue of age in the labor force. Contributors analyze the relationship between incentives to retire and the proportion of older persons in the workforce, the effects that reforming social security would have on the employment rates of older workers, and how extending labor force participation will affect program costs. Dispelling the myth that employing older workers takes jobs away from the young, this timely volume challenges existing assumptions about the relationship between old and young people in the workforce. --
Financial integration a new methodology and an illustration by Robert P Flood( Computer File )
20 editions published between 2003 and 2004 in English and held by 263 libraries worldwide
This paper develops a simple methodology to test for asset integration, and applies it within and between American stock markets. Our technique relies on estimating and comparing expected risk-free rates across assets. Expected risk-free rates are allowed to vary freely over time, constrained only by the fact that they must be equal across (risk-adjusted) assets in well integrated markets. Assets are allowed to have standard risk characteristics, and are constrained by a factor model of covariances over short time periods. We find that implied expected risk-free rates vary dramatically over time, unlike short interest rates. Further, internal integration in the S&P 500 market is never rejected and is generally not rejected in the NASDAQ. Integration between the NASDAQ and the S&P, however, is always rejected dramatically
Commodity prices and markets by Takatoshi Itō( Book )
10 editions published in 2011 in English and held by 258 libraries worldwide
Fluctuations of commodity prices, most notably of oil, capture considerable attention and have been tied to important economic effects, such as inflation and low rates of economic growth. Commodity Prices and Markets advances our understanding of the consequences of these fluctuations, providing both general analysis and a particular focus on the countries of the Pacific Rim. The volume addresses three distinct subjects: the difficulties in forecasting commodity prices, the effects of exogenous commodity price shocks on the domestic economy, and the relationship between price shocks and moneta
Contagious currency crises by Barry J Eichengreen( Book )
24 editions published between 1996 and 2003 in English and held by 157 libraries worldwide
This paper is concerned with the fact that the incidence of speculative attacks tends to be temporally correlated; that is, currency crises appear to pass contagiously from one country to another. The paper provides a survey of the theoretical literature, and analyzes the contagious nature of currency crises empirically. Using thirty years of panel data from twenty industrialized countries, we find evidence of contagion. Contagion appears to spread more easily to countries which are closely tied by international trade linkages than to countries in similar macroeconomic circumstances
One reason countries pay their debts : renegotiation and international trade by Andrew Rose( Book )
32 editions published between 2001 and 2005 in English and held by 143 libraries worldwide
This paper estimates the effect of sovereign debt renegotiation on international trade. Sovereign default may be associated with a subsequent decline in international trade either because creditors want to deter default by debtors, or because trade finance dries up after default. To estimate the effect, I use an empirical gravity model of bilateral trade and a large panel data set covering fifty years and over 200 trading partners. The model controls for a host of factors that influence bilateral trade flows, including the incidence of IMF programs. Using the dates of sovereign debt renegotiations conducted through the Paris Club as a proxy measure for sovereign default, I find that renegotiation is associated with an economically and statistically significant decline in bilateral trade between a debtor and its creditors. The decline in bilateral trade is approximately eight percent a year and persists for around fifteen years
Noise trading and exchange rate regimes by Olivier Jeanne( Book )
22 editions published in 1999 in English and held by 141 libraries worldwide
Both the literature and new empirical evidence show that exchange rate regimes differ primarily by the noisiness of the exchange rate, not be measurable macroeconomic fundamentals. This motivates a theoretical analysis of exchange rate regimes with noise traders. The presence of noise traders can lead to multiple equilibria in the foreign exchange market. The entry of noise traders both create and share the risk associated with exchange rate volatility. In such circumstances, monetary policy can be used to lower exchange rate volatility without altering macroeconomic fundamentals
Currency crashes in emerging markets : empirical indicators by Jeffrey A Frankel( Book )
21 editions published in 1996 in English and held by 129 libraries worldwide
We use a panel of annual data for over one hundred developing countries from 1971 through 1992 to characterize currency crashes. We define a currency crash as a large change of the nominal exchange rate that is also a substantial increase in the rate of change of nominal depreciation. We examine the composition of the debt as well as its level, and a variety of other macroeconomic factors, external and foreign. Crashes tend to occur when: output growth is low; the growth of domestic credit is high; and the level of foreign interest rates is high. A low ratio of FDI to debt is consistently associated with a high likelihood of a crash
Contagion and trade : why are currency crises regional? by Reuven Glick( Book )
21 editions published between 1998 and 1999 in English and held by 128 libraries worldwide
Currency crises tend to be regional; they affect countries in geographic proximity. This suggests that patterns of international trade are important in understanding how currency crises spread, above and beyond any macroeconomic phenomena. We provide empirical support for this hypothesis. Using data for five different currency crises (in 1971, 1973, 1992, 1994, and 1997) we show that currency crises affect clusters of countries tied together by international trade. By way of contrast, macroeconomic and financial influences are not closely associated with the cross-country incidence of speculative attacks. We also show that trade linkages help explain cross-country correlations in exchange market pressure during crisis episodes, even after controlling for macroeconomic factors
The endogeneity of the optimum currency area criteria by Jeffrey A Frankel( Book )
16 editions published in 1996 in English and held by 125 libraries worldwide
A country's suitability for entry into a currency union depends on a number of economic conditions. These include, inter alia, the intensity of trade with other potential members of the currency union, and the extent to which domestic business cycles are correlated with those of the other countries. But international trade patterns and international business cycle correlations are endogenous. This paper develops and investigates the relationship between the two phenomena. Using thirty years of data for twenty industrialized countries, we uncover a strong and striking empirical finding: countries with closer trade links tend to have more tightly correlated business cycles. It follows that countries are more likely to satisfy the criteria for entry into a currency union after taking steps toward economic integration than before
Does a currency union affect trade? : the time series evidence by Reuven Glick( Book )
20 editions published in 2001 in English and held by 113 libraries worldwide
Does leaving a currency union reduce international trade? We answer this question using a large annual panel data set covering 217 countries from 1948 through 1997. During this sample a large number of countries left currency unions; they experienced economically and statistically significant declines in bilateral trade, after accounting for other factors. Assuming symmetry, we estimate that a pair of countries that starts to use a common currency experiences a doubling in bilateral trade
Understanding the home market effect and the gravity equation : the role of differentiating goods by Robert C Feenstra( Book )
16 editions published in 1998 in English and held by 112 libraries worldwide
This paper argues that the theoretical foundations for the gravity equation are general, while the empirical performance of the gravity equation is specific to the type of goods examined. Most existing theory for the gravity equation depends on the assumption of differentiated goods. We show that the gravity equation can also be derived from a reciprocal dumping' model of trade in homogeneous goods. The different theories have different testable implications. Theoretically, the gravity equation should have a lower domestic income elasticity for exports of homogeneous goods than of differentiated goods, because of a home market' effect which depends on barriers to entry. We quantify the home market effect empirically using cross-sectional gravity equations, and find that domestic income export elasticities are indeed substantially higher for differentiated goods than for homogeneous goods
Staying afloat when the wind shifts : external factors and emerging-market banking crises by Barry J Eichengreen( Book )
18 editions published between 1997 and 2001 in English and held by 112 libraries worldwide
We analyze banking crises using a panel of macroeconomic and financial data for more than one hundred developing countries from 1975 through 1992. We find that banking crises in emerging markets are strongly associated with adverse external conditions. In particular Northern interest rates are strongly associated with the onset of banking crises in developing countries, even after taking into account a host of internal macroeconomic factors. A one percent increase in Northern interest rates is associated with an increase in the probability of Southern banking crises of around three percent. Our results also seem insensitive to the effects of differing exchange rate regimes, external debt burdens and domestic financial structures
One money, one market : estimating the effect of common currencies on trade by Andrew Rose( Book )
17 editions published in 1999 in English and held by 111 libraries worldwide
A gravity model is used to assess the separate effects of exchange rate volatility and currency unions on international trade. The panel data set used includes bilateral observations for five years spanning 1970 through 1990 for 186 countries. In this data set, there are over one hundred pairings and three hundred observations, in which both countries use the same currency. I find a large positive effect of a currency union on international trade, and a small negative effect of exchange rate volatility, even after controlling for a host of features, including the endogenous nature of the exchange rate regime. These effects are statistically significant and imply that two countries that share the same currency trade three times as much as they would with different currencies. Currency unions like EMU may thus lead to a large increase in international trade, with all that entails
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Alternative Names
Rose, A. K. 1959-
Rose, Andrew.
Rose, Andrew, 1959-
Rose, Andrew K.
Rose, Andrew K., 1959-
Rose, Andrew Kenan 1959-
Rose, Andrews K. 1959-
English (323)
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