References
- Aghion , P , Banerjee , A and Piketty , T . 1999 . Dualism and macroeconomic volatility . Quarterly Journal of Economics , 114 : 1359 – 1397 .
- Arellano , C and Mendoza , E . Credit frictions and sudden stops in small open economies: an equilibrium business cycle framework for emerging markets crises , NBER Working paper No. 8880 . National Bureau of Economic Research, Cambridge, MA, 2002
- Baxter , M and Crucini , M . 1995 . Business cycles and the assets structure of foreign trade . International Economic Review , 36 : 821 – 854 .
- Bekaert , G , Harvey , CR and Lundblad , C . 2002 . Growth volatility and equity market liberalization , Duke University . Unpublished Working Paper
- Blanchard , O and Simon , J . The long and large decline in US output volatility . Brookings Papers on Economic Activity . Washington, DC : Brookings Institution .
- Bruno , M . Comment on Rudiger Dornbusch, Ilan Goldfajn, and Rodrigo O. Valdés: ‘Currency Crises and Collapses’ . Brookings Papers on Economic Activity . Vol. II , pp. 278 – 285 .
- Buch , CM , Dopke , J and Pierdzioch , C . 2002 . “ Financial openness and business cycle volatility ” . In Working Paper , Kiel Institute for World Economics .
- Caballero , RJ and Krishanmurthy , A . 2001 . International and domestic collateral constraints in a model of emerging markets crises . Journal of Monetary Economics , 48 : 513 – 548 .
- Colton , N and Neaime , S . 2003 . Implications of the introduction of the euro for the Mediterranean countries . Thunderbird International Business Review , 45 ( 1 ) : 31 – 49 .
- Crucini , M . 1997 . Country side and economic fluctuations . Review of International Economics , 5 ( 2 ) : 204 – 220 .
- Denizer , C , Tyigun , M and Owen , A . 2002 . Finance and macroeconomic volatility . B.E. Press Contributions to Macroeconomics , 2 : 1 – 30 .
- Dornbusch , R . Europe 1992: macroeconomic implications . Brookings Papers on Economic Activity . Vol. II , pp. 341 – 362 .
- Easterly , W , Islam , R and Stiglitz , JE . Shaken and stirred: explaining growth volatility . Annual World Bank Conference on Development Economics . Edited by: Pleskovic , B and Stern , N . Washington, DC : World Bank .
- Edwards , S . Exchange-rate anchors, credibility, and interia: a tale of two crises, Chile and Mexico . American Economic Review Papers and Proceedings . Vol. 86 , pp. 176 – 180 .
- Gavin , M and Hausmann , R . 1996 . Sources of macroeconomic volatility in developing economies , Inter-American Development Bank . Working Paper
- Glick , R and Hutichson , M . 1999 . “ Banking and currency crises: how common are twin crises ” . In Financial Crises in Emerging Markets , Edited by: Glick , R , Moreno , R and Speigel , M . Cambridge : Cambridge University Press .
- Head , AC . 1995 . Country size, aggregate fluctuations and international risk sharing . Canadian Journal of Economics , 28 : 1096 – 1119 .
- International Monetary Fund . September 2002 . World Economic Outlook September ,
- Kaminsky , GL and Reinhart , CM . 1999 . The twin crisis: the causes of banking and balance-of-payments problems . American Economics Review , 18 ( 4 ) : 621 – 637 .
- Kose , MA . 2002 . Explaining business cycle in small open economies . Journal of International Economics , 56 : 299 – 327 .
- Kose , MA and Prasad , E . 2002 . Thinking big: how can small states hold their own in an increasingly globalized economy . Finance & Development , 39 : 38 – 41 .
- Krugman , P . 1993 . “ Lessons of Massachusetts for EMU ” . In The Transition to Economic and Monetary Union in Europe , Edited by: Giavazzi , F and Torres , F . 241 – 261 . Cambridge : Cambridge University Press .
- Levine , R . 1997 . Financial development and economic growth: views and agenda . Journal of Economic Literature , 35 ( 2 ) : 34 – 67 .
- Mansooriann , A and Neaime , S . 2002 . Habits and durability in consumption and the effects of exchange rate policies . International Economic Journal , 16 ( 2 ) : 97 – 114 .
- Mansoorian , A and Neaime , S . 2003 . Durable goods, habits, time preference, and exchange rates . North American Journal of Economics and Finance , 14 ( 1 ) : 115 – 130 .
- McConnell , M and Perez-Quiros , G . 2002 . Output fluctuations in the United States: what has changed since the early 1980s? . American Economic Review , 90 : 1464 – 1476 .
- McKinnon , R . 1973 . Money and Capital in Economic Development , Washington, DC : The Brookings Institution .
- Mendoza , EG . 1994 . “ The robustness of macroeconomic indicators of capital mobility ” . In Capital Mobility: The Impact on Consumption, Investment and Growth , Edited by: Leiderman , L and Razin , A . 83 – 111 . Cambridge : Cambridge University Press .
- Neaime , S . 2000 . The Macroeconomics of Exchange Rate Policies, Tariff Protection and the Current Account: A Dynamic Framework , Toronto : APF Press .
- Neaime , S . 2001 . The Arab economies: monetary and financial implications of the euro-currency . Arab Economic Journal , 102 ( 4 ) : 3 – 28 .
- Neaime , S . 2002 . The euro and the future EU–Arab countries trade relations . Arab Economic Journal , 112 ( 9 ) : 27 – 49 .
- Neaime , S and Paschakis , J . 2002 . The future of the dollar–euro exchange rate . North American Journal of Economics and Finance , 13 ( 1 ) : 57 – 72 .
- Obstfeld , M and Rogoff , K . 1995 . Exchange rate dynamics redux . Journal of Political Economy , 103 : 624 – 660 .
- Razin , A and Rose , AK . 1994 . “ Business-cycle and volatility and openness: an explanatory cross-sectional analysis ” . In Capital Mobility: The Impact on Consumption, Investment and Growth , Edited by: Leiderman , L and Razin , A . 48 – 76 . Cambridge : Cambridge University Press .
- Schumpeter , J . 1934 . The Theory of Economic Development , trans. by R. Opie Cambridge, MA : Harvard University Press .
- Senay , O . 1998 . The effects of goods and financial market integration on macroeconomic volatility . The Manchester School Supplement , 66 : 39 – 61 .
- Senhadji , A . 1998 . Dynamics of the trade balance and terms-of-trade in LDCs: the S-curve . Journal of International Economics , 46 : 105 – 131 .
- Sutherland , A . 1996 . Financial market integration and macroeconomic volatility . Scandinavian Journal of Economics , 98 : 521 – 539 .