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Pencarian SpesifikA large literature links currency crashes and reversals in a country�s net external borrowing to output losses. In this article, we find that contractions in the stock of gross foreign claims on a country�a phenomenon we call gross foreign investment reversals (GIRs)�are also associated with output declines. GIRs are specially harmful during currency, current account, and sudden …
- Tahun Terbit
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We study the nexus between US economic and military aid, human rights conditions, and the emergence of anti-American transnational terrorism in aid-receiving countries. Using data from 126 countries for the period 1984�2008, we show that a combination of local repression and military or economic dependence on the USA results in more anti-American terrorism. This relationship only breaks do…
- Tahun Terbit
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