Research | Clausen Center

Research

The Clausen Center has a regular cycle of grants to promote research exhibiting great promise of appearing in top disciplinary journals, shaping scholarship, informing policy debates, and attracting outside funding. Below are descriptions of projects that have been granted support from the Clausen Center in the past two years. 

 

 

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Managing Sudden Stops: Analytical Issues and Empirical Extensions

by Barry Eichengreen

This research (with Poonam Gupta of the World Bank) will document and analyze the modern history of sudden stops and capital flow interruptions.  Key differences with our earlier work will be two.  First, we will be working with a larger and more diverse set of episodes...

Topics
Capital flows
Initiatives
Financial Globalization
Banking the Unbanked: A field experiment in Prize-linked Savings in Mexico

by Aisling Scott , Paul Gertler (Berkeley-Haas) and Enrique Seira (ITAM)

This study randomized a temporary incentive of prize-linked savings (PLS) across bank branches in Mexico. A total of 110 branches were involved in the experiment, with 40 branches assigned the PLS treatment and 70 control branches. We demonstrate...

Topics
Capital flows
Initiatives
Financial Globalization
Estimating Sector-Level Economies of Scale

by Andres Rodriguez-Clare, Dominick Bartelme (UC Berkeley) , Arnaud Costinot, (MIT), and Dave Donaldson (Stanford)

Recent and ongoing work by Costinot, Rodriguez-Clare and coauthors seeks to develop quantitative trade models with external economies of scale at the industry level, and characterize optimal trade policy in this environment.  In this...

Topics
Development
Initiatives
International Trade and Development
Insider Trading Laws and Innovation

by Ross Levine (Berkeley-Haas), Chen Lin and Lai Wei (CUHK Business School at the Chinese University of Hong Kong)

Do legal restrictions on insider trading accelerate or slow technological innovation? Theory offers differing answers. Leland (1992) stresses that insider trading quickly reveals their information in public markets, improving stock...

Topics
Capital flows
Initiatives
Financial Globalization
Relationships in Over the Counter Markets

by Christine Parlour (Berkeley-Haas)

The size of over the counter (OTC) markets is enormous. As of April 30, 2015, the BIS estimated that the notional value outstanding of derivative contracts traded OTC to be 20,880 billion USD. Despite the importance of this market to practitioners, regulators and academics some...

Topics
Capital flows
Initiatives
Financial Globalization
Banking Globalization and Capital Flows

by Leslie Sheng Shen (UC Berkeley)

This project aims to provide a new perspective on international capital flows. The dramatic rise in banking globalization and bank capital flows over the past two decades has altered the landscape of intermediated finance in the international economy and entails profound implications for...

Topics
Capital flows
Initiatives
Financial Globalization
The Renminbi as Global or Regional Currency

By Barry Eichengreen (UC Berkeley) and Domenico Lombardi (CIGI)

The project, undertaken jointly with Domenico Lombardi of CIGI (Canada), sought to analyze the Chinese renminbi’s prospects as a global and regional currency, the question being whether the renminbi is more likely to play a consequential international role globally or...

Topics
Capital flows, Architecture
Initiatives
Financial Globalization, International Financial Architecture
Globalization and Income Inequality: The Distributional Effects of Import Competition

by Christopher J. Palmer (Bekeley-Haas)

This project seeks to ascertain the extent to which ongoing globalization (in the form of international trade) has affected local labor markets. The link between international trade and income inequality has become the subject of political debate recently as national political leaders have considered...

Topics
Development
Initiatives
International Trade and Development
Granular Comparative Advantage

by Cecile Gaubert (UC Berkeley) and Oleg Itskhoki (Princeton)

Firms play a pivotal role in international trade. Much of exports is done by a small number of very large fi rms that enjoy substantial market shares in their markets across destination countries. One may thus conjecture that countries export not...

Topics
Development
Initiatives
International Trade and Development
Appliance Adoption in Recently Electrified Rural Indian Villages

by Meredith Fowlie (Department of agricultural and Resource Economics, UC Berkeley) and Catherine Wolfram (Berkeley Haas)

Nearly all of the growth in energy demand, fossil fuel use, associated local pollution, and greenhouse gas emissions is forecast to come from the developing world, yet we know very little about how...

Topics
Development
Initiatives
International Trade and Development