All Outputs (5)

The trade-GDP ratio as a measure of openness (2022)
Journal Article
Bleaney, M., & Tian, M. (2023). The trade-GDP ratio as a measure of openness. World Economy, 46(5), 1319-1332. https://doi.org/10.1111/twec.13355

The ratio of trade to GDP is often used as a summary measure of a country's openness to the rest of the world. It is well known that the trade-GDP ratio is affected by relatively time-invariant factors, such as country size and remoteness from tradin... Read More about The trade-GDP ratio as a measure of openness.

The economic impact of political instability and mass civil protest (2021)
Journal Article
Matta, S., Bleaney, M., & Appleton, S. (2022). The economic impact of political instability and mass civil protest. Economics and Politics, 34(1), 253-270. https://doi.org/10.1111/ecpo.12197

An extensive literature has examined the economic effects of non-violent political instability events. Nonetheless, the issue of whether economies react differently over time to such events remains largely unexplored. Using synthetic control methodol... Read More about The economic impact of political instability and mass civil protest.

Reserve Volatility and the Identification of Exchange Rate Regimes (2021)
Journal Article
Bleaney, M., & Tian, M. (2021). Reserve Volatility and the Identification of Exchange Rate Regimes. Open Economies Review, 32(4), 701–723. https://doi.org/10.1007/s11079-021-09617-7

Should exchange rate regime classifications be based purely on some measure of exchange rate flexibility, or should such flexibility be judged in proportion to the degree of exchange market pressure (EMP), as reflected in the behaviour of internation... Read More about Reserve Volatility and the Identification of Exchange Rate Regimes.

Redenomination risk in eurozone corporate bond spreads (2021)
Journal Article
Bleaney, M., & Veleanu, V. (2021). Redenomination risk in eurozone corporate bond spreads. European Journal of Finance, 27(13), 1303-1325. https://doi.org/10.1080/1351847x.2021.1882524

We investigate the risk spillover from euro area government bond spreads (relative to a safe German government bond of similar maturity) to nonfinancial corporate bonds in France, the Netherlands (‘hard’ euro-area countries), and Italy, Portugal and... Read More about Redenomination risk in eurozone corporate bond spreads.

Inflation targeting in low‐income countries: Does IT work? (2020)
Journal Article
Morozumi, A., Bleaney, M., & Mumuni, Z. (2020). Inflation targeting in low‐income countries: Does IT work?. Review of Development Economics, 24(4), 1529-1550. https://doi.org/10.1111/rode.12690

Previous research on inflation targeting (IT) has focused on high‐income countries and emerging market economies (EMEs). Only recently have sufficient data accumulated for the performance of IT in low‐income countries (LICs) to be assessed. We show t... Read More about Inflation targeting in low‐income countries: Does IT work?.