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for the United States but also with reference to the wider world. We establish the outlines of international integration a … century ago and analyze the institutional and informational impediments that prevented the late nineteenth century world from … achieving the same degree of integration as today. We conclude that the world today is different: commercial and financial …
Persistent link: https://www.econbiz.de/10001392028
The recent crisis highlighted the importance of globally active banks in linking markets. One channel for this linkage is the liquidity management of these banks, specifically the regular flow of funds between parent banks and their affiliates in diverse foreign markets. We use the Great...
Persistent link: https://www.econbiz.de/10009266718
This paper estimates the costs of EU restraints on trade in textiles and clothing. After explaining the methods used, we examine the impact of an opening up of EU trade in textiles and clothing, inter alia to those economies where the textile and clothing (T&C) industries command sizeable shares...
Persistent link: https://www.econbiz.de/10011472459
the world's trading system. This paper deals with the impact on the German economy of some changes that might have been …
Persistent link: https://www.econbiz.de/10011472473
Persistent link: https://www.econbiz.de/10001509040
Persistent link: https://www.econbiz.de/10013261101
Persistent link: https://www.econbiz.de/10003660633
The U.S. dollar plays a key role in international trade invoicing along two complementary dimensions. First, most U.S. exports and imports are invoiced in dollars; second, trade flows that do not involve the United States are often invoiced in dollars, a fact that has received relatively little...
Persistent link: https://www.econbiz.de/10003781455
context of globalization then (pre-1914) and now (1980 to the present). I then discuss the determinants of emerging market …
Persistent link: https://www.econbiz.de/10003630029
Persistent link: https://www.econbiz.de/10008702186