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Is globalization today really different than globalization a hundred years ago?

Bordo, Michael D.; Eichengreen, Barry; Irwin, Douglas A. - 1999

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

Policy uncertainty, trade, and global value chains : some facts, many questions

Constantinescu, Cristina; Mattoo, Aaditya; Ruta, Michele - 2019

-2018 may have caused a 1 percentage point decline in world trade growth. The paper also finds that the impact of policy …

Persistent link: https://www.econbiz.de/10012167789

Liquidity management of US global banks : internal capital markets in the great recession

Cetorelli, Nicola; Goldberg, Linda S. - 2011

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

Pandemic trade : Covid-19, remote work and global value chains

Espitia, Alvaro; Mattoo, Aaditya; Rocha, Nadia; Ruta, … - 2021

This paper studies the trade effects of Covid-19 using monthly disaggregated trade data for 28 countries and multiple trading partners from the beginning of the pandemic to June 2020. Regression results based on a sector-level gravity model show that the negative trade effects induced by...

Persistent link: https://www.econbiz.de/10012434704

Services globalization in an age of insecurity : rethinking trade cooperation

Mattoo, Aaditya - 2018

Decades of services trade negotiations have produced a plethora of rules and commitments but limited real liberalization. One reason is a form of "negotiating tunnel vision," which has led to a focus on reciprocal market opening rather than on creating the regulatory preconditions for...

Persistent link: https://www.econbiz.de/10011929406

Macroeconomic interdependence and the international role of the dollar

Goldberg, Linda S. (contributor); Tille, Cédric (contributor) - 2008

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