tests for contagion (i.e., an intensification in the transmission of shocks across countries), fragmentation (a reduction in … substantial fragmentation from 2010 onward. Flight to quality was present at the height of the crisis, but has largely dissipated … in yields following the OMT announcement, the high current degree of fragmentation poses difficult challenges for policy …

's initial level of domestic political fragmentation. We emphasize the role of the 'Military Revolution', which raised the cost …

paper evaluates the impact of dark trading and fragmentation in visible order books on liquidity. We consider global … traditional market only. We find that fragmentation in visible order books improves global liquidity, whereas dark trading has a … detrimental effect. In addition, local liquidity is lowered by fragmentation in visible order books, which suggests that the …

understood, a sufficient condition for all countries to gain from fragmentation is that the relative world prices of initially … paper is motivated by recent evidence that trade has greatly expanded on the extensive margin (aka fragmentation, offshoring …-trade goods don't change. However, trade costs break the strict link between domestic and world prices in my approach and this …

stages is bounded only by the fragmentation of the underlying engineering process, and lower frictions monotonically increase …

since 1995. The paper draws on a variety of data sources but most heavily on the recent World Input-Output Database. China …

Although the global economy has begun to recover from the 2008-2011 financial crisis, challenges to the world trading …

paper, we adapt a general model of fragmentation of production activities to try to capture the specific features of …