Showing 1 - 10 of 37
The absence of data has, until now, precluded virtually all research on trading volume in the foreign exchange market. This paper introduces a new high-frequency foreign exchange dataset from EBS (Electronic Broking Service) that includes trading volume in the global interdealer spot market. The...
Persistent link: https://www.econbiz.de/10005368281
Using consumer price indexes from cities in the U.S., Canada and Mexico, we estimate the "border effect" on U.S.-Mexican relative prices and find that it is nearly an order of magnitude larger than for U.S.-Canadian prices. However, during a very stable sub-period in Mexico (May 1988 to November...
Persistent link: https://www.econbiz.de/10005368355
countries have collectively seen an improvement in their terms of trade during the crisis, reversing pre-crisis declines. The …
Persistent link: https://www.econbiz.de/10005372616
Though China's share of world trade is comparable to that of Japan, little is known about the response of China's trade … to changes in exchange rates. The few estimates available suffer from two limitations. First, the data for trade prices … empirical model explaining the shares of China's exports and imports in world trade in terms of the real effective value of the …
Persistent link: https://www.econbiz.de/10005712652
investigation, I build a multi-country trade model with endogenous adoption of a new transportation technology that is consistent … future usage, adoption costs, and trade with the United States, the first and largest user of containerization. …
Persistent link: https://www.econbiz.de/10011075130
We construct a new linked data set with over one thousand offshoring events by matching Trade Adjustment Assistance …
Persistent link: https://www.econbiz.de/10011075150
for about 20 percent of small firms' liabilities. ; Businesses that choose to finance their purchases through trade credit …Trade credit--credit extended by a seller who does not require immediate payment for delivery of a product--is an …' nonmortgage loans from banks. Trade credit apparently is especially important for small businesses: In the same year, it accounted …
Persistent link: https://www.econbiz.de/10005401507
This paper studies the effects of a path change in government debt composition and aggregate transfers on allocations and prices. It is shown that the effects are zero under some agent-specific transfer scheme even when markets are incomplete. If markets are complete, then the effects are zero...
Persistent link: https://www.econbiz.de/10005368245
American women tend to be less financially literate than men, which is consistent with a household division of labor in which men manage finances. However, women also tend to outlive their husbands, so they will eventually need to take over this task. Using a new survey of older couples, I find...
Persistent link: https://www.econbiz.de/10009366960
Persistent link: https://www.econbiz.de/10010725277