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Using a new data set, we examine the characteristics and dynamics of cross-border mergers and acquisitions during emerging-market financial crises, that is, so-called "fire-sale FDI". Our findings shed fresh light on whether the transactions undertaken during crisis periods differ in fundamental...
Persistent link: https://www.econbiz.de/10010950634
We construct measures of net private and public capital flows for a large cross-section of developing countries considering both creditor and debtor side of the international debt transactions. Using these measures, we demonstrate that sovereign-to-sovereign transactions account for upstream...
Persistent link: https://www.econbiz.de/10009278239
-term domestic trade bills across countries during the classical gold standard period, the most widely used hard peg in modern …
Persistent link: https://www.econbiz.de/10008625939
International risk-sharing has far-reaching implications both for economic policy and for basic research in economics. When countries do not share risk, individuals in those countries experience fluctuations in their consumption levels that are undesirable and possibly unnecessary. This paper...
Persistent link: https://www.econbiz.de/10008839453
There has been much discussion about what issues should be included in international 'trade' negotiations. Different … together. Proposals run the gamut from no linking to linking trade with investment, the environment, labor and human …
Persistent link: https://www.econbiz.de/10005714219
. In these and many other cases, radical trade liberalization measures were put in place, or existing programs speeded up … when trade liberalization is implemented simultaneously with stabilization policies is weaker than is usually presupposed … between trade liberalization and exchange-rate stability. However, the credibility of disinflation may be endangered by early …
Persistent link: https://www.econbiz.de/10005830908
This article reviews the state of the international trade literature on multinational firms. This literature addresses … contract with local producers or distributors? We organize our exposition of the trade literature on multinational firms around …
Persistent link: https://www.econbiz.de/10010969233
is more vulnerable to contagion if it has a more levered banking system, greater trade exposure, weaker macroeconomic …
Persistent link: https://www.econbiz.de/10010950725
The trade linked to international production networks - supply-chain trade for short - is associated with momentous … global economic changes. This paper presents a portrait of the global pattern of supply-chain trade and how it has evolved …'s supply-chain trade receives special attention. …
Persistent link: https://www.econbiz.de/10010951282
Over the years, there emerged two key policy differences between Europe and America, both welfare and migration-states. The former has more generous welfare state and more liberal migration policies than the latter. In this paper we attempt to provide a political-economy explanation for these...
Persistent link: https://www.econbiz.de/10010951466