Showing 1 - 6 of 6
foreign (German and Chinese) variables. Results indicate in particular that world exports respond much more to a (normalised … developments, such as the sharp contraction in world trade that took place in the wake of the financial crisis. While the fall in …
Persistent link: https://www.econbiz.de/10013039364
rapid increase in the share of China in world trade. As the world is taking the full measure of this phenomenon, tensions … therefore provides an assessment of China's "natural" place in the world economy based on a new set of trade integration … international trade well and confirm that China is already well integrated in world markets, particularly with North America …
Persistent link: https://www.econbiz.de/10013317365
Persistent link: https://www.econbiz.de/10000923237
We analyze persistence in patterns of bilateral financial investment using data on US investors' holdings of foreign bonds. We document a 'history effect' in which the pattern of holdings seven decades ago continues to influence holdings today. 10 to 15% of the cross-country variation in US...
Persistent link: https://www.econbiz.de/10013101190
This paper analyses the rapid trade integration of the Central and Eastern European countries (CEEC's) with the euro area in the past ten years and draws implications for further integration. We use as benchmark an enhanced gravity model estimated for a large sample of bilateral trade flows...
Persistent link: https://www.econbiz.de/10013318195
This paper offers new evidence on the emergence of the dollar as the leading international currency, focusing on its role as currency of denomination in global bond markets. We show that the dollar overtook sterling much earlier than commonly supposed, as early as in 1929. Financial market...
Persistent link: https://www.econbiz.de/10013107004