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The Global Financial Cycle and Capital Flow Episodes : A Wobbly Link?
Scheubel, Beatrice - 2019
We add to the literature on the influence of the global financial cycle (GFC) and gyrations in capital flows. First, we build a new measure of the GFC based on a structural factor approach, which incorporates theoretical priors in its definition. This measure can also be decomposed in a...
Persistent link: https://www.econbiz.de/10012858195
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The KOF Globalisation Index - Revisited
Gygli, Savina - 2019
We introduce the revised version of the KOF Globalisation Index, a composite index measuring globalization for every … should use the new KOF Globalisation Index to re-examine other important consequences of globalization and why globalization … country in the world along the economic, social and political dimension. The original index was introduced by Dreher (2006 …
Persistent link: https://www.econbiz.de/10012892154
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Why Do Trade Finance Gaps Persist: Does it Matter for Trade and Development?
Auboin, Marc; DiCaprio, Alisa - 2017
Trade finance shortfalls now appear regularly. Does this matter for trade expansion and economic development in developing countries? Global trade finance has resumed following the 2009 global financial crisis. However, the pattern of recovery has been uneven across countries and categories of...
Persistent link: https://www.econbiz.de/10011657146
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Prospects of regional cooperation in trade, investment and finance in Asia: an empirical analysis on BIMSTEC countries and Japan
Bhattacharya, Swapan K.; Bhattacharyay, Biswa N. - 2006
The seven-nation Bay of Bengal Initiative for Multisectoral Technical and Economic Cooperation (BIMSTEC), comprising Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand is emerging as one of the major subregional groups in Asia. Japan is the second largest trading partner for...
Persistent link: https://www.econbiz.de/10010263916
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Improving the Availability of Trade Finance in Developing Countries: An Assessment of Remaining Gaps
Auboin, Marc - 2016
and developing Asia. It discusses various initiatives in which the WTO and partner institutions are involved to alleviate …
Persistent link: https://www.econbiz.de/10011451408
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The Impact of Basel III on Trade Finance: The Potential Unintended Consequences of the Leverage Ratio
Auboin, Marc; Blengini, Isabella - 2014
Trade finance, particularly in the form of short-term letters of credit has received favourable capital treatment new Basel III rules. However, concerns have been expressed over the potential negative "unintended consequences" of the newly created leverage ratio for trade. This paper offers a...
Persistent link: https://www.econbiz.de/10010398681
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Determinants of Global Value Chain Participation : Cross-Country Evidence
Fernandes, Ana M. - 2020
The past decades witnessed big changes in international trade with the rise of global value chains. Some countries, such as China, Poland, and Vietnam rode the tide, while other countries, many in the Africa region, faltered. This paper studies the determinants of participation in global value...
Persistent link: https://www.econbiz.de/10012834362
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Use and Abuse of Antidumping by Global Cartels
Gnutzmann-Mkrtchyan, Arevik; Hoffstadt, Martin - 2021
that matches cartel investigations with trade data at the product level. We then estimate the world import price and … higher world import prices and lower quantities during cartel periods, and to induce the establishment of a cartel. The …
Persistent link: https://www.econbiz.de/10013314861
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The Farsighted Stability of Global Tade Policy Arrangements
Berens, Stefan; Chochua, Lasha; Willmann, Gerald - 2021
We study the stability of trade policy arrangements under two regulatory scenarios, with/without PTAs. Unlike previous papers, we consider an extensive set of trade policy constellations and allow for unlimited farsightedness of negotiating parties. We find global free trade (GFT) to be uniquely...
Persistent link: https://www.econbiz.de/10013217552
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Interest Rate Linkages in EMU Countries : A Rolling Threshold Vector Error-Correction Approach
Poghosyan, Tigran; de Haan, Jakob - 2021
This paper revisits financial market integration in the European Economic and Monetary Union, using a threshold vector error-correction model (TVECM) for a fixed rolling window. This approach enables us to analyze the dynamics of transaction costs and detect any co-movements with (policy...
Persistent link: https://www.econbiz.de/10013316906