large parts of the world. In this paper we explore the financial and the trade channel in a unified framework and quantify … losses in the value of cross-border asset holdings. Calibrated to German data, the model predicts the trade channel to be …. The transmission via the financial channel triggers a much longer-lasting recession relative to the trade channel …

dependent on external developments, especially in the years after the great recession of 2008 and 2009. The trade channel …

negative, but they are also influenced most by the global financial crisis. Finally, we find a significant link between trade …

negative, but they are also influenced most by the global financial crisis. Finally, we find a significant link between trade …

countries, rather than for its international clients, and on the literature on foreign direct investment (FDI), which emphasizes … significant costs of investment. Using a new detailed data set of non-stationary sector-level outward FDI, this paper finds that … the volume of FDI by home market banks boosts FDI by non-financial firms from the same home market. Domestic and third …

We provide an empirical analysis of host country determinants of Chinese outward FDI for the period 2003 to 2008, using … strategic asset seeking motivations suggested by the theory on FDI determinants. Our results show that only FDI in manufacturing … is attracted by market seeking motivations. As expected, resource seeking is an important motivation for Chinese FDI in …

The debate on trade and growth increasingly focuses on the composition of exports. Exports of more “sophisticated … many countries. This study presents evidence suggesting that attracting inflows of FDI offers potential for upgrading a … sectors treated by investment promotion agencies as priority in their efforts to attract FDI. The sample covers 116 countries …