production tasks reduces the wages paid to unskilled workers as well as their domestic employment. At the aggregate level, trade …We develop a model of international trade with a monopsonistically competitive labour market in which firms employ … and the offshoring of tasks. At the firm-level, exporting leads to higher wages and employment, while offshoring of …

between export and FDI. The model combines the proximity-concentration trade-off framework with the real option methodology …

Banks play a critical role in facilitating international trade by guaranteeing international payments and thereby … reducing the risk of trade transactions. This paper employs banking data from the U.S. to document new empirical patterns … regarding the use of letters of credit and similar bank guarantees. The analysis reveals that trade finance is a large and …

This study provides evidence that shocks to the supply of trade finance have a causal effect on U.S. exports. The … a U.S. bank's share of the trade finance market in a country is, the larger should be the effect on exports to that … effects on export growth. A shock of one standard deviation to a country's supply of trade finance decreases exports, on …

It is widely believed that globalization affects the extent of employment and wage responses to economic shocks. To …

the universe of cash transfer, unemployment insurance, and training beneficiaries. Negative employment effects take over a … permanently skilled workers while reducing unskilled workers. Brazilian workers suffer smaller employment losses in highly …, employment and productivity) downsizing. Unemployment insurance and cash transfers yield limited wage loss replacement (6 percent …

domestic firms in a low-income host country. The US-Vietnam Bilateral Trade Agreement reduced US import tariffs on exports from … Vietnam. Tariff reductions led to entry of foreign and private firms and to employment expansion in formal manufacturing, with … foreign entrants contributing most to employment growth. State firms stall employment reallocation through slower contraction …

are influenced by trade liberalization. We show that trade liberalization can induce FDI, which is at odds with …

In this paper, we explore the role of trade in differentiated final goods as well offshoring of tasks for inequality … use a 2-country model recently developed by Grossman & Rossi-Hansberg (2010b) that highlights trade in production task … premium as well as on international inequality measured in income per head. We compare these effects in a world where trade is …