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We propose a novel theory of financial contagion. We study global coordination games of regime change in two regions … attacks, bank runs and debt crises, our theory of contagion is supported by existing evidence and generates a new testable …
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We analyze how a wealth shift to emerging countries may lead to instability in developed countries. Investors exposed to expropriation risk are willing to pay a safety premium to invest in countries with good property rights. Domestic intermediaries compete for such cheap funding by carving out...
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This paper analyzes the impact of Covid-19 and uncooperative trade policies on world food markets. It quantifies the … percent on average. Escalating export restrictions would multiply the initial shock by a factor of 3, with world food prices …
Persistent link: https://www.econbiz.de/10012833536
1958 and 2015, which reflects the entire set of preferential trade agreements in force and notified to the World Trade … World Trade Organization mandate and in four leading areas outside the current World Trade Organization mandate: competition …
Persistent link: https://www.econbiz.de/10012962302
shipment times and trade costs. For the world, the average reduction in shipment time will range between 1.2 and 2.5 percent …
Persistent link: https://www.econbiz.de/10012909447