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Financial Remoteness and the Net External Position

Schmitz, Martin - 2011

This paper shows that, controlling for standard determinants of net external positions, financially-remote countries exhibit more positive net external positions. This finding is found to be stronger for less advanced countries, hinting at external funding problems for more remote countries....

Persistent link: https://www.econbiz.de/10013127570

Global Value Chains during the Great Trade Collapse : A Bullwhip Effect?

Altomonte, Carlo - 2012

This paper analyzes the performance of global value chains during the trade collapse. To do so, it exploits a unique transaction-level dataset on French firms containing information on cross-border monthly transactions matched with data on worldwide intra-firm linkages as defined by property...

Persistent link: https://www.econbiz.de/10013113261

Patterns in Invoicing Currency in Global Trade

Georgiadis, Georgios - 2020

This paper presents the most comprehensive and up-to-date panel data set of invoicing currencies in global trade. It provides data on the shares of exports and imports invoiced in US dollars, euros, and other currencies for more than 100 countries since 1990. The evidence from these data...

Persistent link: https://www.econbiz.de/10012825651

Distance(s) and the Volatility of International Trade(s)

Mehl, Arnaud - 2019

Does distance matter for the volatility of international real and financial transactions? We show that it does, in addition to its well-established relevance for the level of trade. A simple model of trade with endogenous markups shows that demand shocks have a larger impact on trade between...

Persistent link: https://www.econbiz.de/10012889878

Modelling Global Trade Flows : Results from a GVAR Model

Bussière, Matthieu - 2015

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

From Carry Trades to Curvy Trades

Dreher, Ferdinand - 2018

Traditional carry trade strategies are based on differences in short-term interest rates, neglecting any other information embedded in yield curves. We derive return distributions of carry trade portfolios among G10 currencies, where the signals to buy and sell currencies are based on summary...

Persistent link: https://www.econbiz.de/10012920109

Evaluating China's Integration in World Trade with a Gravity Model Based Benchmark

Bussière, Matthieu; Schnatz, Bernd - 2021

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

Trade Openness Reduces Growth Volatility when Countries are well Diversified

Haddad, Mona - 2012

This paper addresses the mechanisms by which trade openness affects growth volatility. Using a diverse set of export concentration measures, we present strong evidence pointing to an important role for export diversification in conditioning the effect of trade openness on growth volatility....

Persistent link: https://www.econbiz.de/10013098217

Growth, Real Exchange Rates and Trade Protectionism Since the Financial Crisis

Georgiadis, Georgios - 2013

Existing evidence suggests that protectionist activity since the financial crisis has been muted, raising the question whether the historically well-documented relationship between growth, real exchange rates and trade protectionism has broken down. This paper re-visits this relationship for the...

Persistent link: https://www.econbiz.de/10013072606

Forecasting the World Economy in the Short-Term

Jakaitiene, Audrone - 2009

Forecasting the world economy is a difficult task given the complex interrelationships within and across countries …. This paper proposes a number of approaches to forecast short-term changes in selected world economic variables and aims …

Persistent link: https://www.econbiz.de/10013159358