Showing 1 - 10 of 600
. Combining a dataset of Argentinean firm-level destination-specific wine exports with quality ratings, we show that higher … quality exports grew faster before the crisis, but this trend reversed during the recession. Quantitatively, the effect is … large: up to nine percentage points difference in trade performance can be explained by the quality composition of exports …
Persistent link: https://www.econbiz.de/10012996075
, despite the larger trade elasticities implied by firm heterogeneity. As a consequence, the world-wide trade response, though …
Persistent link: https://www.econbiz.de/10013085999
This paper investigates the determinants of sustained accelerations in goods and services exports. Strong predictors of … export takeoffs include domestic and structural indicators such as lower macroeconomic uncertainty, improved quality of … diversification also contribute to initiating export accelerations. The paper also finds heterogeneity, with somewhat different …
Persistent link: https://www.econbiz.de/10012957850
This paper investigates whether banking crises are associated with declines in bilateral exports. We first develop a … simple open economy model in which banking crises translate into negative liquidity shocks, leading to collapses in exports … developing countries, exports of manufactured goods are disproportionately hurt by banking crises and this negative effect is …
Persistent link: https://www.econbiz.de/10013079258
Commodity prices have declined sharply over the past three years, and output growth has slowed considerably among countries that are net exporters of commodities. A critical question for policy makers in these economies is whether commodity windfalls influence potential output. Our analysis...
Persistent link: https://www.econbiz.de/10012996084
exports. Using a panel framework covering 46 countries over the period 1996-2012, we first find some suggestive evidence that … the elasticity of real manufacturing exports to the Real Effective Exchange Rate (REER) has decreased over time. We then … competitiveness of a fraction of the value of final good exports. In line with this intuition, we find evidence that GVC participation …
Persistent link: https://www.econbiz.de/10012999740
This paper investigates empirically the drivers of financial imbalances ahead of the global financial crisis. Three factors may have contributed to the build-up of financial imbalances: (i) rising global imbalances (capital flows), (ii) monetary policy that might have been too loose, (iii)...
Persistent link: https://www.econbiz.de/10013131803
This paper introduces a comprehensive database on bank ownership for 137 countries over 1995-2009, and reviews foreign bank behavior and impact. It documents substantial increases in foreign bank presence, with many more home and host countries. Current market shares of foreign banks average 20...
Persistent link: https://www.econbiz.de/10013116464
Recent events have shown that sovereigns, just like banks, can be subject to runs, highlighting the importance of the investor base for their liabilities. This paper proposes a methodology for compiling internationally comparable estimates of investor holdings of sovereign debt. Based on this...
Persistent link: https://www.econbiz.de/10013096716
integration with the rest of the world, arguably turning these economies more vulnerable to global financial shocks; and an …
Persistent link: https://www.econbiz.de/10013098620