of trade to estimate a panel cointegrating relationship between real exchange rates and a set of fundamentals for a …-based real exchange rate and commodity terms of trade. The estimated impact of productivity growth differentials between traded …

, the external terms of trade, and productivity in the manufacturing sector. A once-and-for-all unit increase in the ratio …

and intranational data to evaluate the linkages between trade in goods, trade in financial assets, specialization and … important, as both trade and financial openness have a direct and an indirect effect on cycle synchronization. (ii) A variety of … reflection of intra-industry trade, and of openness to goods and assets trade. (iv) The estimated role of trade is in line with …

This paper provides econometric estimates of trade elasticities for Brazil obtained through cointegration and vector … responsiveness of Brazil's trade flows to the real exchange rate, but (ii) the GDP growth rates targeted by the new government may …

We examine how Korea’s capital flows and trade have been affected by the quantitative easing (QE) of the United … in the world market for trade. We find that QE had little direct impact on capital flows to Korea, and tapering is … the exchange rate spillover from QQME to Korea has been limited both on trade and capital flow fronts. …

China's sectoral trade composition, product quality mix, and import content of processing exports have all changed … substantially during the past decade. This has rendered trade elasticities estimated using aggregate data highly unstable, with more …

to their growth outlooks. For emerging markets, this financial channel trumps the trade channel. For a broader set of … developing countries, however, the trade channel seems to have mattered, with countries exporting more advanced manufacturing …