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Trade and trade finance in the 2008 - 09 financial crisis

Asmundson, Irena; Dorsey, Thomas; Chačatjan, Armine; … - 2011

Persistent link: https://www.econbiz.de/10009488607

Business cycle synchronisation : disentangling trade and financial linkages

Dées, Stéphane; Zorell, Nico - 2011

Drawing on a large sample of countries, this paper explores whether closer economic ties between countries foster business cycle synchronisation and disentangles the role of the various channels, including trade and financial linkages as well as the similarity in sectoral specialisation....

Persistent link: https://www.econbiz.de/10008935822

The global financial crisis : trying to understand the global trade downturn and recovery

Anderton, Bob; Tewolde, Tadios - 2011

2008Q4-2009Q1 was so severe and synchronized across the world, and also examines the subsequent recovery in global trade …-level can explain a significant proportion of the decline in world imports during the crisis, while declines in the highly …", suggesting that widespread global production chains may have amplified the downturn in world trade and partly explains its high …

Persistent link: https://www.econbiz.de/10009354645

Trade openness reduces growth volatility when countries are well diversified

Haddad, Mona; Lim, Jamus Jerome; Pancaro, Cosimo; … - 2012

Persistent link: https://www.econbiz.de/10009765946

Adjusting to New Realities : MENA the Uruguay Round, and the Eu-Mediterranean Initiative

Fennell, Susan - 1997

This paper addresses concerns that the Middle East and North Africa (MENA) region, with the exception of the GCC economies, has lagged behind in trade liberalization. This delay has adversely affected production efficiency and consumer welfare and could reduce the region’s ability to attract...

Persistent link: https://www.econbiz.de/10014400709

Institutions Rule : The Primacy of Institutions Over Integration and Geography in Economic Development

Subramanian, Arvind - 2002

We estimate the respective contributions of institutions, geography, and trade in determining cross-country income levels using recently developed instruments for institutions and trade. Our results indicate that the quality of institutions ""trumps"" everything else. Controlling for...

Persistent link: https://www.econbiz.de/10014401492

Elasticity Optimism

International Monetary Fund - 2009

In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate...

Persistent link: https://www.econbiz.de/10014402215

Putting the Parts together : Trade, Vertical Linkages, and Business Cycle Comovement

Levchenko, Andrei A. - 2009

Countries that trade more with each other exhibit higher business cycle correlation. This paper examines the mechanisms underlying this relationship using a large cross-country industry-level panel dataset of manufacturing production and trade. We show that sector pairs that experience more...

Persistent link: https://www.econbiz.de/10014402276

Trade Costs, Market Integration, and Macroeconomic Volatility

Naknoi, Kanda - 2003

This paper examines the effects of trade costs on macroeconomic volatility. We first construct a dynamic, two-country general equilibrium model, where the degree of market integration depends directly on trade costs (transport costs, tariffs, etc.). The model is a extension of Obstfeld and...

Persistent link: https://www.econbiz.de/10014403962

Trade Finance and Trade Flows : Panel Data Evidence From 10 Crises

Ronci, Márcio Valério - 2004

-related finance declined sharply. However, trade may also be affected by other variables such as world demand, domestic demand …

Persistent link: https://www.econbiz.de/10014404046