Showing 1 - 10 of 485
We analyze trade dynamics following past episodes of financial crises. Using an augmented gravity model and 179 crisis episodes from 1970-2009, we find that there is a sharp decline in a country’s imports in the year following a crisis-19 percent, on average-and this decline is persistent,...
Persistent link: https://www.econbiz.de/10014403222
This paper takes a first look at the trade effects of China's Belt and Road Initiative, also referred to as the New Silk Road, on the 71 countries potentially involved. The initiative consists of several infrastructure investment projects to improve the land and maritime transportation in the...
Persistent link: https://www.econbiz.de/10012002696
activity around the world. We present a parsimonious two-country-SIR model with some degree of substitutability between home …
Persistent link: https://www.econbiz.de/10012392567
This paper quantifies the effect of realized and potential global growth disappointments on export volumes from the Middle East, North Africa, the Caucasus, and Central Asia. Estimates of export elasticities with respect to trading partner GDP indicate non-oil export volumes are relatively...
Persistent link: https://www.econbiz.de/10014411221
Persistent link: https://www.econbiz.de/10010388711
In the cross section of countries, there is a strong positive correlation between trade and income, and a negative relationship between trade and inequality. Does this reflect a causal relationship? We adopt the Frankel and Romer (1999) identification strategy, and exploit countries' exogenous...
Persistent link: https://www.econbiz.de/10011763524
We explore the global footprint of Chinese banks and compare it with that of other bank nationalities. Chinese banks have become the largest cross-border creditors for almost half of all emerging market and developing economies (EMDEs). Their global reach resembles that of banks from advanced...
Persistent link: https://www.econbiz.de/10012392600
This paper studies the relationship between trade policy and food prices. We show that, when individuals are loss averse, governments may use trade policy to shield the domestic economy from large food price shocks. This creates a complementarity between the price of food in international...
Persistent link: https://www.econbiz.de/10014411694
This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses …
Persistent link: https://www.econbiz.de/10014411917
This paper attempts to assess the incremental external financing requirements occasioned by changes in world food …
Persistent link: https://www.econbiz.de/10014395317