Abstract In this paper we ask whether countries can influence their exposure to changes in global financial conditions …. Specifically, we show that even though we can model cross-country capital flows via a global factor that closely tracks changes in … global financial conditions, there is a large degree of heterogeneity in the sensitivity of each country to this same global …

Abstract What do climate change, global financial crises, pandemics, and fragility and conflict have in common? They … are all examples of global risks that can cross geographical and generational boundaries and whose mismanagement can … reverse gains in development and jeopardize the well-being of generations. Managing risks such as these becomes a global …

This paper empirically investigates the impact of tariffs when production is organized in global value chains. Using … global input-output matrices, we construct four different tariff measures that capture the direct and indirect exposure to …

increasingly dominated by intermediate goods and global value chains (GVCs). Taking these features into account, this paper …, direct bilateral trade between non-US countries contracts more than global value chain oriented trade which feeds US final …

The US economy is often referred to as the "banker to the world," due to its unique role in supplying global reserve … globalization raises wealth inequality in a financially-developed economy initially due to foreign capital pressing up domestic … analysis suggests that global financial integration alone can account for a third to a half of the observed increase in the …

other global and domestic political economy factors. Tax rates are analyzed using a unique tax dataset for advanced and … between financial globalization and corporate tax rates and revenues—results vary according to country grouping with OECD … implications of these findings, particularly given budgetary pressures in the aftermath of the global crisis, are noted …