Narrow search
Showing 1 - 10 of 72
Cover Image
Trade linkages and international business cycle comovement : evidence from Korean industry data
Lee, Dongyeol - 2019
Through the 2000s, Korea's export and import linkages to advanced and emerging markets increased significantly. At the same time, the correlation of output growth between Korea and these economies rose. This paper investigates the nature of the link between trade linkages and the comovement of...
Persistent link: https://www.econbiz.de/10012022016
Cover Image
Effective trade costs and the current account : an empirical analysis
Boz, Emine; Li, Nan; Zhang, Hongrui - 2019
A view receiving increased support is that the height of trade costs in prime export sectors has a strong effect on current account balances: countries specializing in sectors that face relatively high trade costs, such as services, tend to run current account deficits, and similarly, countries...
Persistent link: https://www.econbiz.de/10012001519
Cover Image
Innovation and corporate cash holdings in the era of globalization
Adler, Konrad; Ahn, JaeBin; Dao, Mai - 2019
We document a broad-based trend in rising cash holdings of firms across major industrialized countries over the last two decades, a trend that is most pronounced for firms engaged strongly in R and D activities. Our contributions to the literature are twofold. First, we develop a simple model...
Persistent link: https://www.econbiz.de/10012001582
Cover Image
Global value chains : what are the benefits and why do countries participate?
Ignatenko, Anna; Raei, Faezeh; Mircheva, Borislava - 2019
Over the last two decades, world trade and production have become increasingly organized around global value chains …
Persistent link: https://www.econbiz.de/10012001583
Cover Image
One ring to rule them all? : new evidence on world cycles
Monnet, Eric; Puy, Damien - 2019
We estimate world cycles using a new quarterly dataset of output, credit and asset prices assembled using IMF archives … and covering a large set of advanced and emerging economies since 1950. World cycles, both real and financial, exist and … time. Although this is true for prices (goods and assets), this not true for quantities (output and credit). The world …
Persistent link: https://www.econbiz.de/10012103742
Cover Image
The impact of the global financial crisis on banking globalization
Claessens, Stijn; Horen, Neeltje van - 2014
Persistent link: https://www.econbiz.de/10010441940
Cover Image
What is real and what is not in the global FDI network?
Damgaard, Jannick; Elkjaer, Thomas; Johannesen, Niels - 2019
Macro statistics on foreign direct investment (FDI) are blurred by offshore centers with enormous inward and outward investment positions. This paper uses several new data sources, both macro and micro, to estimate the global FDI network while disentangling real investment and phantom investment...
Persistent link: https://www.econbiz.de/10012155009
Cover Image
Debt build-up in frontier Low-Income Developing Countries (LIDCs) since 2012 : global or country-specific factors and way forward?
De Soyres, Constance; Rogantini Picco, Anna; Sab, Randa - 2019
This paper focuses on the debt build-up that frontier low-income developing countries (LIDCs) have faced since 2012. First, it documents a 20-percentage point increase in the external and government debt-to-GDP ratios, a composition shift toward higher non-concessional debt, and a rise in...
Persistent link: https://www.econbiz.de/10012009382
Cover Image
6½ decades of global trade and income : “new normal” or “back to normal” after GTC and GFC?
Kalra, Sanjay - 2016
Global merchandise trade expanded rapidly over the last 6 1\2 decades and its relationship with global income has seen ebbs and flows. This paper examines the shifts in this relationship using time series data over 1950-2014 and situates it in the current and longer term context. The...
Persistent link: https://www.econbiz.de/10011711761
Cover Image
The slowdown in global trade : a symptom of a weak recovery
Aslam, Aqib; Boz, Emine; Cerutti, Eugenio M.; … - 2017
Global trade growth has slowed since 2012 relative both to its strong historical performance and to overall economic growth. This paper aims to quantify the role of weak economic growth and changes in its decomposition in accounting for the slowdown in trade using a reduced form and a structural...
Persistent link: https://www.econbiz.de/10011763603