Although Europe in the aggregate is a not a major contributor to global current account imbalances, its trade and … external deficits and surpluses. We assess the macroeconomic impact on Europe of global current account adjustment under …

Using firm-level data for Estonia for the years 1997-2005, we analyze the impact of international competition on firm … explicitly the role of export opportunities. Our results indicate that globalization does not affect firm exit significantly but …

the relative role of 'globalization' and 'technology' shocks in accounting for the short and long run variance of global …

trade might be called the ""missing globalization puzzle."" This puzzle is most apparent in the estimated distance … evidence of globalization, on both cross-section and panel data, reflected in a variety of measures of geography. Our …

The paper provides a general-equilibrium model where incomplete international financial markets lead to insufficient … industrial specialization and low international trade. As international portfolio diversification is limited and productivity is … advantage. Financial globalization then induces more specialization and more trade. The present framework yields explicit closed …

This paper examines the impact of rising trade and financial integration on international business cycle comovement … wisdom that globalization has increased the degree of synchronization of business cycles. The evidence that trade and …

arrangements and increased involvement of the international community and the African Diaspora should complement the efforts in …

debtors. It also examines the factors driving the foreign asset portfolio of international investors, with a special focus on …