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The United States - Mexico - Canada Agreement (USMCA) was signed on November 30, 2018 and aims to replace and modernize … steel and aluminum imports from Canada and Mexico and the elimination of the Canadian and Mexican import surtaxes imposed …
Persistent link: https://www.econbiz.de/10012009997
This paper provides a comprehensive assessment of the impact of NAFTA on growth and business cycles in Mexico. The … effect of the agreement in spurring a dramatic increase in trade and financial flows between Mexico and its NAFTA partners … facts and recent empirical research. The paper concludes by drawing lessons from Mexico''s NAFTA experience for policymakers …
Persistent link: https://www.econbiz.de/10014404062
This paper examines the effect of the major Canada-U.S. trade agreements on the dynamics of business cycles and productivity in Canada. The North American Free Trade Agreement (NAFTA) and its predecessor, the Canada-U.S. Free Trade Agreement (CUSFTA), have led to a substantial expansion of trade...
Persistent link: https://www.econbiz.de/10014400637
Incorporating intermediate inputs into a small-union general-equilibrium model, this paper first develops the welfare economics of preferential trading under the rules of origin (ROO) and then demonstrates that the ROO could improve the political viability of Free Trade Agreements (FTAs). Two...
Persistent link: https://www.econbiz.de/10014403978
This paper considers the extent to which the North American Free Trade Area (NAFTA) meets the criteria for a common currency area. NAFTA is compared with the EC, a regional grouping for which initial plans for a monetary union are already in place. Most of the anticipated benefits from a...
Persistent link: https://www.econbiz.de/10014396278
existing loans. Empirically, it provides evidence that bank lending in Mexico and the United States responds asymmetrically to …
Persistent link: https://www.econbiz.de/10014400310
This paper analyzes the sources of Mexico''s economic growth since the 1960s and compares various decompositions of …
Persistent link: https://www.econbiz.de/10014400927
1994. In the case of Mexico, bank-specific variables as well as contagion effects explain the likelihood of bank failure …
Persistent link: https://www.econbiz.de/10014395935
world-the United States, euro area, Japan, and the rest of the world-to Canada and Mexico, and decomposing the impact of … can be accounted for by the ""Great Moderation"" in U.S. growth. Before 1996, domestic volatility in Mexico swamped the ….S. shock-""when the U.S. sneezes, Mexico catches a cold"". These spillovers are transmitted through both trade and financial …
Persistent link: https://www.econbiz.de/10014401401
We study the performance of the four Western Hemisphere trading blocs during the period 1978-2001. For the North American Free Trade Agreement (NAFTA), trade integration outweighed trade diversion; for MERCOSUR, increased integration and trade diversion went hand in hand; for the Central American...
Persistent link: https://www.econbiz.de/10014404140