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Measuring competitiveness in a world of global value chains
Bayoumi, Tamim A.; Appendino, Maximiliano; Barkema, Jelle; … - 2018
All common real effective exchange rate indexes assume trade is only in final goods, despite the growing presence of global supply chains. Extending effective exchange rate indexes to include such intermediate goods can imply radically different effective exchange rate weights, depending on the...
Persistent link: https://www.econbiz.de/10011932479
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Globalization Drives Strategic Product Switching
Moreno Badia, Marialuz - 2008
explicitly the role of export opportunities. Our results indicate that globalization does not affect firm exit significantly but …
Persistent link: https://www.econbiz.de/10014401739
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Does Financial Globalization Induce Better Macroeconomic Policies?
Wei, Shang-Jin - 2004
Monetary and fiscal policies around the world are in better shape today than two decades ago. This paper studies … whether financial globalization has helped induce governments to pursue better macroeconomic policies (the ""discipline effect … robust causal evidence. There is some evidence that financial globalization may have induced countries to pursue low …
Persistent link: https://www.econbiz.de/10014400935
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Trade and inclusive growth
Bacchetta, Marc; Cerra, Valerie; Piermartini, Roberta; … - 2021
This paper surveys the literature on the relationship between international trade and inclusive growth. It examines claims that the rise in inequality in many countries can be attributed to the concurrent rise in trade competition, especially from EMEs like China, spurring trade tensions and...
Persistent link: https://www.econbiz.de/10012518909
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The effect of tariffs in global value chains
Eugster, Johannes; Jaumotte, Florence; MacDonald, Margaux; … - 2022
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 tariffs at different stages of the production chain for...
Persistent link: https://www.econbiz.de/10013170052
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Dollar invoicing, global value chains, and the business cycle dynamics of international trade
Cook, David; Patel, Nikhil - 2022
Recent literature has highlighted that international trade is mostly priced in a few key vehicle currencies and is increasingly dominated by intermediate goods and global value chains (GVCs). Taking these features into account, this paper reexamines the relationship between monetary policy,...
Persistent link: https://www.econbiz.de/10013170273
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Safe asset demand, global capital flows and wealth concentration
Kim, Taehoon - 2021
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 …
Persistent link: https://www.econbiz.de/10012796314
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Globalization and corporate taxation
Kumar, Manmohan S.; Quinn, Dennis P. - 2012
between financial globalization and corporate tax rates and revenues—results vary according to country grouping with OECD …
Persistent link: https://www.econbiz.de/10012671627
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Facing the global financial cycle : what role for policy responses?
Batini, Nicoletta; Durand, Luigi - 2021
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...
Persistent link: https://www.econbiz.de/10012518283
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Financial globalization and inequality : capital flows as a two-edged sword
Eichengreen, Barry; Csonto, Balazs; ElGanainy, Asmaa Adel; … - 2021
Persistent link: https://www.econbiz.de/10012487207