Showing 1 - 10 of 1,179
exports of all five broad categories of the U.K.'s financial and insurance services. No trade barriers are found for the bulk … suggests that post-Brexit disruptions of the U.K.'s export of financial and insurance services may be minor …
Persistent link: https://www.econbiz.de/10012796259
services currently constitute one-fourth of world trade and an increasingly important component of global production. A …Using a newly constructed dataset on trade in services for 192 countries from 1970 to 2014, this paper shows that … detailed analysis of patterns and stylized facts reveals that exports of services are not only gaining strong momentum and …
Persistent link: https://www.econbiz.de/10011670531
This paper reviews the economics of trade policy in financial services, highlighting differences between trade across … efficiency, quality, and variety of financial services and by encouraging improvement of financial regulations and practices …
Persistent link: https://www.econbiz.de/10014399959
the General Agreements on Trade in Services (GATS). It provides an overview of the main features of the GATS and what the …
Persistent link: https://www.econbiz.de/10014403355
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
Over the last two decades, world trade and production have become increasingly organized around global value chains …
Persistent link: https://www.econbiz.de/10012001583
Against the backdrop of the rise of global value chains (GVCs), particularly in Asia, this paper documents key developments of GVCs and investigates what factors cause economies to reap greater benefits from GVC participation. Key findings include: first, moving toward a more upstream position...
Persistent link: https://www.econbiz.de/10011373981
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 uncertain, investors wish to maintain a...
Persistent link: https://www.econbiz.de/10014403975
We develop a simple information-based model of FDI flows. On the one hand, the abundance of ""intangible"" capital in specialized industries in the source countries, which presumably generates expertise in screening investment projects in the host countries, enhances FDI flows. On the other...
Persistent link: https://www.econbiz.de/10014401166
This paper examines the mechanisms through which output volatility is related to trade openness using an industry-level panel dataset of manufacturing production and trade. The main results are threefold. First, sectors more open to international trade are more volatile. Second, trade is...
Persistent link: https://www.econbiz.de/10014401281