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The changing international linkages of Switzerland : an overview
Tille, Cédric - 2017
Over the last decade, the economic linkages between Switzerland and the rest of the world have been transformed. First, merchanting and the chemical industry account for an increasing share of international trade, with chemicals exports expanding robustly in recent years despite the European...
Persistent link: https://www.econbiz.de/10011704380
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What do we really know about the transatlantic current account?
Braml, Martin T.; Felbermayr, Gabriel - 2019
Do the U.S. have a current account surplus or a deficit with the EU? Since 2009, official sources disagree: The U.S. Department of Commerce claims a consistent U.S. surplus while Eurostat reports the opposite. International transactions are notoriously difficult to measure accurately, but the...
Persistent link: https://www.econbiz.de/10012051883
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Assessing the advantages of EMU-enlargement for the EU and the accession countries : a comparative indicator approach
Schweickert, Rainer - 2001
The paper takes into account both the concerns of the EU, arguing that convergence is incomplete, and the demands from … accession countries, claiming that monetary integration is optimal. Indicators are developed which measure convergence and … benefits from monetary integration. The more serious problem is a lack of convergence which could imply serious risks during …
Persistent link: https://www.econbiz.de/10011490871
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Markov or not Markov : this should be a question
Bickenbach, Frank; Bode, Eckhardt - 2001
Although it is well known that Markov process theory, frequently applied in the literature on income convergence …
Persistent link: https://www.econbiz.de/10011495597
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An iron law of currency crisis : the divergence of the nominal and the real exchange rate and increasing current account deficits
Siebert, Horst - 2002
The currency crises of the 1990s all exhibit a divergence of the nominal and the real exchange rate together with an increase in the negative current account. The nominal rate does not reflect inflation differences fully and the ensuing real appreciation leads to a negative current account. This...
Persistent link: https://www.econbiz.de/10011490629
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Stock market wealth, private saving, and the current account in the United States : should we worry?
Strauß, Hubert - 1999
The paper investigates by means of cointegration analysis whether the recently observed low levels of private saving and the current account balance in the United States are worrisome in the sense that they cannot be sufficiently explained by determinants which performed well in the past. Stock...
Persistent link: https://www.econbiz.de/10011475984
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From theory to policy with gravitas : a solution to the mystery of the excess trade balances
Felbermayr, Gabriel; Yotov, Yoto V. - 2019
Bilateral trade balances often play an important role in the international trade policy debate. Academic economists understand that they are misleading indicators of competitiveness and of the gains from trade. However, they also recognize their political relevance, calling for accurate...
Persistent link: https://www.econbiz.de/10012055590
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The EU self-surplus puzzle : an indication of VAT fraud?
Braml, Martin; Felbermayr, Gabriel - 2019
The world runs a trade surplus with itself: Exporters report larger values of exports than what importers report as imports. This is a logically impossible but well known empirical fact. Less well known, in recent years, more than 80 percent of the global surplus is a trade surplus that the EU...
Persistent link: https://www.econbiz.de/10012146231
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From theory to policy with gravitas : a solution to the mystery of the excess trade balances
Felbermayr, Gabriel; Yotov, Yoto V. - 2021 - This draft: March 21, 2021
Bilateral trade balances often play an important role inthe international trade policy debate. Disturbingly, several studies argue that the gravity model of trade fails when confronted with bilateral trade balances data, dubbing this "The Mystery of the Excess Trade Balances". Capitalizing on...
Persistent link: https://www.econbiz.de/10012491317
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FDI promotion through bilateral investment treaties : more than a bit?
Busse, Matthias (contributor); Königer, Jens (contributor);  … - 2008
order to improve their chances in the worldwide competition for foreign direct investment (FDI). However, the effectiveness … of BITs in inducing higher FDI inflows is still open to debate. It is in several ways that we attempt to clarify the … extensive dataset on bilateral FDI flows. Furthermore, we account for unilateral FDI liberalization, in order not to …
Persistent link: https://www.econbiz.de/10003638963