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order to test the hypothesis, the paper estimates the effect of a common currency on China’s processing and ordinary exports … regional production networks, with final stages of assembly and exporting being increasingly concentrated in China. The short …-run dynamics indicate that the effect on China’s processing exports is more than double the corresponding effect on China …
Persistent link: https://www.econbiz.de/10005621422
Over viewing the most recently evolutions throughout global economy, we can easily conceive that the collateral effects of economical globalization and market integration, represents the main issues debated in specialized professional or political circles. The unanimous impression underlines the...
Persistent link: https://www.econbiz.de/10005836380
Based on reviewing the literature in the field, the article shows the importance accorded to issues of structural funds absorption. The subject is central to assessing how the administrative capacity to absorb EU candidate countries in terms of structural funds. It will describe the methodology...
Persistent link: https://www.econbiz.de/10005836422
A unique feature of the financial crisis is the unprecedented collapse in global world trade. The objective of this paper is to explain some of that collapse as a move toward protectionism triggered not by nationalistic interests but by ‘competing’ objectives among trading partners from the...
Persistent link: https://www.econbiz.de/10008531925
Trade under Contractual Development Area (FTCDA) to give up the dilemma Free-Trade vs Protectionist Policy which are second and third best (resp.). In such an area national economies would respect the current existing rules of the W.T.O. which would add the rule that each national economy would...
Persistent link: https://www.econbiz.de/10011113390
This paper proposes a synthetic divergence indicator retracing the influence of domestic and external imbalances for each G5 country on its currency position. This index happens to be equal to the weighted sum of domestic demand pressures and current account disequilibrium, with the weights...
Persistent link: https://www.econbiz.de/10011189014
Today, more than 50 years after the Rome Treaty, the EU has made great strides in its’ economic integration and liberalization of movement of goods and people. International trade theory predicts deepening economic integration inside the European Union will increase regional trade and have...
Persistent link: https://www.econbiz.de/10008462323
In May 2013, Federal Reserve officials first began to talk of the possibility of tapering their security purchases. This tapering talk had a sharp negative impact on emerging markets. Different countries, however, were affected differently. We use data for exchange rates, foreign reserves and...
Persistent link: https://www.econbiz.de/10011258768
This paper reviews the rapidly growing empirical literature on the drivers of capital flows to emerging markets. The empirical evidence is structured based on the recognition that the drivers of capital flows vary over time and across different types of capital flows. The drivers are classified...
Persistent link: https://www.econbiz.de/10011266125
The characteristfcs of recent capital inflows into Latin America are discussed. It is argued that these inflows are partly explained by conditions outside the region, like recession in the United States and lower international interest rates. This suggests the possibility that a reversal of...
Persistent link: https://www.econbiz.de/10005836885