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This paper investigates the theory and evidence that history plays a role in shaping the direction of international trade. Because there are reasons to anticipate a positive correlation between the predominant direction of trade flows in the past and membership in preferential arrangements in...
Persistent link: https://www.econbiz.de/10013212584
, a level that China should achieve by or soon after 2015. Among our more provocative findings is that growth slowdowns …
Persistent link: https://www.econbiz.de/10013127765
's processing exports. Stock prices rise for firms competing with China in their home market while falling for firms importing … China's exchange rate policy in 2005 and 2010 and data on 6,050 firms in 44 countries. Renminbi appreciation has a positive … effect on firms exporting to China but little positive or even a negative impact on those providing inputs for China …
Persistent link: https://www.econbiz.de/10013118251
and pre-World War I gold standard eras …
Persistent link: https://www.econbiz.de/10013099286
This paper offers new evidence on the emergence of the dollar as the leading international currency, focusing on its role as currency of denomination in global bond markets. We show that the dollar overtook sterling much earlier than commonly supposed, as early as in 1929. Financial market...
Persistent link: https://www.econbiz.de/10013106301
This paper places current efforts at international economic policy coordination in historical perspective. It argues that successful cooperation is most likely in four sets of circumstances. First, when it centers on technical issues. Second, when cooperation is institutionalized - when...
Persistent link: https://www.econbiz.de/10013091942
reduction. For China, financial development might help shrink its current account surplus, but only when it is coupled with …
Persistent link: https://www.econbiz.de/10013092289
We review the modern history of financial crises, providing a context for analyses of the world's recent bout of …
Persistent link: https://www.econbiz.de/10013092488
Productivity growth is slowing around the world. In 2014, according to the Conference Board's Total Economy Data Base …
Persistent link: https://www.econbiz.de/10013015545
global turnover of London, the world's largest trading venue, by as much as one-third …
Persistent link: https://www.econbiz.de/10013001201