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This paper documents and assesses the significance of the policy changes in China that WTO accession implies in 3 key … their entirety as undertaken at signature in 2002. While it would seem that China will have extraordinarily open markets for … implementation of China's WTO commitments, and following dispute settlement might retaliate in the future were these agreed changes …
Persistent link: https://www.econbiz.de/10013238960
We analyze the effects of China's rapid export expansion following WTO entry on U.S. prices, exploiting cross … with reduced U.S. tariff uncertainty, expanded export participation. We find that China's WTO entry significantly reduced … comes from the entry of new Chinese exporters. China's WTO entry also led other countries exporting to the U.S. to lower …
Persistent link: https://www.econbiz.de/10012954464
terms by 2007. We evaluate how much benefit China can realistically receive from WTO membership given current problems with …We discuss China's stance in the WTO post-accession, noting the many issues with implementation of China's accession … dumping actions against China and trade restrictions against textile and apparel exports. We discuss emerging WTO and non …
Persistent link: https://www.econbiz.de/10013248436
I examine the hypothesis that membership in the World Trade Organization (WTO) and its predecessor the General …/WTO membership on the coefficient of variation in trade computed over 25-year samples, controlling for a number of factors. I also … use a comparable multilateral data set. There is little evidence that membership in the GATT/WTO has a significant …
Persistent link: https://www.econbiz.de/10013313684
Banks are in the business of taking calculated risks. Expanding the geographic footprint of an organization's profit-making activities changes the geographic pattern of its exposure to loss in ways that are hard for regulators and supervisors to observe. This paper tests and confirms the...
Persistent link: https://www.econbiz.de/10013150440
money relative to bank assets than nonbanking-center countries. This paper develops a stylized model of regulated bank …
Persistent link: https://www.econbiz.de/10012774844
type of hidden capital and each class of bank, the model develops estimates of the stock-market, interest-rate, foreign …-exchange, and real estate sensitivities of returns to bank stockholders. Only the stock-market sensitivities prove significant at … five percent. This finding leads us to investigate what happens when we analyze Japanese bank stock returns by means of …
Persistent link: https://www.econbiz.de/10012787456
Domestic prudential regulation can have unintended effects across borders and may be less effective in an environment where banks operate globally. Using U.S. micro-banking data for the first quarter of 2000 through the third quarter of 2013, this study shows that some regulatory changes indeed...
Persistent link: https://www.econbiz.de/10012982940
-of-second-to-last-resort". Using daily supervisory bank balance sheet information, we find that U.S. GSIBs modestly increase their dollar liquidity … broker-dealer subsidiaries within the same bank holding company are crucial to this type of "reserve-draining" intermediation …
Persistent link: https://www.econbiz.de/10013305927
effects from cross-border bank takeovers with those of cross-border lending by banks located overseas, which in most cases …
Persistent link: https://www.econbiz.de/10013142941