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On the Hidden Links between Financial and Trade Opening
Aizenman, Joshua - 2021
This paper investigates the association between commercial and financial openness of developing countries. The data suggest that, controlling for GDP/Capita changes and allowing for country specific effects, increase in a developing country's (exports + imports)/GDP is associated with a highly...
Persistent link: https://www.econbiz.de/10013218077
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Tariff Liberalization Policy and Financial Restrictions
Aizenman, Joshua - 2021
The purpose of this paper is to assess how restrictions on capital mobility affect adjustment to a tariff liberalization policy. This is done by comparing the adlustment process under free and restricted convertibility of foreign assets in a regime where the commercial exchange rate is pegged....
Persistent link: https://www.econbiz.de/10013224884
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Sequencing of Reforms, Financial Globalization, and Macroeconomic Vulnerability
Edwards, Sebastian - 2021
I use a large cross country data set and panel probit analysis to investigate the way in which the interaction between trade and financial openness affect the probability of external crises. This analysis is related to debate on the adequate sequencing of reform. I also investigate the role...
Persistent link: https://www.econbiz.de/10013232183
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China'S Post Accession WTO Stance
Mallon, Glenda; Whalley, John - 2021
terms by 2007. We evaluate how much benefit China can realistically receive from WTO membership given current problems with …
Persistent link: https://www.econbiz.de/10013248436
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Does the WTO Make Trade More Stable?
Rose, Andrew Kenan - 2021
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
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Globalization and Inflation-Output Tradeoffs
Razin, Assaf - 2009
We demonstrate how capital account and trade account liberalizations help reduce inefficiencies associated with the fluctuations in the output gap, relative to the inefficiencies associated with the fluctuations in inflation. With capital account liberalization the representative household is...
Persistent link: https://www.econbiz.de/10012767522
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On the Dynamics of Trade Reform
Albuquerque, Rui A.; Rebelo, Sergio T. - 2022
The empirical evidence on trade reforms suggests that these have a surprisingly small impact on the country's industrial configuration. This industrial structure inertia is difficult to rationalize in standard trade models. This paper develops a two-sector industry dynamics model in which...
Persistent link: https://www.econbiz.de/10013323570
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What Role for Trade in a Post 2012 Global Climate Policy Regime
Whalley, John - 2011
This paper discusses the role that trade can potentially play in both negotiating and operating a post Kyoto/post 2012 global climate policy regime. As an addition to the bargaining set for a global climate negotiation, trade in principle widens the range of jointly beneficial potential outcomes...
Persistent link: https://www.econbiz.de/10013119608
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Cross Country Fairness Considerations and Country Implications of Alternative Approaches to a Global Emission Reduction Regime
Tian, Huifang - 2012
The UNFCCC process of negotiating multilateral carbon emissions reductions thus far has focused on approximately equiproportional cuts in annual carbon emissions by country along the lines of the Kyoto Protocol agreement. But now, with the objective of involving large developing countries such...
Persistent link: https://www.econbiz.de/10013099816
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Sustainable Cooperation in Global Climate Policy : Specific Formulas and Emission Targets to Build on Copenhagen and Cancun
Bosetti, Valentina - 2013
We explore a framework that could be used to assign quantitative allocations of emissions of greenhouse gases (GHGs), across countries, one budget period at a time. Under the two-part plan: (i) China, India, and other developing countries accept targets at Business as Usual (BAU) in the coming...
Persistent link: https://www.econbiz.de/10013091941