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A World Trading System for the Twenty-First Century

Staiger, Robert W. - National Bureau of Economic Research - 2021

I explore whether the world trading system of the twentieth century can be adapted to address the challenges of the …

Persistent link: https://www.econbiz.de/10012585431

On the Global Impact of Risk-off Shocks and Policy-put Frameworks

Caballero, Ricardo J. - 2019

Global risk-off shocks can be highly destabilizing for financial markets and, absent an adequate policy response, may trigger severe recessions. Policy responses were more complex for developed economies with very low interest rates after the Global Financial Crisis (GFC). We document, however,...

Persistent link: https://www.econbiz.de/10012479979

The "New" Economics of Trade Agreements : From Trade Liberalization to Regulatory Convergence?

Grossman, Gene M. - 2019

What incentives do governments have to negotiate "new trade agreements," i.e., agreements that constrain not only governments' choices of tariffs, but also their domestic regulatory policies? We focus on horizontal product standards, i.e., those that impose requirements along a horizontal...

Persistent link: https://www.econbiz.de/10012480078

Disputes in International Investment and Trade

Ossa, Ralph - 2020

International investment agreements employ dispute settlement procedures that differ markedly from their counterparts in trade agreements along three key dimensions: standing (i.e., the right to file grievances), the nature of the remedy, and the remedial period. In the state-to-state dispute...

Persistent link: https://www.econbiz.de/10012481969

The "Other" Imbalance and the Financial Crisis

Caballero, Ricardo J. - 2010

the U.S. would experience a sudden stop of capital flows, which would unavoidably drag the world economy into a deep … instead that the root imbalance was of a different kind: The entire world had an insatiable demand for safe debt instruments … of exposing the economy to a systemic panic. This structural problem can be alleviated if governments around the world …

Persistent link: https://www.econbiz.de/10012463014

International Trade and Domestic Regulation

Staiger, Robert W. - 2009

Existing formal models of the relationship between trade policy and regulatory policy suggest the potential for a regulatory race to the bottom. WTO rules and disputes, however, center on complaints about excessively stringent regulations. This paper bridges the gap between the existing formal...

Persistent link: https://www.econbiz.de/10012463108

Breach, Remedies and Dispute Settlement in Trade Agreements

Maggi, Giovanni - 2009

We provide a simple but novel model of trade agreements that highlights the role of transaction costs, renegotiation and dispute settlement. The model allows us to characterize the appropriate remedy for breach and whether the agreement should be structured as a system of "property rights" or...

Persistent link: https://www.econbiz.de/10012463189

The WTO : Theory and Practice

Bagwell, Kyle - 2009

We consider the purpose and design of the World Trade Organization (WTO) and its predecessor, GATT. We review recent …

Persistent link: https://www.econbiz.de/10012463204

Global Imbalances and Financial Fragility

Caballero, Ricardo J. - 2009

behind this crisis is the large demand for riskless assets from the rest of the world. In this paper we present a model to …

Persistent link: https://www.econbiz.de/10012463959

Financial Crash, Commodity Prices and Global Imbalances

Caballero, Ricardo J. - 2008

In this paper we argue that the persistent global imbalances, the subprime crisis, and the volatile oil and asset prices that followed it, are tightly interconnected. They all stem from a global environment where sound and liquid financial assets are in scarce supply

Persistent link: https://www.econbiz.de/10012464126