Showing 1 - 10 of 24
We propose a novel theory of financial contagion. We study global coordination games of regime change in two regions … attacks, bank runs and debt crises, our theory of contagion is supported by existing evidence and generates a new testable …
Persistent link: https://www.econbiz.de/10010508402
activism. We test this theory with a new dataset that comprises monthly information on trade measures across 125 countries and …
Persistent link: https://www.econbiz.de/10009534889
Natural resources account for 20% of world trade, and dominate the exports of many countries. Policy is used to …
Persistent link: https://www.econbiz.de/10009534892
We analyze how a wealth shift to emerging countries may lead to instability in developed countries. Investors exposed to expropriation risk are willing to pay a safety premium to invest in countries with good property rights. Domestic intermediaries compete for such cheap funding by carving out...
Persistent link: https://www.econbiz.de/10011304762
the policy substitution problem. Finally, we employ the theory to analyze the Subsidies and Countervailing Measures (SCM …
Persistent link: https://www.econbiz.de/10009622339
This paper analyzes the impact of Covid-19 and uncooperative trade policies on world food markets. It quantifies the … percent on average. Escalating export restrictions would multiply the initial shock by a factor of 3, with world food prices …
Persistent link: https://www.econbiz.de/10012833536
1958 and 2015, which reflects the entire set of preferential trade agreements in force and notified to the World Trade … World Trade Organization mandate and in four leading areas outside the current World Trade Organization mandate: competition …
Persistent link: https://www.econbiz.de/10012962302
shipment times and trade costs. For the world, the average reduction in shipment time will range between 1.2 and 2.5 percent …
Persistent link: https://www.econbiz.de/10012909447
This paper takes a first look at the trade effects of China's Belt and Road Initiative, also referred to as the New Silk Road, on the 71 countries potentially involved. The initiative consists of several infrastructure investment projects to improve the land and maritime transportation in the...
Persistent link: https://www.econbiz.de/10012895212
Since the Global Financial Crisis, world trade growth has been subdued and lagging slightly behind growth of gross … trade-income relationship, and then investigates its consequences for economic growth. On the demand side, sluggish world …
Persistent link: https://www.econbiz.de/10012936149