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 …

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 …

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 …

shipment times and trade costs. For the world, the average reduction in shipment time will range between 1.2 and 2.5 percent …

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 …

represented 83 percent of the world's population and 91 percent of the world's GDP in 2013. It addresses the following five … setting trade policy? Finally, how liberalized is world trade? The analysis documents the extent of cross … concludes that substantial trade policy barriers remain as an important feature of the world economy …

established in 2001 but instead on the terms-of-trade theory of trade agreements to identify negotiating priorities. This paper … uses the lens of the terms-of-trade theory to investigate three areas in which it is frequently alleged that currently …