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Preferential Trade Agreements and Global Value Chains : Theory, Evidence, and Open Questions

Ruta, Michele - 2017

Preferential trade agreements today are more numerous and deeper than they were a quarter century ago. Do deep agreements promote countries' integration into global value chains? What are the economic mechanisms? How do countries choose their trade agreement partners? Would the undoing of deep...

Persistent link: https://www.econbiz.de/10012948008

Cheap but flighty : how global imbalances create financial fragility

Ahnert, Toni; Perotti, Enrico - 2015

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

Horizontal Depth : A New Database on the Content of Preferential Trade Agreements

Hofmann, Claudia - 2017

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

Negative Interest Rate Policies : Sources and Implications

Arteta, Carlos Ó. - 2017

Against the background of continued growth disappointments, depressed inflation expectations, and declining real equilibrium interest rates, a number of central banks have implemented negative interest rate policies (NIRP) to provide additional monetary policy stimulus over the past few years....

Persistent link: https://www.econbiz.de/10012968211

Non-Tariff Measures and the World Trading System

Ederington, Josh - 2017

With the success of the World Trade Organization and its predecessor, the General Agreement on Tariffs and Trade, in … literature on non-tariff measures in the world trading system. It provides a set of stylized facts based on available data on non … measures in the trade literature with a focus on the rules and institutions that govern non-tariff measures in the world …

Persistent link: https://www.econbiz.de/10012969264

How Does the Sensitivity of Consumption to Income Vary Over Time? International Evidence

Islamaj, Ergys - 2017

integration has risen. In standard theory, greater financial integration facilitates international borrowing and lending, helping …

Persistent link: https://www.econbiz.de/10012969266

Deep Trade Agreements and Vertical FDI : The Devil is in the Details

Osnago, Alberto - 2017

agreements and of vertical foreign direct investment to test the theory. Consistent with the model, the analysis finds evidence … implication of the model is specific to the so-called ?property rights? theory of the multinational firm, the findings provide …

Persistent link: https://www.econbiz.de/10012970742

Depreciations Without Exports? Global Value Chains and the Exchange Rate Elasticity of Exports

Ahmed Hannan, Swarnali - 2017

This paper analyzes how the exchange rate elasticity of exports has changed over time and across countries and sectors, and how the formation of global value chains has affected this relationship. The analysis uses a panel framework covering 46 countries over the period 1996-2012, and first...

Persistent link: https://www.econbiz.de/10012971261

The Trade-Reducing Effects of Restrictions on Liner Shipping

Bertho, Fabien - 2017

This paper examines how policy governing the liner shipping sector affects maritime transport costs and seaborne trade flows. The paper uses a novel data set and finds that restrictions, particularly on foreign investment, increase maritime transport costs, strongly but unevenly. The...

Persistent link: https://www.econbiz.de/10012973111

Services Globalization in an Age of Insecurity : Rethinking Trade Cooperation

Mattoo, Aaditya - 2018

Decades of services trade negotiations have produced a plethora of rules and commitments but limited real liberalization. One reason is a form of "negotiating tunnel vision," which has led to a focus on reciprocal market opening rather than on creating the regulatory preconditions for...

Persistent link: https://www.econbiz.de/10012911376