the causal connection between lack of exposure to commercial trade and proclivity to sudden stops. On the theoretical … front, the paper shows how exposure to trade raises the creditworthiness of countries and reduces the probability of sudden … trade increases the likelihood of default. A sudden stop takes place when the borrowers reject the amount that lenders want …

Openness to trade is one factor that has been identified as determining whether a country is prone to sudden stops in … problem that trade is endogenous. Using the gravity instrument for trade openness, which is constructed from geographical … determinants of bilateral trade, this paper finds that openness indeed makes countries less vulnerable, both to severe sudden stops …

the causal connection between lack of exposure to commercial trade and proclivity to sudden stops. On the theoretical … front, I show how exposure to trade raises the creditworthiness of countries and reduces the probability of sudden stops. In … debt is more attractive. Therefore, conditional on the amount that lenders are willing to loan, decreased exposure to trade …

The emergence of global value chains not only leads to a magnification of trade in intermediate inputs but also to an … context of the China-U.S. trade negotiations. This paper analyzes the strategic interaction of tariff policies and the …

The gravity model of trade is used to assess the economic consequences of new borders, which arose in the wake of break …-ups of multinational federations in Eastern Europe. The intensity of trade relations among the constituent parts of … Czechoslovakia, Soviet Union and the Baltics was very high around the time of disintegration, exceeding the normal level of trade …

for adverse effects of regulatory heterogeneity on intra-EU trade in the pre-harmonization period, which questions the …

of trade flows in environmental goods (EG) on total CO2 and SO2 emissions. Our system-GMM estimations reveal positive … recurrently found to face increased pollution (in particular CO2 emissions) due to direct scale-composition effects of trade in …-induced effects. We show that the direct, indirect and total effects of trade in EGs depend on the country’s net trade status, the EGs …

Since the 1960's, the EU has offered trade preferences to developing countries in a complex set of systems. Broadly … and the Generalised System of Preferences (GSP). We construct a detailed database over these trade preferences and use it …