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 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 …

inflation rate. We find that trilemma policy configurations affect output volatility through the investment or trade channel …

peso is unsustainable. Given the meager growth of the world economy and trade, globalization is being questioned and … problems, but also on the world economy and expectations. For this reason, the reliance on capital inflows to appreciate the …

The need for external capital (FDI) inflow to finance the current account deficit of developing countries cannot be …. How would an increase in FDI and a reduction in import tariff levels in isolation affect household welfare and other … FDI inflow for a developing economy is the increase in current consumption. It also establishes that policies which ensure …