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Reading the footprints : how foreign investors shape countries' participation in global value chains

Buelens, Christian; Tirpák, Marcel - 2017

We show that traditional gravity variables play a significant role in explaining trade flows related to global value chain participation. We find evidence that cooperation costs - measured by linguistic and geographical proximity - are more relevant for trade that reflects cross-border...

Persistent link: https://www.econbiz.de/10011647903

Trade, finance or policies : what drives the cross-border spill-over of business cycles?

Montinari, Letizia; Stracca, Livio - 2017

In this paper we investigate how income growth rates in one country are affected by growth rates in partner countries, testing for the importance of pairwise country links as well as characteristics of the receiving country (trade and financial open- ness, exchange rate regime, fiscal...

Persistent link: https://www.econbiz.de/10011636280

Financial remoteness and the net external position

Schmitz, Martin - 2011

This paper shows that, controlling for standard determinants of net external positions, financially-remote countries exhibit more positive net external positions. This finding is found to be stronger for less advanced countries, hinting at external funding problems for more remote countries....

Persistent link: https://www.econbiz.de/10009006634

Global value chains during the great trade collapse : a bullwhip effect?

Altomonte, Carlo; Di Mauro, Filippo; Ottaviano, … - 2012

Persistent link: https://www.econbiz.de/10009765249

Crisis severity and the international trade network

Endrész, Marianna; Skudelny, Frauke - 2016

Persistent link: https://www.econbiz.de/10011619813

Distance(s) and the volatility of international trade(s)

Mehl, Arnaud; Schmitz, Martin; Tille, Cédric - 2019

Does distance matter for the volatility of international real and financial transactions? We show that it does, in addition to its well-established relevance for the level of trade. A simple model of trade with endogenous markups shows that demand shocks have a larger impact on trade between...

Persistent link: https://www.econbiz.de/10011994537

Internal devaluation in currency unions : the role of trade costs and taxes

Petroulakis, Filippos - 2017

This paper studies export adjustment to negative shocks in currency unions. I consider the hitherto ignored role of trade costs and taxes in internal devaluations, which have been brought to the fore of international policy during the recent euro periphery crisis. Trade costs can limit the...

Persistent link: https://www.econbiz.de/10011639619

Business cycle synchronisation : disentangling trade and financial linkages

Dées, Stéphane; Zorell, Nico - 2011

Drawing on a large sample of countries, this paper explores whether closer economic ties between countries foster business cycle synchronisation and disentangles the role of the various channels, including trade and financial linkages as well as the similarity in sectoral specialisation....

Persistent link: https://www.econbiz.de/10008935822

The global financial crisis : trying to understand the global trade downturn and recovery

Anderton, Bob; Tewolde, Tadios - 2011

2008Q4-2009Q1 was so severe and synchronized across the world, and also examines the subsequent recovery in global trade …-level can explain a significant proportion of the decline in world imports during the crisis, while declines in the highly …", suggesting that widespread global production chains may have amplified the downturn in world trade and partly explains its high …

Persistent link: https://www.econbiz.de/10009354645

Trade openness reduces growth volatility when countries are well diversified

Haddad, Mona; Lim, Jamus Jerome; Pancaro, Cosimo; … - 2012

Persistent link: https://www.econbiz.de/10009765946