, 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 variables). We find that trade integration fosters the spill-over of business … cycles, both bilaterally and as a country characteristic (trade openness). Results for financial integration are mixed …

This paper analyses the rapid trade integration of the Central and Eastern European countries (CEECs) with the euro … estimated for a large sample of bilateral trade flows across 61 countries since 1980. We show that a careful examination of the … transition process. We therefore propose a two-stage out-ofsampleʺ approach. The results suggest that trade integration between …

at evidence on prices and trade; the endogeneity of financial integration or equivalently of insurance schemes based on …

International trade in manufacturing goods has risen strongly over the past decades, contributing to the expansion of … effects" that are arguably related to the ICT revolution that started around 1985, and (ii) the implementation of Free Trade … capture the emergence of GVCs by disentangling domestic and international trade in final goods and intermediate inputs …

over the period 1979-2003. Measures of the global output gap using two different weighting schemes (based on PPPs and trade …