Showing 1 - 10 of 101,632
This paper shows that a regional bias resulting from trade integration alters the transmission of a countryś monetary policy by shifting the burden of the exchange rate adjustment towards the less integrated trading partners. I first develop a simple model which illustrates how a concentration...
Persistent link: https://www.econbiz.de/10011490957
This paper shows that regional trade integration shifts the burden of the exchange rate adjustment towards the less integrated trading partners. Thus, they bear the cost of trade balance expansion, while competitive exchange rate moves vis-a-vis RTA trading partners result in no expansion or...
Persistent link: https://www.econbiz.de/10011615589
The model is motivated by data showing that the Australian production of local manufactures is hurt by depreciations and invigorated by appreciations. The paper briefly presents such evidence and then proceeds to a theoretical analysis. The model aims at capturing short-to-medium run exchange...
Persistent link: https://www.econbiz.de/10014182703
We examine the relationship between trade balance and net export with both, the official and real effective exchange rates on the J-Curve hypothesis and find evidence to support in favor of the hypothesis, coming from a panel data of 49 developing countries from Africa. Countries can improve...
Persistent link: https://www.econbiz.de/10010462238
This is an empirical paper seeking to identify the mode of Turkey's integration into global markets in general, and pan … observations. First, thanks to steady expansion of trade in goods and services since the mid-1980s, Turkey has become highly … integrated into the world economy. Second, Turkey's export performance in 1996-2004 in EU markets bears strong similarities to …
Persistent link: https://www.econbiz.de/10014213271
Over the past two decades, international trade has become a privileged engine of growth for much of the developing world. In the wake of the global crisis, countries must pay close attention to their positioning on the global map of trade and production and become aware of how they fare relative...
Persistent link: https://www.econbiz.de/10013061100
This article documents the Great Trade Collapse of 2008-09, as well as the dramatic recovery in trade of 2009-10. The authors consider how three distinct policy actions - fiscal stimulus, funding for trade finance, and a commitment to refrain from increasing trade barriers - might have affected...
Persistent link: https://www.econbiz.de/10013124722
We explore whether the global financial crisis has had heterogeneous effects on traded goods differentiated by quality. Combining a dataset of Argentinean firm-level destination-specific wine exports with quality ratings, we show that higher quality exports grew faster before the crisis, but...
Persistent link: https://www.econbiz.de/10011384454
In January 2013, the trend of reduction of Russian export continued. At the same time, Russia's accession to the WTO, liberalization of the Russian trade regime due to the above factor and appreciation of the ruble contributed to growth in purchases of goods from abroad
Persistent link: https://www.econbiz.de/10013082651
In December 2012, the Russian foreign trade was carried out in a situation of stabilized prices on the main export goods, as well as slow-down of domestic demand. In the Russian Federation, measures are being actively developed to protect domestic producers in a situation where Russia is a...
Persistent link: https://www.econbiz.de/10013084782