This paper examines the impact of anticipated and unanticipated interest rate changes on aggregate and sectoral stock returns in the United Kingdom. The monetary policy shock is generated from the change in the 3-month sterling LIBOR futures contract. Results from time-series and panel analysis...

This study introduces a new dataset of bilateral value added trade costs for the goods and services sectors, based on a measure derived from the micro-founded gravity model and using data from the OECD-WTO TiVA database. This is the first study to calculate value added trade costs for a set of...

China has grown to become an economic powerhouse and engine of global demand. However, China's projected GDP growth rates are now anticipated to remain below 7% per annum over the next five years. This issue of Trade Insights examines how the ‘new normal' of lower economic growth in China will...

The recent collapse in international commodity prices has both positive and negative implications for Asia-Pacific economies, depending upon net commodity-trade positions. This paper focuses the impacts to net commodity-importing economies of Asia and the Pacific. It highlights that in addition...

This note identifies Asia-Pacific LDCs and LLDCs with export-portfolios and economies which are at greatest risk from the recent collapse in commodity prices (June 2014 to January 2015). The primary objective is to identify countries whose exports have been highly vulnerable to the recent...