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I study the pricing of American Depositary Receipts around FOMC meetings to identify the impact of US monetary policy on managed exchange rates. ADR investors assess the domestic central bank’s reluctance to maintain a currency peg regime if the costs of mimicking policy rate increases in the...
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We study the effect of international trade and freeness of trade on interregional inequality within countries. While … inequality depends on weighted trade shares and trade costs and where we can derive an aggregate freeness of trade measure. These … measures are instrumented based on constructed trade shares and trade costs fitted from a gravity panel model of bilateral …
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This paper analyzes the changes that occurred in Moldova’s trade of agricultural and food products since the … implementation of the Deep and Comprehensive Free Trade Agreement (DCFTA) with European Union. The research will include the analysis … of Moldova’s foreign trade activity from the perspective of agricultural and food products, the changes that occurred in …
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reached and the trend is increasing, as it can be seen from the trade balance for cereals. …
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disadvantage of a specific country in a certain class of goods as evidenced by trade flows. As a result, products with a …
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