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Did multinational production (MP) exacerbate or mitigate the collapse of international trade during the Great Recession? What role did MP and trade links play in propagating economic shocks across countries? I resolve the “Multinationals’ Resilience Puzzle" during the Great Recession by...
Persistent link: https://www.econbiz.de/10014345178
Persistent link: https://www.econbiz.de/10012203589
This article argues that the global financial crisis has weakened institutional support for financial liberalization in regional trade agreements and increased transaction costs in the financial services sector. Due to the lack of cooperation among international economic organizations, regional...
Persistent link: https://www.econbiz.de/10012861666
The Institute of World Economy and International Relations (IMEMO) of the Russian Academy of Sciences, Moscow, and the Vale Columbia Center on Sustainable International Investment (VCC), a joint center of Columbia Law School and the Earth Institute at Columbia University in New York, released...
Persistent link: https://www.econbiz.de/10013074802
Noticing the visible hand of state capitalism in global production and value chain system, this study examines the outward foreign direct investment strategy of sovereign wealth funds (SWFs). Leveraging theoretical insights from the conventional political economy and international business...
Persistent link: https://www.econbiz.de/10012138947
The exceptional export performance of foreign-owned firms is a well-established stylized fact, but the underlying mechanism is not yet fully understood. In this paper, we provide theory and empirical evidence demonstrating that this fact can be explained by ownership differences in access to...
Persistent link: https://www.econbiz.de/10012404685
Persistent link: https://www.econbiz.de/10011432413
cannot apply to Ireland and Iceland. In both cases, these nations adopted the neoliberal attitude toward banks that was … decisions. Even in our case it was a huge mistake - but it was 'affordable'. Ireland and Iceland were not so lucky, as their … Ireland had given up ist own currency in favor of what is essentially a foreign currency - the euro, which is issued by the …
Persistent link: https://www.econbiz.de/10009490197
, Ireland, Italy, Portugal, and Spain. Our data are monthly and cover the period from 2004M01 through 2014M07. In contrast to …
Persistent link: https://www.econbiz.de/10013492698
cannot apply to Ireland and Iceland. In both cases, these nations adopted the neoliberal attitude toward banks that was … decisions. Even in our case it was a huge mistake — but it was “affordable.” Ireland and Iceland were not so lucky, as their … Ireland had given up its own currency in favor of what is essentially a foreign currency — the euro, which is issued by the …
Persistent link: https://www.econbiz.de/10013110505