This paper presents the most comprehensive and up-to-date panel data set of invoicing currencies in global trade. It provides data on the shares of exports and imports invoiced in US dollars, euros, and other currencies for more than 100 countries since 1990. The evidence from these data...

China introduced yuan-denominated trade settlement in July 2009 to help its exporters avoid exchange rate risk. The pilot regions eligible to use the new settlement scheme in their trade with Hong Kong and Macao are Guangdong province and the Yangtze Delta region (Shanghai city, Jiangsu...

We introduce the revised version of the KOF Globalisation Index, a composite index measuring globalization for every country in the world along the economic, social and political dimension. The original index was introduced by Dreher (2006) and updated in Dreher et al. (2008). This second...

In this paper we present and describe the revised version of the KOF Globalisation Index, a composite index measuring globalisation for every country in the world along the economic, social and political dimension. The original index was introduced by Dreher (2006) and updated in Dreher et al....

We introduce the revised version of the KOF Globalisation Index, a composite index measuring globalization for every country in the world along the economic, social and political dimension. The original index was introduced by Dreher (2006) and updated in Dreher et al. (2008). This second...

This paper aims to contribute to the contemporary policy debate on the role of trade policy reforms in economic development and poverty reduction in developing countries through a review of Trade Liberalisation and The Poverty of Nations by A.P. Thirlwall and Penelope Pacheco-Lopez (Cheltenham,...

Trade and industrial production have been increasingly interlinked, thanks to the vertical integration of global manufacturing through outsourcing and off-shoring. The expansion of international supply chains apparently determined an increase in trade elasticity observed since the late 1980s,...

This background paper provides a general picture of the characteristics and dynamics of Global Value Chains (GVC) in the Commonwealth countries. The main building blocks of the empirical analysis are based on a measure of inter-industrial linkages between and across between 43 of the 53...

Conventional economic analysis assumes that Central Counterparties (CCPs) may help to reduce systemic risk and avoid future financial crises by mandating the central clearing of over-the-counter (OTC) derivatives. This view largely goes unchallenged by governments, regulators, practitioners, and...