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Fear and market failure : global imbalances and "self-insuranceʺ
Miller, Marcus (contributor); Zhang, Lei (contributor) - 2007
This paper proposes an integrated framework to analyze jointly two key issues: the emergence of global imbalances and the precautionary motive for accumulating reserves. Standard models of general equilibrium would predict modest current account surpluses in the emerging markets if they face...
Persistent link: https://www.econbiz.de/10003775798
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Trade Imbalances and Multilateral Trade Cooperation
Marchetti, Juan A. - 2012
Rising current account and merchandise trade imbalances marked the years before the global financial and economic crisis. These imbalances either contributed to or precipitated the crisis and to the extent that they create systemic risks, it is desirable that they be reduced. There are many...
Persistent link: https://www.econbiz.de/10013098002
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Trade, FDI, and Global Imbalances
Li, Wei - 2020
We propose a multi-country dynamic general equilibrium model to quantify the implications of trade and FDI liberalizations for the surge of global trade and current account (CA) imbalances. We calibrate our model to replicate the evolution of bilateral trade and FDI flows across 5 major...
Persistent link: https://www.econbiz.de/10012840844
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Trade Imbalances and Multilateral Trade Cooperation
Marchetti, Juan A.; Ruta, Michele; Teh, Robert - 2021
Rising current account and merchandise trade imbalances marked the years before the global financial and economic crisis. These imbalances either contributed to or precipitated the crisis and to the extent that they create systemic risks, it is desirable that they be reduced. There are many...
Persistent link: https://www.econbiz.de/10013315818
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Channels for Narrowing the US Current Account Deficit and Implications for Other Economies
Brook, Anne-Marie - 2004
In this paper the OECD’s interlink model is used to explore several possible channels through which a narrowing of the US current account deficit could occur. The shocks considered include dollar depreciation, fiscal consolidation, and an improvement in the non-price competitiveness of US...
Persistent link: https://www.econbiz.de/10012444349
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Trade Linkages between CEE Countries and the World Economy During an Era of Global Imbalances
Sobanski, Konrad - 2017
.e. the United States and China, are of a relatively smaller magnitude. Nevertheless, it is worth noting that the share of … China in CEE trade has been dynamically expanding (especially in the years 2010-2013), whereas that of the US economy has … in China's share of global trade, in large part at the expense of the United States …
Persistent link: https://www.econbiz.de/10012949485
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Fishing in the same pool : export strengths and competitiveness of China and CESEE at the EU-15 Market
Schitter, Christian; Silgoner, Maria Antoinette; … - 2012
We investigate the impact of the emergence of China as a global competitor on the trade performance of Central, Eastern … points against cut-throat competition between CESEE and China. The decomposition of export growth along the extensive versus … supplier related competitiveness effect. Both the CESEE region and China successfully intensified their trade linkages above …
Persistent link: https://www.econbiz.de/10011374343
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Large hoarding of international reserves and the emerging global economic architecture
Aizenman, Joshua - 2007
competitive devaluations. The sheer size of China, and its lower sterilization costs suggests that China may be the winner of a … and precautionary motives in the context of China may be challenged by a version of the "peso problem"; Hoarding …
Persistent link: https://www.econbiz.de/10003855040
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Seeking a balanced approach on the global rebalancing : China's answers to international policy cooperation
Wang, Yong - In: Oxford review of economic policy 28 (2012) 3, pp. 569-586
Persistent link: https://www.econbiz.de/10009727410
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The economic complexity of the Visegrád countries and the role of trade with Germany
Soyyiğit, Semanur; Michalski, Bartosz - In: Central European economic journal 9 (2022) 56, pp. 219-236
The contemporary division of production in the global economy poses challenges typical for dependent market economies of the Visegrád countries (V4: Czechia, Hungary, Poland, and Slovakia). This comparative study explores whether the foreign trade of V4 with Germany contributes to their...
Persistent link: https://www.econbiz.de/10013502201