large parts of the world. In this paper we explore the financial and the trade channel in a unified framework and quantify … losses in the value of cross-border asset holdings. Calibrated to German data, the model predicts the trade channel to be …. The transmission via the financial channel triggers a much longer-lasting recession relative to the trade channel …

A large empirical literature has shown that countries that trade more with each other have more correlated business … cycles. We show that previous estimates of this relationship are biased upward because they ignore common trade exposure to … other countries. When we account for common trade exposure to foreign business cycles, we find that (1) the effect of …

A large empirical literature has shown that countries that trade more with each other have more correlated business … cycles. We show that previous estimates of this relationship are biased upward because they ignore common trade exposure to … other countries. When we account for common trade exposure to foreign business cycles, we find that (1) the effect of …

, transmission channel originates in the interplay between financial integration and terms of trade movements in response to the …

, testing for the importance of pairwise country links as well as characteristics of the receiving country (trade and financial … open- ness, exchange rate regime, fiscal variables). We find that trade integration fosters the spill-over of business … cycles, both bilaterally and as a country characteristic (trade openness). Results for financial integration are mixed …

The paper empirically examines the differential effects of trade on economic growth and investment based on cross …-country data. In general, the results are largely consistent with the positive impact of trade on economic growth as found in the … literature. However, the empirical results based on different categories of countries show that whereas trade has positively …

We propose a multi-country dynamic general equilibrium model to quantify the implications of trade and FDI … of bilateral trade and FDI flows across 5 major economies as well as their CA balances over 1996-2014. Our counterfactual … experiments suggest that the decline in trade and FDI costs accounts for about half of the increase in global trade imbalances and …

between FDI and manufacturing trade. More precisely, applying Geweke (1982)'s decomposition method, we find that most of the … linear feedback between trade and FDI (81%) can be accounted for by Granger-causality from FDI gross flows to trade openness … (50%) and from trade to FDI (31%). The rest of the total linear feedback is attributable to simultaneous correlation …

of GDP per capita. Because FDI and trade are two important components of economic growth in Bangladesh, it is important …The study reveals that there is a relationship between foreign direct investments, trade, and growth rate of per capita … do not show any auto-correlation. The trade and foreign investment variables have a significant impact on the growth rate …

’s trade and FDI inflows. The economic distance between Vietnam and her partner countries has a significantly positive … influence on the country’s bilateral trade and FDI inflows. …This study examines the effect of relative economic distance (RED) between countries on bilateral foreign trade and …