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Assessing the supply chain effect of natural disasters : evidence from Chinese manufacturers

Längle, Katharina; Xu, Ankai; Tian, Ruijie - 2021 - Manuscript date: 12 July 2021

This paper uses Chinese firm level data to detect the international propagation of adverse shocks triggered by the US hurricane season in 2005. We provide evidence that Chinese processing manufacturers with tight trade linkages to the United States reduced their intermediate imports from the...

Persistent link: https://www.econbiz.de/10012614004

Supply Chain Risk : Changes in Supplier Composition and Vertical Integration

Ersahin, Nuri; Giannetti, Mariassunta; Huang, Ruidi - 2022

Using textual analysis of earnings conference calls, we quantify firm level risk arising from the reliability of the supply chain from 2002 to 2020. Our proxy for perceived supply chain risk exhibits cross-sectional and time-series variation that aligns with reasonable priors and is...

Persistent link: https://www.econbiz.de/10013296905

The pure advantage of risk in production

Mandler, Michael - 2021

An increase in the riskiness of a technology will raise economy-wide expected output: the technology can be used intensively if its productivity realization is large and curtailed otherwise. Some investment in even the riskiest technologies can therefore bring Pareto improvements. The observed...

Persistent link: https://www.econbiz.de/10013235191

Growth at risk and uncertainty : evidence from Mexico

Salgado, Alfredo; Trujillo, Alejandro - 2023

We analyze the relationship between uncertainty and economic growth expectations in Mexico through the Growth at Risk … lagged values of a measure of macroeconomic uncertainty and other drivers. Second, based on the fitted values of the quantile … in macroeconomic uncertainty has a negative and statistically significant impact on the left tail of the growth …

Persistent link: https://www.econbiz.de/10014391253

Risk management and derivatives losses

Levin-Konigsberg, Gabriel; Stein, Hillary; García … - 2023 - This version: July 2023

Even though financial risk management has the ability to generate value, the use of financial derivatives among nonfinancial corporations remains limited. We identify a channel that contributes to this limited use: the decoupling of derivatives losses and operational gains. Specifically, firms...

Persistent link: https://www.econbiz.de/10014414181

Low risk sharing with many assets

Marin, Emile A.; Singh, Sanjay R. - 2023

Classical contributions in international macroeconomics rely on goods-market mechanisms to reconcile the cyclicality of real exchange rates when financial markets are incomplete. However, cross-border trade in one domestic and one foreign-currency-denominated risk-free asset prohibits these...

Persistent link: https://www.econbiz.de/10014444414

Trade Integration and Risk Sharing

Kraay, Aart; Ventura, Jaume - 2003

What are the effects of increased trade in goods and services on the trade balance? We study the effects of reducing transport costs in a Ricardian model with complete asset markets and find that this increases the volatility of the trade balance. This result applies regardless of whether supply...

Persistent link: https://www.econbiz.de/10014119190

Trade Integration and Risk Sharing

Kraay, Aart; Ventura, Jaume - 2003

Persistent link: https://www.econbiz.de/10014119581

Determinants of Risk Sharing Through Remittances : Cross-Country Evidence

Balli, Faruk - 2014

The sending of remittances is a decentralised decision of migrant workers, nevertheless it has its macroeconomic implication in providing insurance against domestic output shocks in the recipient economies – a phenomenon known in literature as risk sharing. Using a large sample of 86...

Persistent link: https://www.econbiz.de/10013060396

International Risk Sharing and Globalization

Pierucci, Eleonora - 2012

The main research question of this empirical work is whether or not globalization, in its various forms, has had an impact upon international risk sharing. The empirical literature so far has only investigated on one aspect of globalization: economic and financial integration. By decomposing...

Persistent link: https://www.econbiz.de/10013112638