This chapter investigates how economic diplomacy can be used to generate and increase economic security. The first section sets out a definition for economic diplomacy, uncovers some of the historical roots and discusses empirical findings on the trade - conflict - cooperation relationships. The...

States design some international institutions more flexibly than others. What explains this variation? Focusing on preferential trade agreements, we argue that different aspects of institutional design are interdependent. In particular, we posit that deep agreements create an incentive for...

Old international relations theories never die. They don’t even fade away. Perhaps the most tenacious of them all is hegemonic stability theory (HST), which is the argument that a hegemonic power is necessary to maintain a stable, open international economic order because only a hegemon is...

Many politically and economically important groups are themselves comprised of groups. Examples of such multilevel group structures include coalition governments, labor confederations and multinational agreements. This paper develops a model of multilevel group structures. The results establish...

From an economic point of view, digital transformation has a positive effect on competition. Although the immanent characteristics of information goods, such as network effects in particular, favour the emergence of monopolies, cost reductions also lead to an intensification of (international)...

The financial crisis has contributed to increase the debt to GDP ratio in G7 countries, that intervened to make their economies landing softer; the stockpiling of public debt among G7 countries in the presence of slow growth makes policy coordination necessary to reduce the potential risks of...

This paper attempts to bring the tradition of estimating policy reaction functions from monetary policy literature to capital controls policy literature. Using a novel, weekly dataset on capital controls policy actions in 21 emerging economies over the period 1 January 2001 – 31 December 2015,...

The large economic costs associated with the Global Financial Crisis have generated renewed interest in macroprudential policies and their international coordination. Based on a core-periphery model that emphasizes the role of international financial centers, we study the effects of coordinated...

Do WTO commitments reduce the risk of trade policy reversals? To address this question, we rely on the theoretical model of varying cooperative tariffs by Bagwell and Staiger (1990) to specify our empirical model for the probability of a tariff increase. We then study how WTO tariff commitments...

The ability to finance conflict likely affects the odds of sustaining a war and succeeding in it. Recent literature explores rebel group funding, but far less is known about how states finance their own war efforts. This paper posits that the design of central banks should affect civil war...