In a very dynamic and volatile business environment, multinational companies view the intra-company exchange as a factor of developing the enterprise’s capacities and total revenue growth. The paper is aimed at performing econometric evidence of the total revenues of “Tondach” company,...

An open economy inserted in an environment with increasing participation of global value chains, such as the Chilean economy, requires information about how its business integrates into international markets. The contribution of this study is that it evaluates the stages and patterns of Chilean...

The article summarises the main lessons of the Bank’s 2010 conference which focused on international trade and foreign direct investment. The research is based on a microeconomic approach to the behaviour of Belgian firms, with reference to developments in the scientific literature on the...

The study explores the influence of environmental risk (macroeconomic uncertainty and environmental sustainability risk) on the inflow of foreign direct investment (FDI), utilizing data from 37 economies in sub-Saharan Africa (SSA) from 1996 to 2019. The empirical analyses were carried out using...

The financial crisis lastingly transformed the global economic environment and raised much debate as to its causes and transmission channels. This conference, organised by the Banque de France, PSE and the IMF, provided an arena to present and discuss these issues.

This paper studies the role of the credit crunch in the severe contraction of economic activity during the 2008–09 global financial crisis, using firm-level data from six emerging Asian economies. After controlling for the effect of falling demand, we find that sales declined by less for firms...

This article aims to analyze how the financial crisis that bursted in the mid-2008 led to a global and regional drop in trade flows. It starts from a comparison of the Great Depression shock to what happened during the Great Recession. Based on the similarities and differences found in the...

We investigate how the export performance in China is influenced by credit constraints. Using panel data from Chinese customs, we show that credit constraints affect the sectoral composition of exports. We confirm that credit constraints provide an advantage to foreign-owned firms and joint...

Highly dynamic and large scale structural changes are currently reshaping the world economy and international trade. When compared to other similar experiences in the past, astonishing is not only the fast pace of global transformations, but also their wide scope affecting virtually the entire...

This article aims to analyze how the financial crisis that bursted in the mid-2008 led to a global and regional drop in trade flows. It starts from a comparison of the Great Depression shock to what happened during the Great Recession. Based on the similarities and differences found in the...