and their volatility on trade flows in two small, open economies – Chile and New Zealand – with three major trading … exchange volatility impacts trade flows in the small, open economies more than was found for larger economies. Findings do not … clearly indicate the direction of the impact, i.e. whether this volatility increases or decreases trade in all countries and …

spillovers from macroprudential policy. Moreover, I find that the overall effect from more macroprudential regulation is highly …

, with potential global spillovers, as was already experienced in mid-2013 when the mere discussion of tapering unsettled … bond yield shock would not have large trade spillovers in the absence of crisis events in the United States or abroad, an … spillovers given their generally less liquid financial markets and, in some cases, weak fundamentals related to the banking …