Recent developments in South Asian countries, especially the re-emergence of democratic governments, new growth momentum despite the global economic downturn and greater openness, warrant a fresh look at the region's prospects for economic integration. On the basis of a thorough review of the...

The concept of globalization refers to the growing interdependence of countries, resulting from the increasing integration of trade, finance, investments, labor markets and ideas in one globalmarketplace. The most important elements of this process are the international trade and the...

The goal of the present paper is two-fold. First, I explore the impact of different trade patterns on industrial specialisation and consequently on business cycle co-movements between and within different regions. Especially, I emphasize industrial specialisation as a result of intra- or...

The purpose of this paper is to investigate the intertemporal linkages between FDI and disaggregated measures of international trade. We outline a model exemplifying some of these linkages, describe several methods for investigating two-way feedbacks between various categories of trade, and...

Since 1991, the Government of India has been pursuing a program of structural reforms aimed at stabilizing the economy and promoting reliance on market mechanisms. Bengal Initiative for BIMSTEC (Multi Sectoral Technical and Economic Cooperation) is one of many regional trade agreements that...

This paper shows that bank linkages have a positive effect on international trade. A global banking network (GBN) is constructed at the bank level, using individual syndicated loan data from Loan Analytics for 1990-2007. Network distance between bank pairs is computed and aggregated to country...

This paper finds that firms' trade credit, the financing provided by upstream input suppliers along the supply chain, plays an important role in determining firms' exportation. In a panel data set of manufacturing firms in 25 Eastern European and Central Asian countries between 2001 and 2007, we...

Does financial sector foreign direct investment (FSFDI) provide positive signals (Spence, 1973) for economic development or quot;crowd outquot; trade and investment? While there is a growing body of literature on the direct effects of foreign bank investment in Central, Eastern and South-Eastern...

This volume was prepared by Inga Heiland while she was working at the Ifo Institute. It was completed in July 2016 and accepted as a doctoral thesis by the Department of Economics at the University of Munich. It comprises five chapters addressing one or more aspects of international trade and...

EU11 economies are among the most open economies globally. The process of trade integration and the creation of GVCs also drove a significant inflow of FDI into these countries. While integration into the EU and FDI have enhanced their growth potential, these developments have also made them...