We investigate whether globalization influenced credit market deregulation over the period 1970-2010. Globalization is measured by the KOF indices of globalization. Credit market deregulation is measured by the credit market freedom indicators of the Fraser Institute. The results from both...

We provide novel evidence on the micro-structure of international trade during the 2008 financial crisis and subsequent global recession exploring a rich firm-level data set from Spain. The analysis is motivated by the surprisingly strong export performance of Spain in the aftermath of the great...

Im Zeitraum von 1970–2010 sind sowohl die Globalisierung als auch die Kreditmarktderegulierung stark vorangeschritten. In einer neuen Studie wurde untersucht, ob diese beiden Entwicklungen zusammenhängen und die Globalisierung zu einer Kreditmarktderegulierung geführt hat. Die Analyse kann...

Recent disruptions to global value chains (GVCs) have raised an important question: Can decoupling from GVCs increase a country’s welfare by reducing its exposure to foreign supply shocks? We use a quantitative trade model to simulate GVCs decoupling, defined as increased barriers to global...