Showing 81 - 90 of 239
Wie würde die deutsche Wirtschaft eine harte wirtschaftliche Abkopplung von China bewältigen? Um dem nachzugehen, simulieren die Autoren mithilfe eines quantitativen Handelsmodels ein Szenario, in dem sich die Weltwirtschaft in drei Blöcke aufspaltet: die G7-Staaten und ihre Verbündeten,...
Persistent link: https://www.econbiz.de/10014466968
How would the German economy cope with a hard economic decoupling from China? The authors study a scenario where the global economy fragments into three distinct blocs: the G7 economies and their allies, China and her allies, as well as neutral countries. German trade with China would have to be...
Persistent link: https://www.econbiz.de/10014515222
The extensive margin of bilateral trade exhibits a high level of persistence that cannot be explained by geography or trade policy. We combine a heterogeneous firms model of international trade with bounded productivity with features from the firm dynamics literature to derive expressions for an...
Persistent link: https://www.econbiz.de/10012100530
How do exporting firms react to sanctions? Specifically, which firms are willing - or capable - to serve the market of a sanctioned country? We investigate this question for four sanctions episodes drawing on recent econometric advances in bias-corrected dynamic high-dimensional fixed effects...
Persistent link: https://www.econbiz.de/10012259644
This paper investigates the heterogeneous responses of exporters to policy reforms undertaken by the People’s Bank of China to internationalize the Renminbi (RMB). Using detailed customs data from France for the initial years of these reforms (2011-2017), it documents several novel stylized...
Persistent link: https://www.econbiz.de/10014560741
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Persistent link: https://www.econbiz.de/10012807696
Although the number of interstate disputes has fallen in the past 30 years, rising geopolitical competition is challenging the foundation of the absence of great power war. Additionally, the number of internal conflicts is surging. At the same time, globalisation has spun a net of global trade...
Persistent link: https://www.econbiz.de/10013266361
Handels- und Finanzsanktionen sind ein häufig verwendetes Instrument der Außenpolitik. Sie sollen der Wirtschaft des Ziellandes durch Barrieren im Waren-, Kapital- und Personenverkehr schaden, um damit politischen Druck auszuüben. In ihrer modernen Form ("Smart Sanctions") versprechen sie...
Persistent link: https://www.econbiz.de/10012000244
Economic sanctions are a frequently used tool of foreign policy. Constraining trade flows towards or from the target country is supposed to coerce its government into changing certain policies. However, sanctions constitute an obstacle to trade, thereby affecting flows of all countries,...
Persistent link: https://www.econbiz.de/10011746005