international markets. This framework is then applied to analyse the trade specialisation of Argentina, Brazil and Chile (ABC …

This paper examines the factors that give rise to intermediaries in exporting and explores the implications for trade … underlying differences between direct and intermediary exporters have important consequences for trade flows. The ability of …

frictions, and foreign trade. This framework emphasizes firm heterogeneity and search and matching frictions in labor markets …. It implies that the opening of trade may raise inequality and unemployment, but always raises welfare. Unilateral … country's trade partner. Unemployment benefits can alleviate the distortions in a country's labor market in some cases but not …

disadvantage diminishes if structural reform is adopted to reduce the volatility in capital flows.<P>Les déséquilibres mondiaux, l …

associated with large changes in trade balances and despite the polarisation of international investment positions large currency … reducing exchange rate pass-through to the terms of trade, which may in turn have contributed to reducing the response of trade …

empirical analysis showing that terms-of-trade and saving/investment behaviour seem to have driven the euro exchange rate over …

currency. To give a better sense of perspective, the paper compares recent exchange rate movements and measures of volatility …