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Beyond borders : how geopolitics is reshaping trade

Bosone, Costanza (contributor); … - European Central Bank - 2024

Rising trade tensions, a spate of trade-inhibiting policy measures and a weakening of multilateral institutions have sparked a growing concern about the potential implications of global trade fragmentation. Yet, empirical evidence that geopolitical considerations are already materially affecting...

Persistent link: https://www.econbiz.de/10015275659

The Euro Plus Pact : cost competitiveness and external capital flows in the EU countries; N° 1650 / March 2014

Gabrisch, Hubert (contributor); Staehr, Karsten (contributor) - European Central Bank - 2014

The Euro Plus Pact was approved by 23 EU countries in March 2011 and came into force shortly afterwards. The Pact stipulates a range of quantitative targets meant to strengthen cost competitiveness with the aim of preventing the accumulation of external financial imbalances. This paper uses...

Persistent link: https://www.econbiz.de/10015302360

"Made in China" : how does it affect our understanding of global market shares?

Benkovskis, Konstantins (contributor); … - European Central Bank - 2014

intermediate inputs. For instance, the seemingly improved relative quality of BRIC export goods largely arose from intermediate …

Persistent link: https://www.econbiz.de/10015304082

How do exporters react to changes in cost competitiveness?

Decramer, Stefaan (contributor); Fuss, Catherine (contributor) - European Central Bank - 2015

international export performance at the firm level. To this end, we use Belgian firm-level data for the period 1999-2010 to analyze … significant negative effect of unit labor costs on export performance of firms with an estimated elasticity of the intensive … costs reduce the probability of starting to export for non-exporters and increase the probability of exporters stopping …

Persistent link: https://www.econbiz.de/10015298611

Assessing European firms' exports and productivity distributions : the CompNet trade module

Berthou, Antoine (contributor); Dhyne, Emmanuel (contributor) - European Central Bank - 2014

and export performance among European economies. We use the information compiled in the Trade module of CompNet to …-exporters. However, this productivity premium is rising with the export experience of firms, with permanent exporters being much more …

Persistent link: https://www.econbiz.de/10015301279

Network effects, homogeneous goods and international currency choice : new evidence on oil markets from an older era; N° 1651 / March 2014

Eichengreen, Barry (contributor); Chiţu, Livia (contributor) - European Central Bank - 2014

Conventional wisdom has it that network effects are strong in markets for homogenous goods, leading to the dominance of one settlement currency in such markets. The alleged dominance of the dollar in global oil markets is said to epitomize this phenomenon. We question this presumption with...

Persistent link: https://www.econbiz.de/10015301369

Exploring price and non-price determinants of trade flows in the largest euro-area countries : 1789 / May 2015

Giordano, Claire (contributor); … - European Central Bank - 2015

Since the mid-2000s price-competitiveness indicators for some euro-area countries have been providing conflicting signals. Against a stability of the producer price (PPI)-based measure, the manufacturing unit labour cost (ULCM)-deflated indicator points to a major competitiveness loss in Italy;...

Persistent link: https://www.econbiz.de/10015296811

Assessing European competitiveness : the contribution of CompNet research

Mauro, F. di (contributor); Ronchi, Maddalena (contributor) - European Central Bank - 2015

solely on the original mandate of explaining export competitiveness, the Network has extended the scope of its research to …

Persistent link: https://www.econbiz.de/10015298350

Mapping competitive pressure between China and EU countries

Benkovskis, Konstantins (contributor); … - European Central Bank - 2014

China's impressive export growth over past decades has raised concerns that European producers might be driven out of … China, but also to maintain their presence in existing export markets, especially in times of economic turbulence - i …

Persistent link: https://www.econbiz.de/10015301853

Micro-based evidence of EU competitiveness : the CompNet database; N° 1634 / February 2014

European Central Bank; CompNet Task Force - 2014

Drawing from confidential firm-level balance sheets in 11 European countries, the paper presents a novel sectoral database of comparable productivity indicators built by members of the Competitiveness Research Network (CompNet) using a newly developed research infrastructure. Beyond aggregate...

Persistent link: https://www.econbiz.de/10015302472