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This paper examines the impact of trade on employment, wages, and other outcomes across countries and explores the conditions and policies that help spread the gains from trade more evenly throughout the population. We exploit a large global firm-level dataset to examine the impact of import...
Persistent link: https://www.econbiz.de/10012605685
This paper reviews the extent to which the Fund’s trade policy advice to the Baltic countries, Russia and other …
Persistent link: https://www.econbiz.de/10014396086
Global trade growth has slowed since 2012 relative both to its strong historical performance and to overall economic growth. This paper aims to quantify the role of weak economic growth and changes in its decomposition in accounting for the slowdown in trade using a reduced form and a structural...
Persistent link: https://www.econbiz.de/10011763603
All common real effective exchange rate indexes assume trade is only in final goods, despite the growing presence of global supply chains. Extending effective exchange rate indexes to include such intermediate goods can imply radically different effective exchange rate weights, depending on the...
Persistent link: https://www.econbiz.de/10011932479
explicitly the role of export opportunities. Our results indicate that globalization does not affect firm exit significantly but … switched products as an offensive strategy to take advantage of the export opportunities created by trade liberalization …
Persistent link: https://www.econbiz.de/10014401739
We examine empirically the episode of extraordinary turbulence in global financial markets during 1998. The analysis focuses on the market assessment of credit risk captured by daily movements in bond spreads for twelve countries. A dynamic latent factor model is estimated using indirect...
Persistent link: https://www.econbiz.de/10014399584
The Mexican, Asian, and Russian crises of the mid- and late 1990s have renewed interest among policymakers in the determinants and effects of private capital inflows. This paper analyzes whether policies can affect the composition of capital inflows and whether different compositions aggravate...
Persistent link: https://www.econbiz.de/10014399654
This paper investigates the contagion from Russia to Brazil in late 1998 under two dimensions— players involved and the … from Russia to Brazil, the most likely place of the transmission was the off-shore Brady market. Finally, the paper does …
Persistent link: https://www.econbiz.de/10014403494
This paper reviews the economic conditions in central Asia at the time of the Russian financial crisis of August 1998; the channels by which the crisis was transmitted to the central Asian region; and the policy responses. The paper concludes that, while real exchange rates of central Asian national...
Persistent link: https://www.econbiz.de/10014403531
, banking crises, changes in export and import prices, and real exchange rate depreciation. To estimate the effect of … constrained trade finance on trade flows, we estimate import and export volume equations including explicitly trade financing as … constrained trade finance is a factor in explaining both export and import volumes in the short-run. A fall in external trade …
Persistent link: https://www.econbiz.de/10014404046