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Sources and Transmission of Country Risk

Hassan, Tarek A.; Schreger, Jesse; Schwedeler, Markus; … - National Bureau of Economic Research - 2021

We use textual analysis of earnings conference calls held by listed firms around the world to measure the amount of risk managers and investors at each firm associate with each country at each point in time. Flexibly aggregating this firm-country-quarter-level data allows us to systematically...

Persistent link: https://www.econbiz.de/10012696435

What Determines Bilateral Trade Flows?

Baxter, Marianne - 2006

This paper undertakes an exhaustive search for robust determinants of international trade, where "robustness" is tested using three popular empirical methods. The paper is frankly atheoretical: our goal is solely to establish statistically robust relationships. Along the way, however, we relate...

Persistent link: https://www.econbiz.de/10012466480

Inequality, Nonhomothetic Preferences, and Trade : A Gravity Approach

Dalgin, Muhammed - 2004

In this paper, we show that inequality is an important determinant of import demand, in that it augments the standard gravity model in a significant way. We interpret this result with the aid of a model in which tastes are nonhomothetic. Classification of products, based on the correlation...

Persistent link: https://www.econbiz.de/10012467890

A Gravity Model of Sovereign Lending : Trade, Default and Credit

Rose, Andrew K. - 2002

One reason why countries service their external debts is the fear that default might lead to shrinkage of international trade. If so, then creditors should systematically lend more to countries with which they share closer trade links. We develop a simple theoretical model to capture this...

Persistent link: https://www.econbiz.de/10012469423

The Role of History in Bilateral Trade Flows

Eichengreen, Barry - 1996

This paper investigates the theory and evidence that history plays a role in shaping the direction of international trade. Because there are reasons to anticipate a positive correlation between the predominant direction of trade flows in the past and membership in preferential arrangements in...

Persistent link: https://www.econbiz.de/10012473283

Determinants of Bilateral Trade : Does Gravity Work in a Neoclassical World?

Deardorff, Alan V. - 1995

trade declining in distance, with departures from it that depend on relative transport costs. Conclusions are, first, that …

Persistent link: https://www.econbiz.de/10012473490

The Gravity Equation in International Trade : An Explanation

Chaney, Thomas - 2013

between two countries is proportional to size, measured by GDP, and inversely proportional to the geographic distance between … them. While the role of size is well understood, the role of distance remains a mystery. I propose the first explanation … longer distances on average, then aggregate trade is inversely proportional to distance. Data on firm level, sectoral, and …

Persistent link: https://www.econbiz.de/10012459376

The Global Financial Cycle

Miranda-Agrippino, Silvia; Rey, Hélène - National Bureau of Economic Research - 2021

We review the literature on the empirical characteristics of the global financial cycle and associated stylized facts on international capital flows, asset prices, risk aversion and liquidity in the financial system. We analyse the co-movements of global factors in asset prices and capital flows...

Persistent link: https://www.econbiz.de/10012660005

Risks and global supply chains : What we know and what we need to know

Baldwin, Richard E.; Freeman, Rebecca - National Bureau of Economic Research - 2021

Recent supply disruptions catapulted the issue of risk in global supply chains (GSCs) to the top of policy agendas and created the impression that shortages would have been less severe if GSCs were either shorter and more domestic, or more diversified. But is this right? We start our answer by...

Persistent link: https://www.econbiz.de/10012660121

Trade-Policy Dynamics : Evidence from 60 Years of U.S.-China Trade

Alessandria, George A.; Khan, Shafaat Yar; … - National Bureau of Economic Research - 2021

We study the growth of Chinese imports into the United States from autarky during 1950-1970 to about 15 percent of overall imports in 2008, taking advantage of the rich heterogeneity in trade policy and trade growth across products during this period. Central to our analysis is an accounting for...

Persistent link: https://www.econbiz.de/10012616570