Using highly disaggregated US import data from 157 countries between 1996 and 2009, we first provide evidence that banking crises negatively affect the survival of trade relations. On average, the occurrence of a banking crisis decreases the rate of survival of trade relations by 13 percent....

We examine the impact of banking crises on the duration of trade relations. We also investigate the effect of product-level characteristics, such as the size of exports and exporting experience, and of sector-level financial dependence variables, on the time to recover after a banking crisis....

Using a trade in task model that extends the one of Ottaviano, Peri, and Wright (2010) to three countries, we study the effects of immigration and offshoring costs on employment. Tasks can be performed by migrants, offshore workers or natives, with sorting along a continuum of task determined by...

We study how natural resource booms affect the real exchange rate in a situation where there are input-output linkages between the manufacturing sector and the natural resource sector. An increase in revenues from natural resources might de-industrialize an economy by raising the real exchange...

Financial liberalization may have a positive effect on growth not only through the increase in the quantity of the available funds, but also through a more efficient allocation of resources across firms and sectors. Despite this intuitive appeal, there is little empirical evidence on the...

With further declines in international assistance expected over the coming years, the government of Afghanistan faces a new challenge of enabling new growth drivers. One such driver is trade. Decades of civil war and military occupation that culminated in the fall of the Taliban in 2001, have...