In this paper, we show that exporters react more strongly to a cut in tariffs by a distant countrywhen their banks have already been specializing in funding exports to this country. To make ourcase, we build upon a theoretical model where an informational advantage provided by theexporter's bank...

Today’s international trade in goods is driven mainly by the growth of exports and imports of the South.Emerging countries naturally gain global market shares in manufactured goods from old industrialized countries, including Europe. This trend has became even more pronounced during the last...

In this article, we examine the dynamics of Global Value Chains (GVCs) since the 2000s. Did it show a marked expansion up to the Great Recession and did GVCs begin a downturn in the 2010s? To better understand the evolution of GVCs at the world level, we use very detailed trade data for 2000 to...