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issues, such as the impact of regional trade agreements, national borders and currency unions on trade, as well as the use of …
Persistent link: https://www.econbiz.de/10005696163
National borders are a big hurdle to the expansion of the open economy. Integration today remains imperfect because … national borders translate into trading costs, including differences in monetary regimes. Political borders shelter many goods …. Borders are thicker for the small countries than the large countries. Regional trade arrangements have softened or, in some …
Persistent link: https://www.econbiz.de/10005453620
National borders are a big hurdle to the expansion of the open economy. Integration today remains imperfect because … national borders translate into trading costs, including differences in monetary regimes. Political borders shelter many goods …. Borders are thicker for the small countries than the large countries. Regional trade arrangements have softened or, in some …
Persistent link: https://www.econbiz.de/10004990640
issues, such as the impact of regional trade agreements, national borders and currency unions on trade, as well as the use of …
Persistent link: https://www.econbiz.de/10014048374
The economic integration of North America, unlike that of Europe, has no parallels on the political front, and U.S. economic and political interests are world-wide, while those of Canada and Mexico are predominantly regional. These facts have important implications for the degree of policy...
Persistent link: https://www.econbiz.de/10005212375
The aim of this paper is to estimate the trade gains arising from the constitution of a currency union for a set of economically large, developed nations who create a monetary union as a deliberate economic policy action: namely, for the members of the euro area. With a 1980-2001 sample, no...
Persistent link: https://www.econbiz.de/10005818856
How do trade costs affect international trade? This paper offers a new approach. We rely on a flexible gravity equation that predicts variable trade cost elasticities, both across and within country pairs. We apply this framework to the effect of currency unions on international trade. While we...
Persistent link: https://www.econbiz.de/10011867116
National borders are a big hurdle to the expansion of the open economy. Integration today remains imperfect because … national borders translate into trading costs, including differences in monetary regimes. Political borders shelter many goods …. Borders are thicker for the small countries than the large countries. Regional trade arrangements have softened or, in some …
Persistent link: https://www.econbiz.de/10014026408
Public pension funds are, by far, the world's preeminent asset owners, with more than $ 25 trillions in combined assets. The largest pension funds are found in the United States, Canada, Australia, Japan, the Netherlands and the UK ("pension superpowers"). How they are managed, their funding...
Persistent link: https://www.econbiz.de/10014030997
This paper analyzes the causes of the sovereign debt crisis in the eurozone and examines the policy alternatives confronting euro area governments. It suggests that pooling fiscal risks, creating an EU Treasury and issuing jointly-backed euro bonds is an optimal solution and the inevitable...
Persistent link: https://www.econbiz.de/10013111171