Spanish Abstract: El reconocimiento de la importancia que la estabilidad financiera tiene para el crecimiento económico sostenido de un país ha generado un intenso debate sobre su relación con los distintos ámbitos de la política económica. Uno de los aspectos más importantes es la...

Spanish Abstract: La rápida expansión de China en la economía mundial está teniendo importantes repercusiones globales. Una de ellas es la atracción por parte de China de una enorme cantidad de inversión extranjera directa (IED). De hecho, dicho país se ha convertido en el primer receptor...

India's outward direct investment (ODI) has grown very fast, especially since the global financial crisis erupted. In this paper, we analyze empirically what are the factors behind the geographical destination of India's ODI. We estimate a gravity model using weighted EGLS into a panel data of...

After analysing the evolution of exports from the large Latin American countries over the last decade, and examining on a case by case basis the determinants for each country's performance, this study concludes that competitiveness in the manufacturing sectors of most countries in the region...

Spanish Abstract: Tras analizar conjuntamente la evolución de las exportaciones de los principales países latinoamericanos en la última década y examinar caso a caso los determinantes del desempeño de cada país, este estudio concluye que la competitividad del sector manufacturero en la...

We analyze empirically whether trade and financial linkages between two countries increase the synchronization of their business cycles directly or indirectly. In a system of equations, we use a newly processed database on the bilateral linkages of a small open economy, namely Spain. We prefer...

In this paper, we highlight three characteristics of China-Latin American economic relations. China-Latin American economic relationships are asymmetric, comparative-advantage driven and motivated by both political and economic considerations. There are several co-operative measures that China...

The rapid rise of trade in part of components –in the context of an increasingly important global production chain – is a key future of Asia's economic miracle. This paper aims at analyzing empirically what are key determinants of trade in parts and components. The focus is Latin America and...

We analyze how Brazilian financial markets, in particular futures interest rates, react to monetary policy both in terms of deeds, i.e. changes in the policy rate, and words, i.e. central bank communication. Using daily data from 2005 to 2014, we find that the futures interest rates react in the...

Chinese official statistics may be distorted by the presence of stop-over destinations such as Hong Kong and offshore centers in the Caribbean. In this paper we recalculate these flows in a way which accounts for these distortions, estimating the actual magnitude and distribution of China's ODI...