Barriers to trade in services remain poorly understood. This paper investigates how regulatory barriers affect cross-border lending and deposit-taking by banks. Using confidential bank-level data from the Bank of England, we find that UK-resident banks substantially reduced lending to and...

In this paper, we show that the existing models and descriptions of the transfer of capital between countries that are provided in international economics are inadequate because they fail to explain the causes of, or the consequences of, persistent trade imbalances and because the assumption...

In April and in October 2025 China imposed export controls on rare earths amid escalating trade tensions with the United States. Although these measures were too short-lived to generate macroeconomic effects, they signalled China's ability to draw on its dominant position in the rare earth...

Export controls play a prominent role in the ongoing technological race between the United States and China. This study investigates the short-term direct effects of US export controls on US exports as well as the indirect effects of these measures on the exports of third countries. We collect...

Global value chains have recently changed structurally ("servicification")-that is, service sectors' involvement in global value chain processes has become more intensive. We quantify services trade restrictions' contribution to underdevelopment of global value chain servicification across Asian...

This paper draws on trade data, academic literature, government reports, and policy documents to contextualize historic trade dynamics and trace the buildup to recent disputes. Using a comparative framework, we analyze how Sino-U.S. and Sino-Canada relations have shaped and continue to shape...

Power imbalances in EU agri-food value chains have prompted legislators to prohibit 'Unfair Trading Practices' (UTPs). The European UTP framework extends to global value chains (GVCs) such as cocoa and banana chains, where the EU is a major consumer and which are known for the application of...

We study how the end of the quota system for textiles and clothing products in the American and European markets on January 1, 2005, affected China’s exports to third countries, where policy was unchanged. Using a difference-in-differences approach, we find that the number of Chinese firms...

Most barriers to trade in services stem from regulatory measures. This study assesses the degree of regulatory restrictiveness affecting trade in services across Latin America and the Caribbean and the degree of disparities in these measures. It then analyzes the impact of both the level of...

Most barriers to trade in services stem from regulatory measures. This study assesses the degree of regulatory restrictiveness affecting trade in services across Latin America and the Caribbean and the degree of disparities in these measures. It then analyzes the impact of both the level of...

Any manufacturer or innovator - whether headquartered in Munich, San Francisco, Zurich, or Mumbai - that places a product on the European market will soon face a spike in liability risk under the revised EU Product Liability Directive (PLD). Introduced as a consumer protection measure, the...

In this paper, we investigate the scale of the drop in American imports after it imposed punitive tariffs on Chinese goods. Our analysis spans the whole period of Donald Trump's presidency (January 2017 - January 2021). In contrast to existing studies, which are mainly devoted to the impact of...

The EU has agreed to sanction Russia by prohibiting bilateral trade, including food imports. This study aims to determine the impact of EU sanctions on EU19 food imports from Russia. The two-stage least squares (TSLS) and propensity score matching (PSM) were used to analyze EU19 food import data...

I conduct a comprehensive analysis of China's international and domestic border effects. My results confirm the negative impact of administrative borders on exports. In my analysis, I account for multilateral resistance terms, which were omitted in previous relevant studies. My findings show...

This paper empirically examines how standards and technical regulations affect export margins in three African countries at the firm level. The approach involves combining detailed customs transaction data at the firm-product level with bilateral information on non-tariff measures within a...

The decline in international trade following the financial crisis suggests a shift in globalisation and a transformation of the international economic order. Protectionist trade policies have gained prominence as certain major economies increasingly implement tariffs to safeguard domestic...

Global events and geopolitical upheavals, from the COVID-19 pandemic to the US-China trade conflict and Russia-Ukraine war, have propelled the world towards geoeconomic fragmentation. This trend is exemplified by shifts away from free trade and globally integrated supply chains in favour of...

This article examines the underlying motives behind the United States' trade and technological conflict with China since 2018. While the measures undertaken-ranging from tariffs and export controls to investment screening and industrial policy-are often interpreted through the lens of economic...

This study examines two key challenges in services trade research: the reliability of trade data and the measurement of non-tariff barriers, particularly the Services Trade Restrictiveness Index (STRI). Using firm-level panel data from Türkiye with fixed effects, we show that international data...

This paper examines the impact of safeguard import tariffs on market diversity in Ecuador from 2015 to 2017. Using firm-level data, we estimate the effects of tariffs on revenue and market shares in the Manufacturing and Wholesale & Retail (W&R) sectors with a Quantile Treatment Effect on the...

Geoeconomic pressure - the use of existing economic relationships by governments to achieve geopolitical or economic ends - has become a prominent feature of global power dynamics. This paper introduces a methodology using large language models (LLMs) to systematically extract signals of...