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Displaying results 1 to 10 of 10.

  1. The pillars of trade success
    reflections from the Commonwealth
    Author: Silva, Sacha
    Published: [2016]
    Publisher:  Commonwealth Secretariat, London

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    VS 492
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    Series: International trade working paper / Commonwealth Secretariat ; 2016, 04
    Subjects: trade policy; negotiations; capacity-building; competitiveness; least developedcountries; small states; Commonwealth
    Scope: 1 Online-Ressource (circa 78 Seiten), Illustrationen
  2. Dynamic trade policy for small island developing states
    lessons for the Pacific from the Caribbean
    Author: Nurse, Keith
    Published: [2016]
    Publisher:  Commonwealth Secretariat, London

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    VS 492
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    Language: English
    Media type: Book
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    Series: International trade working paper / Commonwealth Secretariat ; 2016, 18
    Subjects: small island developing states; the Caribbean; the Pacific; trade policy; economic growth
    Scope: 1 Online-Ressource (circa 24 Seiten), Illustrationen
  3. The World Trade Organization post Nairobi
    new approaches and architectures
    Published: [2016]
    Publisher:  Commonwealth Secretariat, London

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 492
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    Language: English
    Media type: Book
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    Series: International trade working paper / Commonwealth Secretariat ; 2016, 21
    Subjects: small states; the single undertaking negotiating model; the World Trade Organization (WTO); WTO negotiation models; Doha Round negotiations; trade policy; international organisations
    Scope: 1 Online-Ressource (circa 10 Seiten)
  4. Understanding the weakness in global trade
    what is the new normal?
    Published: 2016
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    Global trade has been exceptionally weak over the past four years. While global trade grew at approximately twice the rate of GDP prior to the Great Recession, the ratio of global trade to GDP growth has declined to about unity since 2012. This paper... more

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    Global trade has been exceptionally weak over the past four years. While global trade grew at approximately twice the rate of GDP prior to the Great Recession, the ratio of global trade to GDP growth has declined to about unity since 2012. This paper assesses to what extent the change in the relationship between global trade and global economic activity is a temporary phenomenon or constitutes a lasting change. It finds that global trade growth has been primarily dampened by two factors. First, compositional factors, including geographical shifts in economic activity and changes in the composition of aggregate demand, have weighed on the sensitivity of trade to economic activity. Second, structural developments, such as waning growth in global value chains, a rise in non-tariff protectionist measures and a declining marginal impact of financial deepening, are dampening the support from factors that boosted global trade in the past. Notwithstanding the particularly pronounced weakness in 2015 that is assessed to be mostly a temporary phenomenon owing to a number of country-specific adverse shocks, the upside potential for trade over the medium term appears to be limited. The "new normal" for global trade can therefore be expected to look broadly similar to the weakness observed over recent years on average. In this sense, buoyant trade dynamics in the 1990s and early 2000s may have been what was exceptional, rather than the slowdown over recent years.

     

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    Content information
    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289923415
    Other identifier:
    hdl: 10419/154631
    Corporations / Congresses:
    IRC Trade Task Force (VerfasserIn)
    Series: Occasional paper series / European Central Bank ; no 178 (September 2016)
    Subjects: international trade; economic recession; protectionism; world economy; trade policy; trading operation; economic integration
    Scope: 1 Online-Ressource (circa 45 Seiten), Diagramme
  5. The good, the bad and the ugly
    Chinese imports, EU anti-dumping measures and firm performance
    Published: 2016
    Publisher:  Nottingham Centre for Research on Globalisation and Economic Policy, University of Nottingham, Nottingham

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    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; 2016, 16
    Subjects: anti-dumpinga; difference-in-differences; China; European Union; trade policy; lobbying
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  6. Carry trades and monetary conditions
    Published: 04 Oct 2016
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    This paper investigates the relation between monetary conditions and the excess returns arising from an investment strategy that consists of borrowing low-interest rate currencies and investing in currencies with high interest rates, so-called carry... more

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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 534 (1968)
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    This paper investigates the relation between monetary conditions and the excess returns arising from an investment strategy that consists of borrowing low-interest rate currencies and investing in currencies with high interest rates, so-called carry trade". The results indicate that carry trade average excess return, Sharpe ratio and 5% quantile differ substantially across expansive and restrictive conventional monetary policy before the onset of the recent financial crisis. By contrast, the considered parameters are not affected by unconventional monetary policy during the financial crisis.

     

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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289922166
    Other identifier:
    hdl: 10419/154401
    Series: Working paper series / European Central Bank ; no 1968 (October 2016)
    Subjects: monetary policy; investment; interest; trade policy; monetary crisis; financial market
    Scope: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  7. A global trade model for the euro area
    Published: 09 Dec 2016
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    We propose a model for analyzing euro area trade based on the interaction between macroeconomic and trade variables. First, we show that macroeconomic variables are necessary to generate accurate short-term trade forecasts; this result can be... more

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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    DS 534 (1986)
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    We propose a model for analyzing euro area trade based on the interaction between macroeconomic and trade variables. First, we show that macroeconomic variables are necessary to generate accurate short-term trade forecasts; this result can be explained by the high correlation between trade and macroeconomic variables, with the latter being released in a more timely manner. Second, the model tracks well the dynamics of trade variables conditional on the path of macroeconomic variables during the great recession; this result makes our model a reliable tool for scenario analysis.

     

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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289922357
    Other identifier:
    hdl: 10419/154419
    Series: Working paper series / European Central Bank ; no 1986 (December 2016)
    Subjects: Außenhandel; Eurozone; Faktorenanalyse; EU-Staaten; Welt; 06151; macroeconomics; econometrics; international trade; trade policy; trading operation; economic forecasting
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  8. Understanding the weakness in global trade
    what is the new normal?
    Published: 2016
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    Global trade has been exceptionally weak over the past four years. While global trade grew at approximately twice the rate of GDP prior to the Great Recession, the ratio of global trade to GDP growth has declined to about unity since 2012. This paper... more

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    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße
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    Staats- und Universitätsbibliothek Bremen
    No inter-library loan
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 535 (178)
    No inter-library loan

     

    Global trade has been exceptionally weak over the past four years. While global trade grew at approximately twice the rate of GDP prior to the Great Recession, the ratio of global trade to GDP growth has declined to about unity since 2012. This paper assesses to what extent the change in the relationship between global trade and global economic activity is a temporary phenomenon or constitutes a lasting change. It finds that global trade growth has been primarily dampened by two factors. First, compositional factors, including geographical shifts in economic activity and changes in the composition of aggregate demand, have weighed on the sensitivity of trade to economic activity. Second, structural developments, such as waning growth in global value chains, a rise in non-tariff protectionist measures and a declining marginal impact of financial deepening, are dampening the support from factors that boosted global trade in the past. Notwithstanding the particularly pronounced weakness in 2015 that is assessed to be mostly a temporary phenomenon owing to a number of country-specific adverse shocks, the upside potential for trade over the medium term appears to be limited. The "new normal" for global trade can therefore be expected to look broadly similar to the weakness observed over recent years on average. In this sense, buoyant trade dynamics in the 1990s and early 2000s may have been what was exceptional, rather than the slowdown over recent years.

     

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    Content information
    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289923415
    Other identifier:
    hdl: 10419/154631
    Corporations / Congresses:
    IRC Trade Task Force (VerfasserIn)
    Series: Occasional paper series / European Central Bank ; no 178 (September 2016)
    Subjects: international trade; economic recession; protectionism; world economy; trade policy; trading operation; economic integration
    Scope: 1 Online-Ressource (circa 45 Seiten), Diagramme
  9. On domestic demand and export performance in the euro area countries
    does export concentration matter?
    Published: 25 May 2016
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    During economic downturns, weak domestic demand developments seem to be an additional driver of exports, as firms increase their efforts to serve markets abroad to compensate the fall in domestic sales. This may constitute an additional mechanism... more

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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 534 (1909)
    No inter-library loan

     

    During economic downturns, weak domestic demand developments seem to be an additional driver of exports, as firms increase their efforts to serve markets abroad to compensate the fall in domestic sales. This may constitute an additional mechanism adjustment for the euro area countries where real exchange rate variations are limited by the common currency itself and the present low inflation environment. However, this substitution effect between domestic and foreign sales could be different across euro area members. This paper uses panel data techniques to assess the role of the export structure in explaining these differences. Building a novel indicator for product concentration, the results suggest that domestic demand developments are more relevant to explain exports in countries with a lower product concentration index (that is, more diversified exports). This contributes to explain why euro area countries under stress registered different economic performance during the most recent years.

     

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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289921572
    Other identifier:
    hdl: 10419/154342
    Series: Working paper series / European Central Bank ; no 1909 (May 2016)
    Subjects: competitiveness; euro area; export; macroeconomics; trade policy; econometrics; world economy; international trade
    Scope: 1 Online-Ressource (circa 16 Seiten)
  10. The role of price and cost competitiveness for intra- and extra-euro area trade of euro area countries
    Published: 15 Jul 2016
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    This paper studies the importance of price and cost competitiveness for intra- and extra-euro area trade flows of euro area countries. A standard error correction framework shows that price competitiveness is a relatively more important driver of... more

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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    DS 534 (1941)
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    This paper studies the importance of price and cost competitiveness for intra- and extra-euro area trade flows of euro area countries. A standard error correction framework shows that price competitiveness is a relatively more important driver of trade flows outside the euro area as compared to those within the monetary union, especially for exports, that tend to be more sensitive to relative prices than imports. We consider various measures of competitiveness and conclude that it is difficult to single out one that outperforms the others; based on an encompassing test, measures based on labour costs appear to contain relatively more information for trade flows, particularly for exports outside the euro area. The key policy implication is that to adjust competitiveness disequilibria within the monetary union, measures besides those aimed at price and cost adjustments should be pursued in the deficit countries, such as structural policies fostering non-price competitiveness.

     

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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289921893
    Other identifier:
    hdl: 10419/154374
    Series: Working paper series / European Central Bank ; no 1941 (July 2016)
    Subjects: competitiveness; trade policy; euro area; monetary union; trading operation; economic integration; international trade
    Scope: 1 Online-Ressource (circa 63 Seiten), Illustrationen