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Author : Richard E. Baldwin
Release : 2009
Genre : Commercial policy
Kind : eBook
Book Rating : 061/5 ( reviews)
Book Synopsis The Great Trade Collapse: Causes, Consequences and Prospects by : Richard E. Baldwin
Download or read book The Great Trade Collapse: Causes, Consequences and Prospects written by Richard E. Baldwin. This book was released on 2009. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Richard E. Baldwin
Release : 2009
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis The Great Trade Collapse by : Richard E. Baldwin
Download or read book The Great Trade Collapse written by Richard E. Baldwin. This book was released on 2009. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Natalie Chen
Release : 2016-02-18
Genre : Business & Economics
Kind : eBook
Book Rating : 343/5 ( reviews)
Book Synopsis Quality and the Great Trade Collapse by : Natalie Chen
Download or read book Quality and the Great Trade Collapse written by Natalie Chen. This book was released on 2016-02-18. Available in PDF, EPUB and Kindle. Book excerpt: We explore whether the global financial crisis has had heterogeneous effects on traded goods differentiated by quality. Combining a dataset of Argentinean firm-level destination-specific wine exports with quality ratings, we show that higher quality exports grew faster before the crisis, but this trend reversed during the recession. Quantitatively, the effect is large: up to nine percentage points difference in trade performance can be explained by the quality composition of exports. This flight from quality was triggered by a fall in aggregate demand, was more acute when households could substitute imports by domestic alternatives, and was stronger for smaller firms' exports.
Author : Jean-Pierre Chauffour
Release : 2011-06-22
Genre : Business & Economics
Kind : eBook
Book Rating : 480/5 ( reviews)
Book Synopsis Trade Finance during the Great Trade Collapse by : Jean-Pierre Chauffour
Download or read book Trade Finance during the Great Trade Collapse written by Jean-Pierre Chauffour. This book was released on 2011-06-22. Available in PDF, EPUB and Kindle. Book excerpt: On September 15, 2008, Lehman Brothers, the fourth largest U.S. investment bank filed for bankruptcy. Global credit markets tightened. Spreads skyrocketed. International trade plummeted by double digits. Banks were reportedly unable to meet the demand from their customers to finance their international trade operations, leaving a trade finance 'gap' estimated at around US$25 billion. Governments and international institutions felt compelled to intervene based on the information that some 80-90 percent of world trade relies on some form of trade finance. As the recovery unfolds, the time has come to provide policy makers and analysts with a comprehensive assessment of the role of trade finance in the 2008-09 great trade collapse and the subsequent role of governments and institutions to help restore trade finance markets. After reviewing the underpinning of trade finance and interfirm trade credit, 'Trade Finance during the Great Trade Collapse' aims to answer the following questions: - Was the availability and cost of trade finance a major constraint on trade during the 2008-09 global economic crisis? - What are the underpinnings and limits of national and international public interventions in support of trade finance markets in times of crisis? - How effective were the public and private sector mechanisms put in place during the crisis to support trade and trade finance? - To what extent have the new banking regulations under Basel II and Basel III exacerbated the trade finance shortfall during the crisis and in the post-crisis environment, respectively? 'Trade Finance during the Great Trade Collapse' is the product of a fruitful collaboration during the crisis among the World Bank Group, international financial partners, private banks, and academia. 'Trade is the lifeblood of the world economy, and the sharp collapse in trade volumes was one of the most dramatic consequences of the global financial crisis. It was the moment the financial crisis hit the real economy, and when parts of the world far from the epicenter of financial turbulence felt its full fury. This book is extremely timely and full of critical insights into the role of trade finance and the potential damaging impact from the unintended consequences of regulatory changes.' --Peter Sands, CEO, Standard Chartered Bank
Author : Rudolfs Bems
Release : 2012
Genre : Global Financial Crisis, 2008-2009
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis The Great Trade Collapse by : Rudolfs Bems
Download or read book The Great Trade Collapse written by Rudolfs Bems. This book was released on 2012. Available in PDF, EPUB and Kindle. Book excerpt: We survey recent literature on the causes of the collapse in international trade during the 2008-2009 global recession. We argue that the evidence points to the collapse in aggregate expenditure, concentrated on trade-intensive durable goods, as the main driver of the trade collapse. Inventory adjustment likely amplified the impact of these expenditure changes on trade. In addition, shocks to credit supply constrained export supply further exacerbating the decline in trade. Most evidence suggests that changes in trade policy did not play a large role. We conclude that one benefit of the trade collapse is that it has stimulated research in neglected areas at the intersection of trade and macroeconomics -- National Bureau of Economic Research web site.
