Category: International Economics

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International Economics

What moves exchange rates?

Three new working papers on convenience yield and exchange rates.

International Economics

Currency and trade wars

The choice between currency undervaluation and tariffs on trade flows at the zero lower bound.

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International Economics

Is there cross-country convergence?

Are poor countries catching up with rich ones? Some new evidence.

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International Economics

The new NAFTA

Jeffrey Frankel comments on the new treaty. ISDS and EU's future approach to international investment policy.

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International Economics

The continuing dollar dominance

The US dollar has become even more dominant as an international funding currency: new research on why borrowing and invoicing in US dollars has increased.

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International Economics

On Africa

Why Africa is expected to be the next manufacturing center.

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International Economics

On Iran and sanctions

The global effects of economic sanctions on Iran.

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International Economics

US-China tariff fight

A full-blown trade war might be a rational, albeit suboptimal, strategy for both parties.

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International Economics

The US-EU-China trade war

"To try to ascertain the Trump position on trade at any point in time is like trying to ascertain the position of a sub-atomic particle: it is better viewed as having a probabilistic distribution" - Jeffrey Frankel

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International Economics

A strong dollar

The recent sharp and sudden dollar appreciation might not be consistent with a longer-term rebalancing of the global economy.