Category: International Economics
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The new currency manipulators
At the end of May 2019 the Treasury published its currency manipulation report. The report is considered to be a reductio ad absurdum and a Niagara of nonsense.
On foreign direct investments
FDI flows have declined significantly since 2017. Are we entering a new period of contraction by multinational firms, or are FDI patterns changing as digitalized industries are becoming more important?
Patterns in international trade
Can information frictions boost trade? Are global value chains receding? Are trade relationships long lasting?
What moves exchange rates?
Three new working papers on convenience yield and exchange rates.
Currency and trade wars
The choice between currency undervaluation and tariffs on trade flows at the zero lower bound.
Is there cross-country convergence?
Are poor countries catching up with rich ones? Some new evidence.
The new NAFTA
Jeffrey Frankel comments on the new treaty. ISDS and EU's future approach to international investment policy.
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.
