Bank linkages and international trade

Policy Linkages Through Trade

The previous chapter has presented a brief picture of world agriculture from an international perspective. Decisions on policy are taken generally at a national level, but nations are cennected internationally by trade. This both constrains and enlarges the scope for national action. In this chapter we begin to develop an analytical framework for looking at intercountry interdependence. The foc...

Consumption, Investment and International Linkages

We thank David Gruen and Geoff Shuetrim for comments. The views expressed in this paper are those of the authors and do not necessarily reflect the views of the Reserve Bank of Australia.

FDI and Trade – Two Way Linkages?*

The purpose of this paper is to investigate the intertemporal linkages between FDI and disaggregated measures of international trade. We outline a model exemplifying some of these linkages, describe several methods for investigating two-way feedbacks between various categories of trade, and apply them to the recent experience of developing countries. After controlling for other macroeconomic an...

Trade and Food Security: Conceptualizing the Linkages

Trade Invoicing, Bank Funding, and Central Bank Reserve Holdings

In recent work (Gopinath and Stein 2017), we explore how a currency like the dollar can become entrenched as a dominant global currency, focusing on the two-way feedback between trade invoicing and banking structure. The basic idea is that when a larger share of a country’s imports are invoiced in dollars, its citizens have a greater demand for dollar-denominated safe claims. This in turn leads...