Risk and trade regimes: another exploration
نویسندگان
چکیده
منابع مشابه
Trade openness, export diversification, and political regimes
Recent studies have challenged the view that trade openness leads to more specialization in countries’ trade. Using a panel of 116 countries over 35 years, we show that openness can be positively associated with both specialization and diversification, depending on the measure used. Moreover, for developing countries in our sample, the effect of openness on trade structure depends on the type o...
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The Kyoto Protocol incorporates the international flexibility mechanisms such as emissions trading, etc., in addition to setting the quantified commitments for Annex I Parties. The Protocol also recognizes the importance of domestic actions, and supports the concept of supplementarity in Articles 6 and 17. The EU proposes to limit the tradeable amounts of emissions to meet this concept. A new i...
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Since Friedman (1953) and Poole (1970), an advantage often attributed to ßexible exchange rate regimes relative to Þxed regimes is their ability to better insulate the economy against real shocks. I use a post-Bretton Woods sample (1973-1996) of 74 developing countries to assess whether the business cycle response of real GDP, real exchange rates and inßation to terms of trade shocks differ sys...
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One approach to the relationship between trade and monetary zones is through recalling the three uses of money: means of settlement, numeraire, and store of value. The first two of these bring money and trade together, but the third is a separate matter. The rate of inflation can be chosen apart from the trade regime. For this reason it has not been self-evident whether the frontiers of monetar...
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How do domestic political institutions affect the outcomes of international trade negotiations? Specifically, are the aggregate trade barriers agreed upon by a democratic pair lower than those by a pair composed of a democracy and an autocracy? I revisit these important questions by highlighting some problematic aspect of the analysis by Mansfield, Milner, and Rosendorff (2000). Contrary to the...
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ژورنال
عنوان ژورنال: International Organization
سال: 1991
ISSN: 0020-8183,1531-5088
DOI: 10.1017/s0020818300001375