Browsing Faculty of Arts and Sciences by Keyword "global imbalances"
Now showing items 1-2 of 2
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Global Trade in the Aftermath of the Global Crisis
(VoxEU, 2009)Re-balancing global trade will be difficult, generating substantial protectionist pressures. To manage these pressures, governments must maintain domestic political support for an open world economy. This in turn requires ... -
Trade and Capital Flows: A Financial Frictions Perspective
(National Bureau of Economic Research, 2007)The classical Heckscher-Ohlin-Mundell paradigm states that trade and capital mobility are substitutes, in the sense that trade integration reduces the incentives for capital to flow to capital-scarce countries. In this ...