161 posts on "International Economics"
October 1, 2014
Cross‑Country Evidence on Transmission of Liquidity Risk through Global Banks
Over the past thirty years, the typical large bank has become a global entity with subsidiaries in many countries.
Posted at 7:00 am in Banks, Euro Area, Financial Institutions, Financial Markets, International Economics, Liquidity | Permalink
August 20, 2014
The Declining U.S. Reliance on Foreign Investors
The United States has been borrowing from the rest of the world since the mid-1980s.
July 14, 2014
High Unemployment and Disinflation in the Euro Area Periphery Countries
Thomas Klitgaard and Richard Peck
Economists often model inflation as dependent on inflation expectations and the level of economic slack, with changes in expectations or slack leading to changes in the inflation rate. The global slowdown and the subsequent sovereign debt crisis caused the greatest divergence in unemployment rates among euro area member countries since the monetary union was founded in 1999. The pronounced differences in economic performances of euro area countries since 2008 should have led to significant differences in price behavior. That turned out to be the case, with a strong correlation evident between disinflation and labor market deterioration in euro area countries
July 7, 2014
Why Hasn’t the Yen Depreciation Spurred Japanese Exports?
The Japanese yen depreciated 30 percent from its peak in the fourth quarter of 2011 against its trading partners.
May 21, 2014
Why U.S. Exporters Use Letters of Credit
Banks play a critical role in international trade by offering letters of credit (LCs) that substantially reduce the risk faced by exporters.
Posted at 7:00 am in Exports, Financial Institutions, International Economics | Permalink | Comments (2)
May 19, 2014
The Trade Finance Business of U.S. Banks
Banks facilitate international trade by providing financing and guarantees to importers and exporters.
May 16, 2014
Will the United States Benefit from the Trans‑Pacific Partnership?
U.S. involvement in what could be one of the world’s largest free trade agreements, the Trans-Pacific Partnership (TPP), has garnered a lot of attention, especially since the entry of Japan into negotiations last year.
March 31, 2014
Measuring Global Bank Complexity
Paraphrasing a famous Supreme Court opinion: “I know bank complexity when I see it.”
Posted at 7:00 am in Banks, Euro Area, Financial Markets, International Economics, Regulation | Permalink
March 5, 2014
Risk Aversion, Global Asset Prices, and Fed Tightening Signals
The global sell-off last May of emerging market equities and currencies of countries with high interest rates (“carry-trade” currencies) has been attributed to changes in the outlook for U.S. monetary policy, since the sell-off took place immediately following Chairman Bernanke’s May 22 comments concerning the future of the Fed’s asset purchase programs.
Posted at 7:00 am in Euro Area, Exchange Rates, Fed Funds, Financial Markets, International Economics, Monetary Policy | Permalink | Comments (2)
February 20, 2014
Just Released: The Inflation Outlook in the Euro Zone . . . Survey Says
The European Central Bank (ECB) released its 2014:Q1 Survey of Professional Forecasters (SPF) on February 13.
Posted at 7:00 am in Euro Area, Forecasting, Inflation, International Economics, Macroeconomics | Permalink
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