18 posts on "exports"
June 24, 2015
Falling Oil Prices and Global Saving
The rise in oil prices from near $30 per barrel in 2000 to around $110 per barrel in mid-2014 was a dramatic reallocation of global income to oil producers.
Posted at 7:00 am in Balance of Payments, Euro Area, Exports, Financial Markets, International Economics | Permalink | Comments (1)
September 5, 2014
Crisis Chronicles: The British Export Bubble of 1810 and Pegged versus Floating Exchange Rates
In the early 1800s, Napoleon’s plan to defeat Britain was to destroy its ability to trade.
July 10, 2014
At the N.Y. Fed: Conference Highlights Financing Tools for New York’s Food and Beverage Firms
With more than 35,000 farms and $5.5 billion in annual sales, the agriculture industry is an important part of the New York State economy.
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 22, 2013
Foreign Borrowing in the Euro Area Periphery: The End Is Near
Current account deficits in euro area periphery countries have now largely disappeared.
Posted at 7:00 am in Balance of Payments, Euro Area, Exchange Rates, Exports, International Economics | Permalink | Comments (1)
July 13, 2011
Would a Stronger Renminbi Narrow the U.S.‑China Trade Imbalance?
The United States buys much more from China than it sells to China—an imbalance that accounts for almost half of our overall merchandise trade deficit. China’s policy of keeping its exchange rate low is often cited as a key driver of that country’s large overall trade surplus and of its bilateral surplus with the United States. The argument is that a stronger renminbi (the official currency of China) would help reduce that country’s trade imbalance with the United States by lowering the prices of U.S. goods relative to those made in China. In this post, we examine the thinking behind this view. We find that a stronger renminbi would have a relatively small near-term impact on the U.S. bilateral trade deficit with China and an even more modest impact on the overall U.S. deficit.
June 29, 2011
Did Trade Finance Contribute to the Global Trade Collapse?
The financial crisis of 2008-09 brought about one of the largest collapses in world trade since the end of World War II. Between the first quarter of 2008 and the first quarter of 2009, the value of real global GDP fell 4.6 percent while exports plummeted 17 percent, as can be seen in the chart below. The dramatic decline in world trade—a loss of $761 billion in nominal exports—came through two channels: decreased demand for imports and supply effects, most likely arising from financial constraints. In this post, we look at evidence that supply effects, including curtailed funding for export-related activities, played a key role in the trade collapse—and thus in the transmission of the financial crisis from Wall Street to “Main Street,” here and abroad.
Posted at 10:00 am in Crisis, Exports, Financial Markets, International Economics, Unemployment | Permalink | Comments (2)
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