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The Causes of Trade Tensions and their Consequences for Financial Stability

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I have two objectives in this short paper. First, I explore some of the reasons why the world is currently experiencing so much tension associated with international trade. Second, I discuss some of the consequences of this trade tension for financial stability.

Abstract

I have two objectives in this short paper. First, I explore some of the reasons why the world is currently experiencing so much tension associated with international trade. Second, I discuss some of the consequences of this trade tension for financial stability.

참고문헌 (15)

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  3. Baxter, Marianne, "Determinants of Business Cycle Comovement", Journal of Monetary Economics, 52(1), pp.113~157 (2005)
  4. Global Trade and the Dollar, "Boz, Emine", NBER, 988~, pp.Working Paper No. 23 (2017)
  5. Sequencing RMB Internationalization, "Eichengreen, Barry", CIGI, ~, pp.CIGI Papers (No. 69 2015) (2015)
  6. Frankel, Jeffrey A., "Does Trade Cause Growth?", American Economic Review, 89(3), pp.379~399 (1999)
  7. Frankel, Jeffrey A, "The Endogeneity of the Optimum Currency Area", Economic Journal, 108(449), pp.1009~1025 (1999)
  8. Gourinchas, Pierre-Olivier, "The Elusive Gains From International Financial Integration", Review of Economic Studies, 73(3), pp.715~741 (2006)
  9. Hall, Robert E, "Why Do Some Countries Produce So Much More Output per Worker than Others?", The Quarterly Journal of Economics, 114(1), pp.83~116 (1999)
  10. "Regional Economic Outlook: Asia and Pacific: Caught in Prolonged Uncertainty" (2019)[URL]
  11. McKinnon, Ronald I., "The Order of Economic Liberalization: Financial Control in the Transition to a Market Economy" (1993), Johns Hopkins university Press
  12. Nye, Joseph, "Soft Power 80", 153~171 (1990)
  13. Nye, Joseph, "Soft Power: The Means to Success in World Politics", Public Affairs (2004)
  14. Rodrik, Dani, "Institutions Rule", Journal of Economic Growth, 9(2), pp.131~165 (2004)
  15. "Soft Power and Exports. Review of International Economics"[URL]

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