Social and Behavioral Sciences Commons^™

The Nature Of Money And The Theory Of International Trade: Thornton And Ricardo, Isabella M. Weber

Economics Department Working Paper Series

A rich recent literature reinvestigates the nature of money, but little attention has been paid to the ramifications of the ways in which we theorize money for the theory of international trade. This paper examines the logical relationship between the neutrality of money and self-balancing trade based on Henry Thornton and David Ricardo as two foundational contributions to credit and commodity money theories respectively. I show that both authors theorize trade as self-balancing whenever money is conceptualized as neutral. I distinguish two notions of the neutrality of money: ex ante and ex post neutrality. In Thornton’s Paper Credit money is …

Implicaciones Del Acuerdo Con La Comunidad Andina De Naciones (Can) Para Los Pequeños Productores Arroceros Colombianos, Laura Alejandra Arias Peña, Stefania Reyes Guarnizo

Finanzas y Comercio Internacional

Colombia desde los años 60 ha venido pactando importantes acuerdos comerciales con los cuales se ha buscado la internacionalización de la economía colombiana por medio de la integración con socios comerciales que han considerado estratégicos, logrando beneficios arancelarios para incentivar la producción nacional y la exportación. Uno de ellos es el Acuerdo de la Comunidad Andina de Naciones (CAN), perteneciente a este desde 1969 con la suscripción del acuerdo de Cartagena. (Comunidad Andina, sf). A raíz de los beneficios otorgados a los países miembros de la CAN sobre la importación de arroz y la entrada ilegal de este cereal, ha …

Global Standards For Securities Holding Infrastructures: A Soft Law/Fintech Model For Reform, Charles W. Mooney Jr.

All Faculty Scholarship

Intermediaries such as stockbrokers and banks are ubiquitous in global securities markets, playing essential roles in markets, including trading, settling trades, and post-settlement holding of securities. This essay focuses in particular on the roles of intermediaries in securities holding systems. It proposes an IOSCO-led “soft-law-to-hard-law” approach to the development of Global Standards for reforms to these holding systems. States would be expected to adopt “hard law” reforms through statutory and regulatory adjustments to securities holding systems. The reforms would embrace not only important standards of a functional and regulatory nature, but also holistic standards relating to the private law, insolvency …

Estudio De La Eficiencia De Las Medidas Antidumping A La Importación De Vajillas De Porcelana Procedentes De China En El Periodo Comprendido Entre 2005 A 2015, Adriana Milena Acosta Ortiz, Lina Paola Bustos Castellanos

Finanzas y Comercio Internacional

El presente trabajo, tiene como finalidad evaluar la eficiencia de las medidas antidumping impuestas a las importaciones de vajillas de porcelana, provenientes de la República Popular China. Teniendo en cuenta que, estas son uno de los mecanismos de protección a la producción nacional la cual, se ve afectada por la competencia con precios más bajos. Por tanto, se hará una evaluación de información pertinente, para así, poder determinar si las importaciones que están sujetas al pago de derechos antidumping, han disminuido como se cree y si la medida proteccionista cumple a cabalidad su cometido o principio de resguardo. De igual …

The Impacts Of In-State Procurement Preference Policies On The Economy Of South Carolina, Sawsan A. Abutabenjeh

School of Public Service Theses & Dissertations

This research examined the impact of South Carolina's in-state preference policies on the economy of the state. To achieve this purpose, the research sought to answer the question: what are the impacts of implementing the in-state procurement preference policies on the economy of the state of South Carolina? The question was answered by using seven economic indicators: jobs, personal income, real disposable income, output (sales), Gross State Product (GSP), value added and state's population. The data related to the in-state preference policies were collected from the South Carolina Procurement Services Office. The data was then analyzed using the Regional Economic …

The Cost Of Culture The Impact Of National Culture On The Pass-Through Of Commodity Shocks, Christine Gerrity

Honors Projects in Finance

This study analyzes the impact of national culture on the pass-through of commodity price shocks to retail goods. In particular, this study explores the commodities of coffee, cotton and steel. Through the use of regression analysis, this study looks to determine the relationship between two key predictive variables: risk tolerance of a country and commodity shocks within a company’s associated commodity market, and their impact on the value of companies within that country. Additional factors are explored at the firm financial level and the firm country level. The purpose of this study is to examine if consumers of one country …

Essays On International Trade And Finance, Amat Adarov

Graduate Theses and Dissertations

The dissertation consists of three papers exploring the macroeconomic implications of heterogeneity of countries in financial development, economic interconnectedness via trade and financial linkages.

Chapter 1 examines whether countries which are more centrally located in the global trade network have more synchronized stock markets. Global trade data is used to construct a novel measure of random walk betweenness centrality (RWBC), measuring the extent to which a country lies on random pathways in-between other countries and is therefore likely to be a conduit in the transmission of a shock across global markets. Based on a panel dataset of 58 countries over …

Off The Cliff And Back? Credit Conditions And International Trade During The Global Financial Crisis, Davin Chor, Manova Kalina

Research Collection School Of Economics

We examine the collapse of international trade flows during the 2008-2009 global financial crisis using detailed data on the evolution of monthly U.S. imports over the November 2006 - April 2009 period. We show that credit constraints and the reduction in the availability of external capital were an important channel through which the crisis affected trade volumes. We identify the effects of credit tightening by exploiting the variation in the cost of capital across countries and over time, as well as the variation in financial dependence across sectors. We find that countries with higher interbank interest rates and thus tighter …

Off The Cliff And Back? Credit Conditions And International Trade During The Global Financial Crisis, Davin Chor, Kalina Manova

Research Collection School Of Economics

We study the collapse of international trade flows during the global financial crisis using detailed data on monthly US imports. We show that credit conditions were an important channel through which the crisis affected trade volumes, by exploiting the variation in the cost of capital across countries and over time, as well as the variation in financial vulnerability across sectors. Countries with higher interbank rates and thus tighter credit markets exported less to the US during the peak of the crisis. This effect was especially pronounced in sectors that require extensive external financing, have limited access to trade credit, or …

Central Bank Of Nigeria Statistical Bulletin, December 1990, Central Bank Of Nigeria

CBN Statistical Bulletin

The Central Bank of Nigeria (CBN) is recognized for its role in collecting, collating, analyzing, and disseminating data on the Nigerian economy. It has made available as much information as possible through its regular publications such as the Monthly, Half-Year, and Annual Reports, as well as the Economic and Financial Review and the Intermediate Economic and Financial Indicators. However, the bulk of the statistics published in these documents have focused mainly on the current and irregular reporting periods. This has led to a gap in the availability of relevant statistics in the country. The first issue of the CBN Strategic …

Financing International Trade, S. A. Okponobi

Bullion

The paper discusses the significance of world trade and techniques of financing it. It explores instruments of international trade. The paper further examined some of the problems of financing international trade and the problems of trade in Africa.