Publications des institutions partenaires

In this paper we combine the tariff evasion analysis of Fisman and Wei (2004) with Rauch and Trindade’s (2002) study of Chinese trade networks. Chinese networks are known to act as trade catalysts by enforcing contracts and providing market information. As tariff evasion occurs outside the law, market information is scant and formal institutions inexistent, rendering networks the...

Institution partenaire

Institut de hautes études internationales et du développement

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Français, English / 09/08/2011

The Federal Reserve, the Bank of England, and the rise of the dollar as an international currency, 1914-1939

This paper provides new evidence on the rise of the dollar as an international currency, focusing on its role in the conduct of trade and the provision of trade credit. We show that the shift to the dollar occurred much earlier than conventionally supposed: during and immediately after World War I. Not just market forces but also policy support – the Fed in its role as market maker...

Institution partenaire

Institut de hautes études internationales et du développement

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Français, English / 09/08/2011

Hamlet without the Prince of Denmark: relationship banking and conditionality lending in the London Market For Foreign Government Debt, 1815 - 1913

This paper offers a theory of conditionality lending in 19th century international capital markets. We argue that ownership of reputation signals by prestigious banks rendered them able and willing to monitor government borrowing. Monitoring was a source of rent, and it led bankers to support countries facing liquidity crises in a manner similar to modern descriptions of “...

Institution partenaire

Institut de hautes études internationales et du développement

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Français, English / 08/08/2011

An econometric analysis of India-Sri Lanka Free Trade Agreement

This paper investigates whether the India-Sri Lanka Free Trade Agreement (ISLFTA) has had trade creation or trade diversion effects on the rest of the World. The method used resembles the one used by Romalis (2005) to study NAFTA. In order to use the variations in tariff at the product level, we use six digit HS classification of products. We construct seven panel data sets for the...

Institution partenaire

Institut de hautes études internationales et du développement

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Français, English / 08/08/2011

Firm heterogeneity, rules of origin and rules of cumulation

We analyse the impact of relaxing rules of origin (ROOs) in a simple setting with heterogeneous firms that buy intermediate inputs from domestic and foreign sources. In particular, we consider the impact of switching from bilateral to diagonal cumulation when using preferences (instead of paying the MFN tariff) involving the respect of rules of origin. We find that relaxing the...