The composition and cyclical behavior of trade flows in emerging economies

2013 ◽  
Vol n° 132 (4) ◽  
pp. 5-33
Author(s):  
Reinout De Bock
Keyword(s):  
Emerging Economies ◽  
Trade Flows ◽  
Cyclical Behavior

scholarly journals The Currency Composition of Sovereign Debt

2019 ◽  
Vol 11 (3) ◽  
pp. 174-208 ◽  
Author(s):  
Pablo Ottonello ◽  
Diego J. Perez
Keyword(s):  
Emerging Economies ◽  
Sovereign Debt ◽  
Foreign Currency ◽  
Quantitative Model ◽  
Currency Depreciation ◽  
Local Currency ◽  
Cyclical Behavior ◽  
The Government ◽  
Currency Composition ◽  
Shed Light

We study the currency composition of sovereign debt in emerging economies through the lens of a model in which the government lacks commitment regarding debt and monetary policy. High levels of debt in local currency give rise to incentives to dilute debt repayment through currency depreciation. Governments tilt the currency composition of debt toward foreign currency to avoid inflationary costs and real exchange rate distortions, at the expense of forgoing the hedging properties of local currency debt. Our quantitative model is used to shed light on the recent dynamics of the currency composition of debt and on its cyclical behavior. (JEL E31, E32, E52, F34, H63)

Prospects for emerging economies in 2019

2018 ◽  
Keyword(s):  
Emerging Markets ◽  
Emerging Economies ◽  
Economic Activity ◽  
Trade Flows ◽  
Content Type ◽  
Developed Markets

Subject Prospects for emerging economies in 2019. Significance Economic activity in emerging markets (EMs) is growing solidly but tighter global monetary conditions, weaker trade flows and slower developed-markets growth next year will weigh on activity.

Does uncertainty matter for trade flows of emerging economies?

2021 ◽  
Author(s):  
Nicolas Groshenny ◽  
Benedikt Heid ◽  
Tayushma Sewak
Keyword(s):  
Emerging Economies ◽  
Trade Flows
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