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  1. Covid-19 and international trade
    evidence from New Zealand
    Published: [2022]
    Publisher:  Technische Universität Darmstadt, Darmstadt, Germany

    The impact of the Covid-19 pandemic on international trade varies along several dimensions, including the type of product, the size of firm and over time. In this note, I provide evidence of systematic variation in the trade response to the pandemic... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 53
    No inter-library loan

     

    The impact of the Covid-19 pandemic on international trade varies along several dimensions, including the type of product, the size of firm and over time. In this note, I provide evidence of systematic variation in the trade response to the pandemic along another, previously unexplored dimension, the mode of transportation. Analyzing daily data from New Zealand, I find that the value of seaborne exports and imports increases relative to shipments by air during pandemic lockdowns. While this finding is consistent with many explanations, including the sensitivity of trade to external finance, it generally provides support for the importance of frictions on the supply side.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/260547
    Series: Darmstadt discussion papers in economics ; Nr. 243
    Subjects: coronavirus; pandemic; lockdown; restriction; shipments
    Scope: 1 Online-Ressource (circa 14 Seiten), Illustrationen
  2. Smart or smash?
    the effect of financial sanctions on trade in goods and services
    Published: [2022]
    Publisher:  Deutsche Bundesbank, Frankfurt am Main

    We examine the extent to which financial sanctions imposed by Germany through its European Union and United Nations commitments cause collateral damage on Germany’s trade in goods and services. Financial sanctions reduce Germany’s inflows and... more

    Leibniz-Institut für Wirtschaftsforschung Halle, Bibliothek
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 12
    No inter-library loan

     

    We examine the extent to which financial sanctions imposed by Germany through its European Union and United Nations commitments cause collateral damage on Germany’s trade in goods and services. Financial sanctions reduce Germany’s inflows and outflows of financial assets, as well as imports and exports of goods and services. The relative effects on trade in goods and services are weaker than on financial assets, about half as large in the case of goods and two-thirds as large in the case of services. The effect on trade in goods is entirely due to episodes where financial sanctions are accompanied by export restrictions of specific goods. In the case of services trade, only exports are affected by financial sanctions once export restrictions are considered. The primary channel through which sanctions affect the three types of cross-border flows is the extensive margin. Anticipation effects are quite strong for financial assets and weak for services and goods.

     

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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9783957298997
    Other identifier:
    hdl: 10419/261384
    Series: Discussion paper / Deutsche Bundesbank ; no 2022, 28
    Subjects: sanction; restriction; cross-border transaction; trade in goods; trade in services financial flows
    Scope: 1 Online-Ressource (circa 39 Seiten)