“...Recent theoretical developments have incorporated endogenous multinational firms into the general–equilibrium model of trade. One simple taxonomy separates the...”

“...Global current account imbalances have been one of the focal points of interest for policymakers during the last few years. Less attention has been paid,...”

“...We consider the origins of global current account imbalances. We first discuss how the expansion of the US current account deficit and the decrease in global...”

“...Motivated by the observed international reserve hoarding behavior in the post‐1997 crisis period, we explore the Mrs Machlup's Wardrobe hypothesis and the...”

“...We analyze the effect of heterogeneity of foreign and domestic producers on product standard and investigate whether the standard chosen by the...”

“...Drawing on recent advances in exchange rate regime classifications, the paper examines empirically the effect of exchange rate regimes on foreign direct...”

“...Recent theoretical work has been able to explain how even within narrowly defined industries, firms can exhibit heterogeneous degrees of participation in...”

“...Empirical evidence has so far failed to confirm that lenient environmental regulation attracts investment from polluting firms. In a Cournot duopoly with a...”

“...This paper pulls together existing theory and evidence to assess whether international financial liberalization, by improving the functioning of domestic...”

“...Does financial development translate into a comparative advantage in industries that use more external finance? The author uses industry‐level data on firms’...”