Arbeitspapier
North-South Customs Unions and International Capital Mobility
This paper examines the implications of a North-South trade accord where investments in the Southern partner nation exhibit country risk. Our analysis demonstrates that North-South trade accords can serve as credibility-enhancing mechanisms that induce additional foreign capital inflows into Southern partner nations. The presence of sovereign risk changes the tradeoffs between trade creation and diversion, enhancing the potential for regional trade accords to increase the welfare of accord members.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 341
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Fernández-Arias, Eduardo
Spiegel, Mark M.
- Event
-
Veröffentlichung
- (who)
-
Inter-American Development Bank, Office of the Chief Economist
- (where)
-
Washington, DC
- (when)
-
1997
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Fernández-Arias, Eduardo
- Spiegel, Mark M.
- Inter-American Development Bank, Office of the Chief Economist
Time of origin
- 1997
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