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dc.titleNorth-South Customs Unions and International Capital Mobility
dc.contributor.authorFernández-Arias, Eduardo
dc.contributor.authorSpiegel, Mark M.
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.date.available2011-02-04T00:00:00
dc.date.issue1997-03-01T00:00:00
dc.description.abstractThis 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.
dc.identifier.doihttp://dx.doi.org/10.18235/0011544
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/North-South-Customs-Unions-and-International-Capital-Mobility.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectIntegration and Trade
dc.subject.jelcodeF15 - Economic Integration
dc.subject.jelcodeF21 - International Investment • Long-Term Capital Movements
dc.subject.jelcodeO16 - Financial Markets • Saving and Capital Investment • Corporate Finance and Governance
dc.subject.keywordsWP-341;international capital mobility
idb.identifier.pubnumberWorking Papers
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