Assembled in Europe: The role of processing trade in EU export performance

THE World Bank's Louis Kuijs describes the evolution of Chinese trade since 2007:In all, China’s exports have continued to strongly outpace world trade. Their global market share rose from 7.4% in 2007 to an estimated 9.6% in 2010, and this trend has continued in the first 4 months of 2011.

Lucian Cernat, 6 September 2010This autumn, the European Commission will set out the future direction for the EU’s trade policy. In this column its Chief Trade Economist calls on Vox contributors to engage in the debate about what direction that should be. Full Article: Shaping the future of EU trade policy: How to maximise the gains from trade in a globalised world? A new VoxEU.org debate

The price and income elasticities of Chinese trade flows are key parameters in the debate regarding the importance of Renminbi revaluation in achieving rebalancing.

Daniel C Hardy, Heiko Hesse, 20 April 2013The IMF has recently argued that Europe’s financial sector has done much to address the recent financial crisis. This column argues that vulnerabilities remain, and calls for intensified efforts. Europe-wide stress tests will play a crucial role: selective asset-quality reviews and a high degree of transparency would add credibility and reduce uncertainty.

Daniel Gros, 11 October 2012Switzerland has pegged its currency to the euro at a level that helps it sustain a 12% current-account surplus and one of the lowest unemployment rates in Europe. This column argues that the Swiss peg involves currency manipulation that is, as far as Europe is concerned, the same order of magnitude as China’s intervention. It has had a significant impact on the euro exchange rate and a non-negligible effect on the EZ economy.Full Article: An overlooked currency war in Europe

Franklin Allen, Thorsten Beck, Elena Carletti, Philip Lane, Dirk Schoenmaker, Wolf Wagner, 20 June 2011The global crisis has provided compelling evidence of the need to understand the role of banks in international finance. This column introduces a new CEPR report analysing key aspects of cross-border banking taking a European focus. The report argues that policy reforms in micro- and macro-prudential regulation and macroeconomic policies are urgently needed for Europe to improve its efficiency and reduce its risk.

Stephen Cecchetti, Benjamin H Cohen, 20 August 2010The extent of the damage from the global crisis has forced policymakers to rethink how they regulate finance. This column first examines the long-term impact of stronger capital and liquidity requirements and then estimates the transitional economic impact as the new standards are phased in.