OECD Statistics on International Trade in Services, Volume 2019 Issue 1

This OECD publication includes statistics by detailed type of service on international trade in services for the 36 OECD countries, the European Union, the Euro area, Colombia and the Russian Federation as well as links to definitions and methodological notes. The data are reported within the framework of the fifth and sixth editions of the IMF’s Balance of Payments Manual and the Extended Balance of Payments Services Classification (EBOPS), which is consistent with the balance of payments classification but is more detailed.

This book includes summary tables by country and by service category and zone totals for the European Union and the Euro area as well as tables for each individual country and for the EU and the Euro area showing data for detailed service categories. Series are shown in US dollars and cover the period 2014-2018.

World Uncertainty Index (WUI)

World Uncertainty Index (WUI). It covers 143 countries—all countries in the world with a population of at least 2 million. It goes back in time, providing data for the past 60 years. The index uses a single source for all countries, which allows us to compare the level of uncertainty across countries. And it captures uncertainty related to economic and political events, regarding both near-term (e.g., uncertainty created by the United Kingdom’s referendum vote in favor of Brexit) and long-term (e.g., uncertainty engendered by the impending withdrawal of international forces in Afghanistan, or tensions between the Democratic People’s Republic of Korea and the Republic of Korea) concerns. Read more

Currency Hierarchy and the Nature of the Internationalisation of
Peripheral Currencies

Currency internationalisation, often defined by the use of a local currency beyond the national frontier, has been a topic widely discussed in the literature. The recent rise of currencies from emerging market economies in the international market has suggested that some peripheral currencies have become more internationalised. However, their position in the currency hierarchy, which is formed by the US dollar at the top and other central currencies in an intermediate position, has remained the same.

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Orsi, B., Kaltenbrunner, A., & DYMSKI, G. (2020). Currency Hierarchy and the Nature of the Internationalisation of Peripheral Currencies. Mimeo.

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