The Share of Employment at Foreign Firms in the US

Foreign-owned firms in the US account for a significant share of employment, and the locations...

Country-specific Firm Premiums

Compared to domestic firms in the same commuting zone, the amount of wages paid by...
Research Brief

The Effects of Foreign Multinationals on Workers and Firms in the United States

Much of the recent debate in the United States over foreign-made goods has involved issues of trade—where products are made and where they are shipped—and who benefits most from their production and sale. However, what if those foreign goods are actually made in the United States by domestic employees of foreign-owned firms? What happens to local firms and their workers when a foreign-owned company decides to open a production plant in the United States?
Topics:  Employment & Wages
Research Brief

Production, Relocation, and Price Effects of US Trade Policy: The Case of Washing Machines

If you were thinking about buying a washing machine sometime in 2017, you may have been tempted to wait a little while for prices to fall. After all, prices had been dropping for about five years, so unless your current washer was inoperable, there was little reason to make a purchase in haste.
Topics:  Industrial Organization

US Washing Machine Imports and Korean Washing Machine Part Exports by Country

The manufacture and trade of washing machines and parts offers a clear example of the...
Topics:  Industrial Organization, Tax & Budget

Dollar and Euro Shares of Cross-Border Corporate Bond Positions

Following the Great Recession, the dollar became the currency of denomination for cross-border holdings at...
Topics:  Financial Markets

Spotlight: Working Papers from the 2018 Globalization and Inequality Conference

The Globalization and Inequality Conference brought together researchers working in international trade, international finance, labor...
Research Brief

International Currencies and Capital Allocation

Brent Neiman
If you are a small or mid-sized business in Canada and want to borrow from investors in Germany, it might be difficult to do so with bonds denominated in Canadian dollars, your home currency. It’d be a lot easier if you had a pretty sophisticated corporate treasurer’s office and paid various banking fees to hedge currency exposures. You could then issue your bonds to the German investors in eurodenominated debt.
Topics:  Financial Markets