International

Federal Funds Rate Hike and Sovereign Risk in Latin America
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Federal Funds Rate Hike and Sovereign Risk in Latin America

Analysis Articles, Economy, Financial, Global, Growth & GDP, International, Markets, Monetary, Policy, World

Federal Funds Rate Hike and Sovereign Risk in Latin America

Utzinger, Robert2026-01-20T17:50:36+00:00

Miguel Acosta-Henao
August 31, 2017

As the Federal Reserve begins raising interest rates, memories of past turmoil in Latin America resurface. Although the region is better prepared than in the 1980s, higher U.S. rates still elevate sovereign risk through capital outflows and currency depreciation. Empirical evidence suggests that without stronger institutions and reforms, Fed tightening could again weigh heavily on growth.

Federal Funds Rate Hike and Sovereign Risk in Latin AmericaUtzinger, Robert2026-01-20T17:50:36+00:00

A Finger Exercise on Hyperglobalization
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A Finger Exercise on Hyperglobalization

Analysis Articles, Economy, Global, International, Markets, Trade

A Finger Exercise on Hyperglobalization

Utzinger, Robert2026-01-20T17:23:42+00:00

Paul Krugman
July 11, 2017

The surge in global trade after 1990 was driven less by tariffs than by falling transport costs and the rise of global value chains. Small reductions in trade barriers dramatically reshaped where production occurred by making cross-border assembly viable. This “hyperglobalization” fueled rapid trade growth—but its effects increasingly look like a one-time shift rather than a continuing trend.

A Finger Exercise on HyperglobalizationUtzinger, Robert2026-01-20T17:23:42+00:00

The United States, Mexico, and NAFTA
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The United States, Mexico, and NAFTA

Analysis Articles, Economy, Global, International, Markets, Policy, Trade

The United States, Mexico, and NAFTA

Utzinger, Robert2026-01-20T17:25:54+00:00

The Economic Studies Group
June 28, 2017

U.S.–Mexico trade has expanded dramatically since NAFTA, with growth driven less by finished goods than by deeply integrated supply chains in autos, electronics, and other manufacturing sectors. Alongside these intra-industry flows, the U.S. runs a services surplus and engages in complementary agricultural trade. The evidence suggests that renegotiation risks disrupting established production networks whose benefits and costs vary sharply across industries and states.

The United States, Mexico, and NAFTAUtzinger, Robert2026-01-20T17:25:54+00:00

A Primer on Brexit
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A Primer on Brexit

Analysis Articles, International, Policy, primer, Trade

A Primer on Brexit

Irklievski, Alex2026-01-20T17:55:59+00:00

Merih Uctum
December 20, 2016

Britain’s vote to leave the European Union reflects long-standing tensions over sovereignty, regulation, and immigration. A hard Brexit would sever access to the single market, disrupt trade in goods and services, and threaten the City’s financial dominance. While short-term resilience has masked risks, most estimates point to lasting economic costs and heightened uncertainty ahead.

A Primer on BrexitIrklievski, Alex2026-01-20T17:55:59+00:00