We compile a historical dataset covering nearly 40 years of booms and busts in the commodity terms of trade of over 150 countries. We discuss the characteristic

The global financial crisis of 2008/9 is the Great Depression of the 21st century. For many though, the similarities stop at the Wall Street Crash as the curren

One cannot exaggerate the importance of estimating how international trade responds to changes in income and prices. But there is a tension between whether one

This volume provides empirical details of how the import protection landscape changed alongside the events of the 2008-9 economic crisis.