Third IMF/WB/WTO Joint Trade Workshop

A two-day workshop on international trade — hosted by the International Monetary Fund (IMF), the World Bank and the World Trade Organization — took place at the IMF in Washington DC on 6 and 7 November 2014. Speakers included IMF First Deputy Managing Director, David Lipton; World Bank Group Senior Director for Trade and Competitiveness, Anabel Gonzalez; and the WTO's Chief Economist, Robert Koopman.

> Summary note


Experts from the three institutions presented cutting-edge research work and exchanged views on current international trade issues, including the links between trade and growth, global value chains, services trade, trade finance, and trade and other policy links. Papers presented at the workshop are available below.


Third IMF/WB/WTO Joint Trade Workshop
November 6-7, 2014
IMF, HQ2 Conference Hall 1


Thursday, November 6

9:00 – 9:15 am

Introductory Remarks

9:15 – 10:30 am

Session 1: Services Trade

  • How foreign banks facilitate trade: Know thy neighbor as thyself
    Stijn Claessens (IMF)
    Omar Hassib (Maastricht University)
    Neeltje van Horen (Bank of Holland)
    > Paper

  • Modeling services trade, trade costs and output
    James E. Anderson (Boston College)
    Ingo Borchert (University of Sussex)
    Aaditya Mattoo (WB)
    Yoto V. Yotov (Drexel University)

10:30 – 11:00 am


11:00 – 12.45 pm

Session 2: Exporting Firms

  • Export quality in advanced and developing economies: Evidence from a new dataset
    Christian Henn (WTO)
    Chris Papageorgiou (IMF)
    Nikola Spatafora (WB)
    > Presentation

  • The life cycle of exporting firms
    Paulo Bastos (WB)
    Daniel Dias (University of Illinois)

  • Evidence on productivity, comparative advantage, and networks in the export performance of firms
    Luca A. Ricci (IMF)
    Federico Trionfetti (Aix-Marseille University)
    > Paper

12:45 – 2:00 pm


2:00 – 3:15 pm

Session 3: Trade, Growth and Business Cycles

  • Global trade slowdown: Cyclical or structural?
    Cristina Constantinescu (IMF)
    Aaditya Mattoo (WB)
    Michele Ruta (IMF)

  • Trade integration and business cycle synchronization: Trade in value-added is what matters
    Romain Duval (IMF)
    Richa Saraf (University of Albany)
    Dulani Seneviratne (IMF)
    > Paper

3:15 – 4:30 pm

Session 4: Global Supply Chains

  • Knowledge spillovers through international supply chains
    Roberta Piermartini (WTO)
    Stela Rubínová (Graduate Institute, Geneva)
    > Paper

  • Global supply chains and trade policy
    Emily Blanchard (Dartmouth College)
    Chad Bown (WB)
    Rob Johnson (Dartmouth College)

4:30 – 5:00 pm


5:00 – 6:00 pm

PANEL DISCUSSION: The Future of Trade


  • David Lipton (IMF)

  • Anabel Gonzalez (WB)

  • Robert Koopman (WTO)


Friday, November 7

9:00 – 10:15 am

Session 5: Trade Finance

  • The impact of Basel III on trade finance: The potential unintended consequences of the leverage ratio
    Marc Auboin (WTO)
    Isabella Blengini (University of Lausanne)
    > Paper
  • Understanding trade finance: Theory and evidence from transaction-level data
    JaeBin Ahn (IMF)

10:15 – 10:45 am


10:45 – 12:00 pm

Session 6: Trade and Policy I

  • Trade policy uncertainty as a barrier to trade
    Alberto Osnago (WB)
    Nadia Rocha (WTO)
    Roberta Piermartini (WTO)

  • Customs reform and trade growth: Evidence from Albania
    Ana M. Fernandes (WB)
    Russell Hillberry (WB)
    Alejandra Mendoza (WB)

12:00 – 1:15 pm

Session 7: Trade and Policy II

  • All in the family: State capture in Tunisia
    Caroline Freund (Peterson Institute)
    Antonio Nucifora (WB)
    Bob Rijkers (WB)
  • Trade policy substitution: Theory and evidence from specific trade concerns
    Cosimo Beverelli (WTO)
    Mauro Boffa (University of Geneva)
    Alexander Keck (WTO)
    > Paper

Workshop organizers: Michele Ruta (IMF), Chad Bown (WB), Marc Auboin (WTO)