International economics

Seafood Expo Global/Seafood Processing Global celebrates its 30th edition with top experts presenting over 25 conference sessions covering current industry topics

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Mercredi, avril 17, 2024
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PORTLAND, Maine, April 17, 2024 /PRNewswire-PRWeb/ -- The 30th edition of Seafood Expo Global/Seafood Processing Global will unveil an extensive conference program tackling key challenges and opportunities in the seafood industry. Set to occur from 23-25 April at the Fira de Barcelona Gran Via venue, the event will showcase over 25 educational sessions across three days. The program will explore key topics including traceability, sustainability, aquaculture and aquaculture equipment, labor issues, feed and feed innovation, the integration of artificial intelligence (AI) in the industry and more.

Key Points: 
  • PORTLAND, Maine, April 17, 2024 /PRNewswire-PRWeb/ -- The 30th edition of Seafood Expo Global/Seafood Processing Global will unveil an extensive conference program tackling key challenges and opportunities in the seafood industry.
  • Set to occur from 23-25 April at the Fira de Barcelona Gran Via venue, the event will showcase over 25 educational sessions across three days.
  • Year after year, sustainability is one of the main topics discussed at Seafood Expo Global/Seafood Processing Global.
  • For further information about Seafood Expo Global/Seafood Processing Global, and to register, visit: http://www.seafoodexpo.com/global .

Seafood Expo North America/Seafood Processing North America's 42nd Edition Brought Together More Than 19,780 Seafood Professionals

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Lundi, avril 15, 2024
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PORTLAND, Maine, April 15, 2024 /PRNewswire-PRWeb/ -- Seafood Expo North America/Seafood Processing North America, produced by Diversified Communications, announced more than 19,780 seafood industry professionals from around the world convened for the 42nd edition of North America's largest seafood trade event in Boston on March 10-12, 2024.

Key Points: 
  • PORTLAND, Maine, April 15, 2024 /PRNewswire-PRWeb/ -- Seafood Expo North America/Seafood Processing North America, produced by Diversified Communications, announced more than 19,780 seafood industry professionals from around the world convened for the 42nd edition of North America's largest seafood trade event in Boston on March 10-12, 2024.
  • Seafood Expo North America featured seafood companies offering a variety of fresh, frozen, canned, value-added, processed, and packaged seafood products.
  • Seafood Processing North America showcased market-leading processing and packaging equipment companies, along with logistics services and other service providers.
  • Diversified Communications' next Seafood Expo event will be Seafood Expo Global and Seafood Processing Global, to take place at Fira de Barcelona, Gran Via, in Barcelona Spain, 23-25 April 2024.

Dominant currency pricing in international trade of services

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Jeudi, avril 25, 2024
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Abstract

Key Points: 
    • Abstract
      We analyze, for the first time, how firms choose the currency in which they price transactions
      in international trade of services and investigate, using direct evidence, whether the US dollar
      (USD) plays a dominant role in services trade.
    • JEL: F14, F31, F41
      Keywords: dominant currency paradigm, international trade, services.
    • Related research has
      shown that the US dollar (USD) exchange rate is a major source of swings in
      global trade in goods?a ?dominant currency pricing? (DCP) phenomenon?since
      most goods traded internationally are invoiced and sticky in USD.
    • Yet it is also key to look at dominant currency pricing in international trade
      in services for several reasons.
    • First, global trade in services is big?accounting for
      about a quarter of global gross trade flows and for around 40% in terms of valueadded trade.
    • Third, and relatedly, the
      future of globalisation might be in trade in intermediate services?as progress with
      digitech lowers technological barriers to such trade across borders.
    • But perhaps the main reason is that trade in services is conceptually different
      from trade in goods.
    • Our paper is the first, to our best knowledge, that analyzes how firms choose
      the currency in which they price transactions in international trade of services and
      that examines whether dominant currency pricing differs between trade in goods
      and services using direct evidence? hitherto unavailable?on patterns of currency
      choices in international transactions in services compared to goods.
    • Work on dominant currency pricing has
      almost exclusively focused on trade in goods.
    • One reason is that data on patterns
      in invoicing currency for trade in services are ?virtually nonexistent? (Adler et al.
    • Yet it is important to look at dominant currency pricing in international trade
      in services for several reasons.
    • Using the exporter?s (or producer) currency in exports is known in the literature as producer
      currency pricing (PCP), while using the importer?s currency is known as local currency pricing (LCP)
      and using a third currency is known as vehicle currency pricing (VCP).
    • Our paper is the first, to our best knowledge, that analyzes how firms choose the
      currency in which they price transactions in international trade of services and that
      examines whether dominant currency pricing differs between international trade in
      goods and services using direct evidence ? hitherto unavailable ? on patterns of
      currency choices in international transactions in services compared to goods.
    • First,
      we rule out compositional effects, that is that differences in the use of currencies
      reflect differences in trade partners in services vs. goods trade.
    • Both in extra-EU and intra-EU trade, the EUR is the
      most widely used currency, be it on the export or import side.
    • Based
      on the framework, we stress which factors should determine currency choices in
      international trade, and to what extent one should expect differences between
      services trade and goods trade.
    • Second, it can price in the importer?s currency
      (local currency pricing, LCP).4 Third, it can use a third currency, say currency
      v (vehicle currency pricing, VCP).
    • That is,
      the currency choice problem is equivalent to determining the currency in which the
      desired price is least volatile.
    • (2022)
      provide systematic empirical evidence ? firm size and exposure to foreign currencies
      in imported inputs ? should also shape currency choices in services trade.
    • Dominant currency pricing in USD ? services vs. goods trade
      Having established that currency choice in international trade of services is an
      active firm-level decision as well as the determinants of this decision, we now

      8.

    • Services and goods exports: prevalence of different pricing strategies (percent)
      Notes: The table shows the shares (in value terms) of different pricing strategies: producer currency
      pricing (PCP), local currency pricing (LCP) and vehicle currency pricing (VCP).
    • To make comparisons with goods trade, we rely on Eurostat?s
      macro data on international trade in goods by invoivcing currency.
    • If intra-EU trade is more important in services than
      in goods trade, this could hence be an explanation for the lower prevalence of the
      USD in services trade.
    • We showed
      that while the USD is also extensively used as a vehicle currency in services trade, its
      prevalence is systematically lower than in goods trade.
    • Hence for all travel services exports
      the invoicing currency is the EUR; for travel imports it is the currency of the
      destination of travel (i.e.
    • Also for these

      ECB Working Paper Series No 2932

      33

      services it seems plausible that trade does not take place vis-?-vis all counterparts
      in each currency.

    • Figure B.2: Share of international trade in services in global GDP broken down by type (%)
      Notes: Authors? calculations using World Bank and World Trade Organization data.
    • An earlier version of this paper circulated under the title ?Currency choices and the role of the
      U.S. dollar in international services trade?.

Nowcasting consumer price inflation using high-frequency scanner data: evidence from Germany

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Mardi, avril 23, 2024
Consensus, Online, Cream, Honey, Tax, Glass, MAPI, Consensus Economics, Journal of Economic Perspectives, Milk, Shower, Low-alcohol beer, Autoregressive–moving-average model, Infant, C3, Islam, Wine, Core inflation, Research Papers in Economics, National accounts, Kálmán, Barcode, Journal of International Economics, Communication, Royal Statistical Society, COVID19, Kohl (cosmetics), Natural disaster, Business, Observation, Paper, VAT, European Economic Review, Diebold Nixdorf, Blancmange, Calendar, Sunflower oil, Annual Review of Economics, Hand, C4, DESTATIS, NBER, Tinning, Razor, Forecasting, Gasoline, Coffee, European Economic Association, Cat, Journal of Monetary Economics, Journal of Applied Econometrics, Medeiros, Architecture, Oxford University Press, Producer, GfK, Quarterly Journal of Economics, Margarine, NCBS, Starch, Political economy, Consistency, COVID-19, Consensus decision-making, Website, MIDAS, Behavior, Deutsche Bundesbank, PPI, World Bank, Collection, Medical classification, Orange, Eurozone, Butter, FMCG, Noise, Travel, Clothing, History, Inflation, Liver, International economics, Journal of Political Economy, BSI, OLS, Statistics, Consumer, PDF, University of Chicago, Classification, ECB, Fats, Policy, Multi, WOB, Outline, C6, Mincing, Canadian International Council, Social science, Perfume, University of California, Berkeley, Journal of Forecasting, Federal Reserve Bank, JEL, L1, Journal, Research, Candle, Food, TPD, Credit, Spice, LPG, Janssen, Marmalade, Superior, Literature, Chocolate, Beef, Kiel University, European Central Bank, Natural gas, HICP, Monetary economics, Yogurt, Section 5, ILO, Bermingham, Price, GTIN, Cheese, Macroeconomics, Growth, Beck, XJ, Government, De Beer, Supermarket, Ice cream, Naturally, C53, Corn flakes, BIS, Biscuit, LASSO, Petroleum, A.2, Poultry, Accuracy and precision, Application, White, Lettuce, Risk, ESCB, University of Siegen, OECD, Chapter One, Lipstick, Sack, XT, BIC, Garlic, Consumption, Sokol, Meat, VAR, Database, Section 3, Rusk, American Economic Journal, Royal, Curd, Overalls, Lamb, Great Lockdown, Fruit, Economy, COICOP, International Journal of Forecasting, Aftershave, Section 2, Nonparametric statistics, Attention, Conference, CPI, Heat, Public economics, Common sunflower, Nowcasting, American Economic Review, Computational Statistics (journal), GFK, COVID-19 pandemic, Exercise, Shock, Running, UNECE, Edible, Gambling, Banco, Rigid transformation, European Commission, Frozen, C.2, PRISMA, Official statistics, Concept, Drink, Transaction data, Somatosensory system, Punctuality, Altbier, Food prices, Response, GDP, Index, E31, Cabinet of Germany, Holiday, Machine learning, Series, Green, Whisky, Vegetable, Cola, Journal of Econometrics, Sadik Harchaoui, University, Aggregate, World Bank Group, B.1, Use, Book, Economic statistics, Civil service commission, 1L, Apple, Bread, Filter, Central bank, Brandeis University, Economic Modelling, Bank, Barkan, Roulade, Dairy product, Neural network, Reproduction, IMF, Section, ID, Data, D4L, Cryptocurrency
Key Points: 

    Frank Elderson: “Know thyself” – avoiding policy mistakes in light of the prevailing climate science

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    Jeudi, avril 18, 2024
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    Stock market development and familiarity (language and distance) are considered key determinants for home bias.

    Key Points: 
    • Stock market development and familiarity (language and distance) are considered key determinants for home bias.
    • The literature neglects however that investors often invest in foreign funds domiciled in financial centers.

    Is home bias biased? New evidence from the investment fund sector

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    Jeudi, avril 18, 2024
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    Key Points: 

      The 42nd Edition of Seafood Expo North America/Seafood Processing North America, Opens in Boston to Seafood Professionals from Around the World

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      Dimanche, mars 10, 2024
      Expo, Social media, Artificial intelligence, Return, Diversified Communications, Restaurant, Marketing, International economics, Pacific Seafood, Marel, Brown University, Beaver Street (Manhattan), Linde, ESG, Aquaculture, Career, Convention center, Politics, Populism, Outlook, Supermarket, Food industry

      PORTLAND, Maine, March 10, 2024 /PRNewswire-PRWeb/ -- Seafood Expo North America/Seafood Processing North America, produced by Diversified Communications, opens in Boston for its 42nd edition with a bustling exhibit hall filled with seafood suppliers, services, processing and packaging equipment companies from around the world.

      Key Points: 
      • PORTLAND, Maine, March 10, 2024 /PRNewswire-PRWeb/ -- Seafood Expo North America/Seafood Processing North America, produced by Diversified Communications, opens in Boston for its 42nd edition with a bustling exhibit hall filled with seafood suppliers, services, processing and packaging equipment companies from around the world.
      • The Seafood Expo North America exhibit hall features seafood companies displaying a variety of fresh, frozen, canned, value-added, processed, and packaged seafood products.
      • The Seafood Processing North America exhibit hall showcases market-leading processing and packaging equipment companies, along with logistics services and other service providers.
      • Seafood industry buyers and professionals can learn more about Seafood Expo North America/Seafood Processing North America and register to attend by visiting seafoodexpo.com/north-america.

      Isabel Schnabel: R(ising) star?

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      Mercredi, avril 3, 2024
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      This box investigates how households have responded to the 2021-23 inflationary episode using evidence from the ECB’s Consumer Expectations Survey.

      Key Points: 
      • This box investigates how households have responded to the 2021-23 inflationary episode using evidence from the ECB’s Consumer Expectations Survey.
      • The findings suggest that households have primarily adjusted their consumption spending to cope with higher inflation.

      Unlimited Builds Out C-Suite, Appointing Hedge Fund Veteran John K. E. Morris as Chief Commercial Officer

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      Mercredi, mars 6, 2024
      Morris, Republic New York, Entrepreneurship, Clark University, International development, Partner, Brandeis University, Yale University, CIO, Material, HSBC, International economics

      NEW YORK, March 06, 2024 (GLOBE NEWSWIRE) -- Unlimited , an alternative investment firm seeking to democratize private markets, is pleased to announce the appointment of hedge fund veteran John K. E. Morris as Chief Commercial Officer.

      Key Points: 
      • NEW YORK, March 06, 2024 (GLOBE NEWSWIRE) -- Unlimited , an alternative investment firm seeking to democratize private markets, is pleased to announce the appointment of hedge fund veteran John K. E. Morris as Chief Commercial Officer.
      • Morris’ addition to Unlimited’s C-Suite will help the firm broaden its reach into the institutional market.
      • Morris joins Unlimited from Blue Water Advisors, where he served as a Managing Director and led the firm’s private equity capital markets operations.
      • Unlimited builds investment vehicles that offer lower-cost access to 2 & 20-style alternative investment strategies to both retail and institutional investors.

      Seafood Expo North America/Seafood Processing North America Announces Keynote Address and Conference Sessions Featuring Top Professionals

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      Vendredi, mars 1, 2024
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      PORTLAND, Maine, March 1, 2024 /PRNewswire-PRWeb/ -- Seafood Expo North America/Seafood Processing North America, produced by Diversified Communications, announces keynote speaker Mark Blyth – William R. Rhodes '57 Professor of International Economics, The Watson Institute for International and Public Affairs at Brown University – and over 30 conference sessions presented by top professionals from across the sector on important topics facing the seafood industry.

      Key Points: 
      • PORTLAND, Maine, March 1, 2024 /PRNewswire-PRWeb/ -- Seafood Expo North America/Seafood Processing North America, produced by Diversified Communications, announces keynote speaker Mark Blyth – William R. Rhodes '57 Professor of International Economics, The Watson Institute for International and Public Affairs at Brown University – and over 30 conference sessions presented by top professionals from across the sector on important topics facing the seafood industry.
      • The keynote session will be held on Sunday, March 10th at 11:00am in room 153CB.
      • The conference program, taking place during the three-day expo, will highlight timely topics and bring together a range of professionals to share their unique perspectives and insights.
      • Another session will include professionals from the Seafood Nutrition Partnership, H-E-B and Riverence talking through what drives U.S. consumer behavior and demand for seafood.