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Seoul Journal of Economics - Vol. 33 , No. 4

[ Article ]
Seoul Journal of Economics - Vol. 33, No. 3, pp.265-281
Abbreviation: SJE
ISSN: 1225-0279 (Print)
Print publication date 31 Aug 2020
Received 29 Feb 2020 Accepted 17 Mar 2020

The Causes of Trade Tensions and their Consequences for Financial Stability
Andrew K. Rose
Andrew K. Rose, Dean NUS-Business, on leave from Berkeley-Haas, ABFER senior fellow, CEPR research fellow and NBER research associate, Tel: +65 6516-3075 (

JEL Classification: F15, G15


I have two objectives in this short paper. First, I explore some of the reasons why the world is currently experiencing so much tension associated with international trade. Second, I discuss some of the consequences of this trade tension for financial stability.

Keywords: Data, Empirical, International, Protection, Soft power


This paper was first delivered as a keynote address to the G20 Conference on Global Financial Stability in Seoul in November 2019; all mistakes are mine alone.

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