1 “... chains expose domestic production to shocks from abroad. This paper uses new indicators of global value...”

2 “...Policy makers are increasingly grappling with the stability implications of global value chains...”

3 “...Global trade growth over the past few years has appeared extraordinarily weak, even in relation...”

4 “...Global trade growth over the past few years has appeared extraordinarily weak, even in relation...”

5 “...The global crisis of 2008-09 went hand in hand with sharp fluctuations in capital flows. To some...”

6 “..., global current account imbalances. This paper assesses empirically the contribution of the search...”

7 “...International trade and in particular global value chains have provided many economies with new...”

8 “... of international investment positions large currency fluctuations during the global crisis of 2008-09 did not cause...”

9 “... preserving the benefits of global sourcing...”

10 “... in the investment goods-producing sector and greater global value chain participation have compressed labour shares...”

11 “...The global financial crisis of 2007-09 and the ensuing sovereign debt crisis in Europe provide...”

12 “... the estimation period - which now typically covers the mid-1980s to 2012 and includes the global trade collapse...”

13 “... slowdown during the global crisis of 2008-09 and the subsequent rebound several months ahead of official...”

14 “... the global crisis of 2008-09, in part reflecting cyclical factors such as large contractions in domestic...”

15 “... was primarily short-term. Vulnerability to contagion has been lower when global liquidity has been abundant...”