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Marco Garofalo

@marcogarofalo.bsky.social

Assistant Professor of Finance @umsbe Ex-@bankofengland PhD @OxfordEconDept ⚽️ Long-suffering AS Roma fan 🇮🇹🇳🇱🇪🇺🇬🇧 https://sites.google.com/view/marco-garofalo/home

41 Posts104 Follower129 Folgt
Marco Garofalo@marcogarofalo.bsky.social · 11mo ago

Given today’s news on US sanctions, thought to repost this 👇🏻 New improved draft coming soon!

Marco Garofalo@marcogarofalo.bsky.social · last yr.

📣📣📣 New paper out 📣📣📣 With Giovanni Rosso and Roger Vicquery, we study the interplay between financial sanctions and dollar dominance focusing on how post-2014 international lending to Russia de-dollarized ($⬇) in favour of a euroization (€⬆️) ora.ox.ac.uk/objects/uuid... 🧵👇[1/10] #EconSky

Chatham House@chathamhouse.org · last yr.

Ukraine’s Operation Spider’s Web will enter the history books as one of the most remarkable and best-executed covert operations of the war, writes @katjabego.bsky.social.

Ukraine’s Operation Spider’s Web is a game-changer for modern drone warfare. NATO should pay attention

The use of cheap drones to strike targets deep within Russia provides a blueprint for rapidly evolving modern warfare that should inform how states seek to defend themselves.

chathamhouse.org

Daniel McDowell@danielmcdowell.bsky.social · last yr.

Fascinating new work linking financial sanctions to the dollar's use in Russia.

Marco Garofalo@marcogarofalo.bsky.social · last yr.

📣📣📣 New paper out 📣📣📣 With Giovanni Rosso and Roger Vicquery, we study the interplay between financial sanctions and dollar dominance focusing on how post-2014 international lending to Russia de-dollarized ($⬇) in favour of a euroization (€⬆️) ora.ox.ac.uk/objects/uuid... 🧵👇[1/10] #EconSky

Thomas Sampson@thomsampson.bsky.social · last yr.

Interested in how trade barriers affect firms? New @voxeu.org column on our research on firm-level effects of Brexit on UK goods trade Leaving single market and customs union reduced UK exports and imports Smaller firms hardest hit: around 16,400 firms stopped exporting to EU because of TCA

VoxEU @ CEPR@voxeu.org · last yr.

Dismantling deep integration has consequences for #trade. Brexit reduced worldwide UK #exports by 6.4% and worldwide #imports by at least 3.1%. Smaller firms suffered larger declines than large firms. @marcogarofalo.bsky.social @thomsampson.bsky.social et al cepr.org/voxeu/column... #EconSky

Graphs of the estimated changes in firm trade with EU versus rest of the world following Brexit by firm size quintile. Smaller firms experienced a larger impact than large firms. How does dismantling deep integration affect international trade? This column uses firm-level customs data to study the impact of Brexit on UK goods trade. The authors find that in the short term, exit from the Single Market and Customs Union reduced worldwide UK exports by 6.4% and worldwide imports by at least 3.1%. Importers partly compensated for lower EU imports by sourcing more from outside the EU, while exports to non-EU countries were unaffected. Moreover, smaller firms suffered larger declines in trade with the EU, whereas the largest firms did not experience a fall in exports. Lookup fields should be configured in the field menu dropdown
Chatham House@chathamhouse.org · 2y ago

"Russia's pushing of the envelope when it comes to these hybrid attacks means that the Kremlin is playing with fire." Senior Research Fellow @katjabego.bsky.social joins the @wsj.com to discuss the allegations of sabotage in the Baltic Sea and Moscow’s hybrid war with NATO.

Europe’s Undersea Cable-Cutting Mystery, Explained

WSJ unpacks the allegations of sabotage that have turned the Baltic Sea into the focal point of Moscow’s hybrid war with NATO.

wsj.com

Marco Garofalo@marcogarofalo.bsky.social · 2y ago

My first coverage in Dutch! Bedankt @nu.nl voor deze goede samenvatting van ons nieuwe onderzoek over de impact van Brexit op Internationale handel Hier de link: www.nu.nl/economie/633... En ons paper: cep.lse.ac.uk/_NEW/PUBLICA...

Brexit raakte Britse handel in eerste twee jaar toch niet zo hard als verwacht

Het Britse bedrijfsleven blijkt beter bestand te zijn tegen de gevolgen van de Brexit dan voorspeld, blijkt uit nieuw onderzoek. Onder de slachtoffers van de breuk zitten vooral kleinere exportbedrijv...

nu.nl

Marco Garofalo@marcogarofalo.bsky.social · 2y ago

Brilliant ESCB Research Cluster 2 workshop this week at Banca d’Italia. Great to meet colleagues and hear about their exciting research! Also had the chance to present the new version of our paper on the dollarization of UK exports after Brexit. (Old version 👇🏻; new coming soon 😉)

bankofengland.co.uk