Special Issue on Trade Wars


Special Issue on
‘Trade Wars: Past & Present’

Global Finance Journal
Call for Papers

Special Issue: Trade Wars: Past & Present

Guest Editor: James Ang, Florida State University

Description of Purpose and Scope of the Special Issue:
Although somewhat neglected in academic research, trade wars rank among major events in the history of international finance. To fill this gap, Global Finance Journal is sponsoring a Special Issue on Trade Wars. The special issue seeks to attract high quality research focused on understanding the economic and financial consequence of trade wars.

In a trade war, one nation imposes tariffs or quotas on imports from another country (or a group of countries) and the latter responds with retaliatory forms of trade protection. Historically, trade wars have occurred with some degree of regularity. In modern times, the Smoot-Hawley Act of 1930 (which may have contributed to a severe worldwide recession), and the 1987 trade war with Japan can be cited as a two such examples. More recently, a series of American-initiated trade wars during the 2017-2020 period involved multiple fronts/objectives. A few were seen to have been motivated by a desire to renegotiate existing trade agreements, including the North American Free Trade Agreement (with Canada and Mexico) and the U.S.-Korea Free Trade Agreement. Others may have been motivated (at least partially) by political, fiscal or diplomatic factors (tariffs on imports of aluminum and milk from Canada or on imports of wines and cheeses from France may fall into this category). A combination of all such motives may have contributed to the trade war with China, as a result of which the two countries imposed and raised tariffs on practically all of each other’s exports.
Trade wars, and their ensuing tariff hikes, have the potential to greatly impact consumer prices, firm profits, supply chains, as well as the allocation and the reallocation of resources both domestically and across the global economy. This Special Issue on Trade Wars seeks to attract high quality research focused on a better understanding of the consequence of trade war and tariff hikes. Submissions focused on theoretical arguments, empirical papers containing in-depth analyses, as well as behaviorally-focused manuscripts dealing with trade wars are encouraged. Issues that may be addressed include, but are not limited to, the following topics:
• Theoretical and empirical evaluations of trade wars, both economic and financial.
• Global supply-chain shifts and interruptions caused by trade wars.
• Financial market reactions to trade policy changes, both at the aggregate and sectoral levels.
• Effects of trade wars on levels of imports and exports and on balance of payments.
• Diffusion process of the impact of trade wars, from the targeted industry(ies) to others and the targeted country(ies) to others.
• Consumer-finance effects of trade wars.
• Direct and indirect fiscal effects of trade wars, including their effects on government transfer payments.
• Rational and behavioral explanations of the political popularity of trade wars, despite their apparent lose-lose outcomes.

Interested authors should submit through the journal’s website
http://www.journals.elsevier.com/global-finance-journal/ and designate the submission for the Special Issue on “Trade Wars” in the cover letter.

Submission Deadline: December 31, 2021 (Early submissions are encouraged.)
Completion Date: April 1, 2022