F2 - International Factor Movements and International Business

• Offshoring and Voting Patterns in the US

  Staff working paper 2026-37 Anna Maria Mayda, Lindsay Oldenski, Walter Steingress

  This paper studies the impact of offshoring by US firms on voting patterns for incumbents in the US.

  Content Type(s): Staff research, Staff working papers JEL Code(s): D, D7, D72, F, F2, F23, F6, F60 Research Theme(s): Models and tools, Economic models, Structural challenges, International trade, finance and competitiveness

• Canada’s Cross-Border Carry Trade

  Staff analytical paper 2026-54 Bruno Feunou, Rishi Vala, Andreas Uthemann, Jean-Sébastien Fontaine

  Canada has spent more than its national income for much of the post-Global Financial Crisis period. Yet favourable asset-price and exchange-rate movements have raised Canada’s net foreign assets. Since 1990, cumulative valuation gains were about three times the current-account deficit, relaxing the adjustment needed to stabilize Canada’s external position.

  Content Type(s): Staff research, Staff analytical paper JEL Code(s): F, F2, F21, F3, F31, F32, F4, F41, G, G1, G15 Research Theme(s): Financial markets and funds management, International markets and currencies, Structural challenges, International trade, finance and competitiveness

• How Costly Are Cross-Border Payments for Firms?

  Staff analytical paper 2026-49 Jiaqi Li

  Using proprietary FXC Intelligence data on quoted prices for Canadian business-to-business cross-border payments, this note finds that banks charge firms around 2–3.5% of transaction value. Prices vary considerably across banks for the same corridor, transaction amount, and year.

  Content Type(s): Staff research, Staff analytical paper JEL Code(s): E, E4, E42, F, F2, F29, Y, Y1, Y10 Research Theme(s): Money and payments, Payment and financial market infrastructures, Retail payments