TRADING AWAY FINANCIAL STABILITY179Investor-state arbitration.In stark contrast to dispute settlement under theWTO and all other aspects of FTAs other than investment rules, US firms havethe right to binding arbitration of disputes related to violations of the agreements.As is the case with most BIT...
The literature has also documented that financial frictions distort firms' export deci- sions and act as an important barrier to international trade (e.g., Amiti and Weinstein 2011; Foley and Manova 2015; Kohn et al. 2016; Leibovici 2021; Minetti and Zhu 2011). Access to finance would ...