ST. LOUIS, Missouri, Feb. 17 (TNSLrpt) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2025-029) on Feb. 13, 2026 by Leo C.H Lam and Ana Maria Santacreu entitled "Technology, Geopolitics, and Trade."

Here is the abstract:

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We study how geopolitical shocks reshape innovation through the contractual structure of cross-border technology adoption. Empirically, royalty flows are more sensitive than goods trade to geo . . .

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