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The Crisis and the Global Economy: A Shifting World Order?
The global economic crisis has sparked short-term divergence of economic performance between the West and emerging markets, and thereby accelerated...
Determinants of Comparative Advantage in Services
This paper analyzes whether and to what extent determinants of comparative advantage have explanatory power for conventional services trade. It...
Effects of inappropriate Financial Regulation
With the recent financial crisis and discussions over the Basel III framework, regulation of banking systems is likely to be modified, if only to...
Surveillance by International Institutions: Lessons from the Global Financial and Economic Crisis
This paper reviews key policy messages and warnings about developments in the run-up to the global financial and economic crisis that began in...
How Does Religion Bias the Allocation of Foreign Direct Investment? The Role of Institutions
We construct a gravity model of worldwide foreign direct investment stock (FDI) in order to study the effect of religion on FDI allocation. We...
“Border Carbon Adjustments: A Real Threat or a Storm in a Teacup?”
So far, the only examples of existing nation-wide mandatory mitigation mechanisms are the emission trading schemes in the EEA countries and New...
Trade in Services and TFP: The Role of Regulation
What determines services TFP: Is it services trade or services‐trade regulation? To respond to this question I use four indicators of...
Chinese Trade Policy After (Almost) Ten Years in the WTO: A Post-Crisis Stocktake
China’s trade policy has shifted in the near-decade since it joined the WTO, argues Razeen Sally in a new study. It behaves more like a very...
Is the Renminbi Undervalued? The Myths of China’s Trade Surplus and Global Imbalances
Alarmed by the persistent and large US trade deficit vis-à-vis China and the rapidly swelling Chinese foreign exchange reserves, influential US...