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We study the performance of the four Western Hemisphere trading blocs during the period 1978-2001. For the North American Free Trade Agreement (NAFTA), trade integration outweighed trade diversion; for MERCOSUR, increased integration and trade diversion went hand in hand; for the Central American...
Persistent link: https://www.econbiz.de/10014404140
Did the occurrence of systemic banking crises in the 1990s and 2000s significantly alter the behavior of banks in the Mercosur? The objective of this paper is to answer this question by analyzing changes in bank behavior after crises in the Mercosur region. To our knowledge, this is the first...
Persistent link: https://www.econbiz.de/10014412201
Luxembourg receives ample investment from multinational corporations, in part due to some attractive features in its … international tax rules. Around 95 percent of these foreign investments pass through Luxembourg via companies performing holding and …/or intra-group financing activities. While their contribution to Luxembourg's economy is modest relative to their large overall …
Persistent link: https://www.econbiz.de/10012392656
Luxembourg. The young, low-skilled, and non-EU migrants are found to be the most vulnerable groups in the labor market. In …
Persistent link: https://www.econbiz.de/10012154712
The European Union’s Association Agreements with several countries in the Southern Mediterranean Region (SMR) aim to promote deeper economic integration between the SMR and the EU by establishing a free trade area in twelve years. Because a large share of the SMR countries’ total imports...
Persistent link: https://www.econbiz.de/10014400311
Economic and Monetary Union (EMU) has a number of institutional implications for the transition countries of Central and Eastern Europe and selected Mediterranean countries that aspire to join the European Union (EU). After describing the current institutional framework for their relations with...
Persistent link: https://www.econbiz.de/10014400669
This paper reviews the fiscal revenue performance of Southern Mediterranean Arab countries (SMCs) over the last decade and compares this performance with selected middle income and Organization for Economic Cooperation and Development (OECD) countries. These revenues have been declining over the...
Persistent link: https://www.econbiz.de/10014403653
Persistent link: https://www.econbiz.de/10009572314
Persistent link: https://www.econbiz.de/10010441770
Belgium can cause a downward rigidity in real wages, given the multi-tier real wage bargaining process. Recent initiatives …
Persistent link: https://www.econbiz.de/10014398156