We investigate the role of colonial history on current international trade. We benefit from the British and French colonial experiences to compare their differential effect on trade of former African colonies. Former British colonies appear to trade more on average than their French...

We empirically study the impact of monetary integration on foreign direct investment (fdi) using a theoretically grounded model. A single currency may induce more fdi since it reduces macroeconomic uncertainty and lowers transaction costs. We find that the Economic and Monetary Union (emu) plays...

Recent papers document severe and rapid trade disintegration following political disintegration. We challenge this result and support the idea that established bilateral trade changes relatively slowly. Using the unique case of former Yugoslavia, we do not find any evidence of a strong and...

This paper investigates the influence of the legal framework quality on trade. Our sample includes trade flows between European countries over the period 1995-1999. During this period, transition economies of Central and Eastern Europe have attempted to set up market-oriented legal systems to...