and the volatility of the main capital flows - foreign direct investment (FDI), portfolio investment, and foreign bank …

Economic theory provides two main explanations why changes in exchange rates can affect foreign direct investment (FDI …). According to a first explanation, FDI reacts to exchange rate changes if there are information frictions on capital markets and … explanation, FDI reacts to exchange rate changes if output and factor markets are segmented, and if firm-specific assets are …

Does more FDI make the world a riskier place for workers? We analyze whether an increase in multinational firms …

The Eastern enlargement of the European Union (EU) is likely to give a further boost to trade and capital flows, yet … determinants of international asset holdings and trade flows. We find in most regressions that EU membership has a significant … candidates actual values are still far below expected ones in most cases. Consequently, we anticipate rising capital and trade …

capital), and the volume of migration (of both skill types), to be higher in the competitive regime than in the coordinated … positive if the (state variable) the capital stock is within a certain range, or zero, otherwise. Migration share of native … level, otherwise. In the case of private saving only regime, the migration share is intermediate level. Thus, migration …

balance between those who gain and those who lose from a more extensive tax-transfer policy. In a stylized model of migration … and human capital formation we find somewhat against conventional wisdom that low-skill migration may lead to a lower tax … burden and less redistribution than no migration even though the migrants join the pro-tax coalition …

an incentive to liberalize migration policy. The paper examines a political-economy, inter-generational, mechanism … demonstrate that the Markov equilibrium, with social security, consists of more liberal migration policies, than the corresponding …

distribution within countries, on the determinants of remittances at a micro-level, or on the effects of migration and remittances …

balance between those who gain and those who lose from a more extensive tax-transfer policy. In a stylized model of migration … and human capital formation we find, somewhat against conventional wisdom, that low-skill migration may lead to a lower … tax burden and less redistribution than without migration, even though the migrants (naturally) join the pro-tax cum …