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-ups of multinational federations in Eastern Europe. The intensity of trade relations among the constituent parts of …
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The gravity model of trade is utilized to assess the impact of disintegration on trade. The analysis is based on three recent disintegration episodes involving the former Soviet Union, Yugoslavia and Czechoslovakia. The results point to a very strong home bias around the time of disintegration,...
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addition, we observe similarities between inefficiently used assets in Europe and the phenomenon of zombie lending in Japan …
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