of trade with China became less friendly. Today, GDP in North Korea is reportedly lower than in 1990, notwithstanding a …

represents a strong piece of evidence of dominant currency pricing (DCP) in the international trade of services and suggests that …

Transaction costs are a major reason why international trade flows are much smaller than traditional trade theory would … suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of … this paper shows that more trust leads to more trade so that part of the mystery of missing trade can be attributed to the …