This paper sets out to investigate the forces behind the so-called "global capital flows paradox" and related "dollar glut" observed in the era of advancing financial globalization. The supposed paradox is that the developing world has increasingly come to pursue policies that result in current...

This paper explores the impact of the South Asian Free Trade Area (SAFTA) agreement on food security by using a gravity model to examine the regional changes in trade in agricultural products. This is followed by a discussion of how this might affect the four dimensions of food security,...

The statistical challenges of globalization are profound. We cannot rely solely on national statistics to understand how economies work and how to create industrial policies focusing on competitiveness. It is necessary to see the whole. National statistics build pictures based on relationships...

The global economic landscape is undergoing a transformative shift, as evidenced by the BRICS nations’ increasing dominance. This development raises questions about the emergence of economic and political blocks and their potential leverage. China and India, as the world’s most populous...

An increasingly important part of contemporary merger control both in the US and the EU is unilateral effects analysis, particularly with regard to oligopolistic mergers. In practice, this requires econometric analyses of past market data and, above all, the construction of simulation models in...

Based on a classification of countries and territories according to their regime and anchor currency choice, the study considers the two major currency blocs of the present world. A nested logit regression suggests that long-term structural economic variables determine a given country's currency...

Highly-skilled migrants are becoming a more important part of the world economy and of policy debates in a diverse set of countries. The proliferation of skills around the world, increases in world trade, the growth of R&D, and the general increase in the labor market demand for diverse sets of...

An increasingly important part of contemporary merger control both in the US and the EU is unilateral effects analysis, particularly with regard to oligopolistic mergers. In practice, this requires econometric analyses of past market data and, above all, the construction of simulation models in...

Seit Juni 2013 wird das transatlantische Freihandelsabkommen zwischen der EU und den USA verhandelt. Die Kritiker befürchten einen Abbau bestehender Standards im Umwelt- und Verbraucherschutz und bei den Arbeitnehmerrechten. Die Befürworter rechnen mit großen Wohlfahrtsgewinnen für beide...

This paper explores and contrasts the revised Bretton Woods hypothesis (BW II) with the structural Keynesian hypothesis. Whereas the former sees the growing global imbalances of the three decades prior to the financial crisis of 2008 as beneficial, the latter sees them as problematic and...