Over the past decades, cross-border financial flows have increased in importance and have in many occasions exceeded the underlying current account positions. This phenomenon has been accompanied by an increase in the volume of international equity transactions that accentuate the role of...

This paper analyzes cooperation between sovereign national authorities in the supervision and regulation of a multinational bank. We take a political economy approach to regulation and assume that supervisors maximize the welfare of their own country. The communication between the supervisors is...

The paper analyses possible consequences of the EU enlargement on the EU trade with the Commonwealth of Independent States (CIS). It considers the current situation in trade between the two groups of countries, describes the factors limiting this trade, and discusses the opportunities for the...