This paper discusses the channels between openness and productivity and trade hampering factors. The stylized facts from the heterogeneous firms literature suggests that firms face market entry costs for each new product they export and to each new export market. Transport costs, border costs...

We lay out an empirical and a theoretical model to analyze the effects of non-fundamental exchange rate volatility on economic activity and welfare. In the first part of the paper, the GARCH-SVARmodel is applied to measure empirically the effect of the conditional exogenous exchange rate...

The worldwide banking system is at the heart of the greatest economic crisis for at least 70 years. The crisis has strongly affected a sector that had already experienced significant changes in the preceding 30 years. Structural changes in the world economy, caused by globalisation processes and...

This report explores the employment impact of globalisation and reviews the attitudes and responses of national governments and the European social partners to this phenomenon. It first looks at the attitudes of the different stakeholders in the 27 Member States of the EU, including Bulgaria and...

This briefing paper provides critical reflections on the European Commission Communication: u0091a European agenda for culture in a globalising worldu0092 of 10th May 2007. It highlights some potential points of progress that have been proposed to improve the EUu0092s difficult and faltering...