Does colonisation explain differences in trade performance across developing countries? In this paper, we analyse the differential impact of British versus French colonial legacies on the current trade of African ex-colonies. We initially find that former British colonies trade more, on average,...

[eng] Foreign Direct Investment and Integration : Food for Thought for the CEECs . by José de Sousa and Julie Lochard . This paper presents an empirical estimation of the effect of economic and monetary integration on foreign direct investment (FDI ). We find that a country joining the European...

The positive effect of a common currency on trade is empirically well-documented, but the reason of this effect remains unclear. In this paper, we argue that part of the currency union effect on trade is indirect. Currency unions foster foreign direct investment (FDI), which promotes trade due...

We investigate the role of colonial history on current international trade. We benefit from the British and French colonial experiences to compare their differential effect on trade of former African colonies. Former British colonies appear to trade more on average than their French...

We empirically study the impact of monetary integration on foreign direct investment (fdi) using a theoretically grounded model. A single currency may induce more fdi since it reduces macroeconomic uncertainty and lowers transaction costs. We find that the Economic and Monetary Union (emu) plays...

Does colonisation explain differences in trade performance across developing countries? In this paper, we analyse the differential impact of British versus French colonial legacies on the current trade of African ex-colonies. We initially find that former British colonies trade more, on average,...

We show that the negative impact of financial crises on trade is magnified for destinations with longer time-to-ship. A simple model where exporters react to an increase in the probability of default of importers by increasing their export price and decreasing their export volumes to...