The European north-south divide has been an issue of a long-standing debate. We employ a Global VAR model for 28 developed and developing countries to examine the interaction between the global trade imbalances and their impact within the euro-area framework. The aim is to assess the propagation...

On June 23, 2016, United Kingdom (UK) voters decided to leave the European Union (EU), thereby starting a process commonly known as Brexit. British Prime Minister Theresa May invoked EU Article 50 on March 29, 2017. The invocation of EU Article 50 puts the UK on a course to leave the EU by the...

This research focuses on the impact of German exports on exports of the other selected EU countries. We used the Global VAR approach to build a robust trade model between 23 EU countries, the USA, and China. By stressing this model with different shocks, we were able to observe how exports of...

The transmission mechanism has been dominated by direct monetary measures since the crisis of 2008. While the indirect impacts of the unconventional monetary instruments have not been fully explored yet. Monetary policy and funding conditions determine pricing sentiments for bond, stock and...

We analyse the nature of German trade-FDI linkages within the EU27 based on a simultaneous equation gravity approach for imports, exports, in- and outward FDI stocks. We adopt both a Hausman-Taylor (1981) IV approach (3SLS-GMM) and rival non-IV estimation (the system extension to the Fixed...

This paper investigates the causes of rejections of African exports at the EU border as a barrier in accessing EU markets. Our results indicate that natural geographical hurdle, poor trade-related infrastructure, inefficient border procedure and a lack of technical personnel increase the...

This paper implements a panel data approach for studying the determinants of and relationships between bilateral economic activities in terms of both trade and foreign direct investment between the EU member states. The familiar equation for testing the determinants of bilateral exports is...