On 3 May 2005, the Committee of European Securities Regulators (CESR) has presented the second part of its final advice on implementing measures of the EC Directive for Markets in Financial Instruments (MiFID). Against the background of the abstract framework of the Directive, the advice defines...

Despite trade liberalization efforts made by Eurasian countries, the export structure of the region shows significant levels of concentration across export destinations. To shed light on this observation, this research analyzes trade policy barriers in Eurasia, East Asia and the Pacific, and the...

One of the most notable features of literature about "new economic geography" is a close association between theoretical and empirical work. In contrast to earlier research, theoretical studies are often much more strongly focused on real-world phenomena. At the same time, empirical work is...