Many studies have found that international borders represent large barriers to trade. But how do international borders compare to domestic border barriers? We investigate international and domestic border barriers in a unified framework. We consider a data set of exports from individual US...

A Theory of Regulatory Protection -- Introduction -- A Theory of Global Firms and Local Regulation -- Evidence -- Determinants of Regulatory Barriers to Trade -- Regulatory Preferences in the Chemical Industry -- Regulatory Preferences in the Food Industry -- Institutional Design -- The Design...

Information costs and regulatory barriers are the main distinguishing features of international financial markets as compared to national financial markets. This paper presents a simple model of the impact of these factors on banks' cross-border activities and provides empirical evidence. Our...