This paper analyses data released by the three EC member countries' Central Banks on payments and receipts for services traded between West Germany, France, and the Netherlands on the one hand and the five founding member states of ASEAN on the other. Chapter II analyses the changing role of...

This paper assesses the economic implications of the United Kingdom leaving the European Union. The basic data on trade in goods and services and investment between the two parties suggest that cost of ‘Brexit’ could be substantial. Trade between the UK and the EU27 is large and of a similar...

This paper examines the determinants of international trade in services using data on total services trade and a breakdown of the component subsectors between 28 reporting countries and over fifty partner countries. Using a gravity model approach, we find that the income level and size of the...

The UK’s withdrawal from the EU will have far-reaching consequences on the European economy. However, the ultimate consequences of Brexit, especially for financial markets, depend on the final agreement, which is still under negotiation. Currently, regulated financial services can be provided...