Roughly 60% of all publically announced advisors to China’s “Going Out” M&A transactions from 2000 to 2014 were from international financial centres (representing over 70% of deal value). Why did advisors, located so far away from both acquirer and target, manage to dominate the M&A...

Type-I and type-II errors effects do matter both from the rules enforcement perspective and vertically upward to rules enactment. The paper support conventional idea about detrimental influence on deterrence of both types of errors. At the same time special role of type-I errors is demonstrated...

While there is no consensus concerning the legal and moral judgment towards prostitution, there is an overwhelming agreement on the need to fight sexual slavery. The paper shows the effect of clients’ punishment in the market for commercial sex (the so called neo-abolitionism or nordic...

This paper aims to study corruption as an epidemic phenomenon using the epidemic diffusion model of Kermack and Mc-Kendrick (1927). We seek to determine the dynamics of corruption and its impact on the composition of the population at a given time. We determine a threshold epidemiological...

This paper utilizes an otherwise standard micro-founded general-equilibrium setup, which is augmented with a revenue-extraction mechanism to assess the magnitude of VAT evasion. The model is calibrated to Bulgaria after the introduction of the currency board (1999-2014), as one of the very few...

L'intégration économique entre les États membres de l'Afrique de l'Ouest était le mandat initial de la CEDEAO. Les menaces au développement, à la paix et à la sécurité ont conduit la communauté à élargir son mandat pour inclure la gestion des conflits. La CEDEAO a établi un bilan...

L'Union économique et monétaire ouest-africaine (UEMOA) a été créée par la France pour contrer la domination des pays anglophones d'Afrique de l'Ouest, en particulier le Nigeria et le Ghana, sur l'Afrique de l'Ouest francophone. La francophonie en Afrique occidentale française est...

The West African Economic and Monetary Union (UEMOA) was established by France to counteract the dominance of Anglophone countries in West Africa, particularly Nigeria and Ghana, over Francophone West Africa. Francophonie in French West Africa is mainly driven by a power elite, the 'Pré...

Economic integration among West African member states was the original mandate of ECOWAS. Threats to development, peace and security led the community to expand its mandate to include conflict management. ECOWAS has established a commendable record in peacekeeping. Its intervention in Liberia...