This paper analyzes tax competition between countries which differ in their country-specific risk. We show that the outcome of asymmetric tax competition crucially depends on the ability of multinational firms to shift profits. With high costs of profit shifting, higher-risk countries set lower...

Developing countries are constrained in financing current account deficits as real capital mobility is still far from perfect. At the same time, capital flows to these countries proved to be extremely volatile. The paper argues that the long-term problem of "too little" should not be confused...

Grenzüberschreitende Finanzierungen im Völkerrecht / Hugo Hahn -- Das System der staatlichen Exportkreditversicherung und deren Beitrag in der internationalen Verschuldungskrise / Volkmar Euler -- Projektfinanzierung der Europäischen Investitionsbank und das internationale Recht / Jörg...