We discuss the role of contracting impediments created by the existence of national borders on open economy growth. In a two-good neoclassical Ramsey growth model with lack of enforcement on international trade contracts we show that endogenous trading constraints with positive trade may arise...

We conjecture that banks present in two regions charge the appropriate risk premiums for trade-related projects between these markets, whereas higher rates are charged for projects involving shipments to markets where they are absent. These differences affect regional trade flows. US interstate...

This paper presents the results of a study of the determination of life insurance demand in Poland. A characterisation of the Polish life insurance sector is given, including a comparison with the top ten emerging markets and other CEE countries such as Hungary and the Czech Republic. The...