A maastrichti szerződésben megjelölt végső határidőre, azaz 1999. január 1-jére sikerült elindítani a gazdasági és monetáris uniót, az EMU-t. A megvalósulás véget vetett a monetáris unió indokoltságáról vagy indokolatlanságáról csaknem egy évtizede folyó vitának....

India has a long history of economic linkages with the EU member states. In recent period, the volumes of Indo-EU trade both in case of merchandise products and services have considerably increased and a number of investment collaboration opportunities are emerging. Since 2007 the two sides are...

After the beginning of the euro area, countries in its periphery engaged in weighty borrowing from foreign private investors, allowing domestic spending to outpace incomes. Now, these countries face debt crises reflecting a loss of creditor confidence in the sustainability of their finances from...

This paper uses a novel dataset on US food import refusals to show that reputation is an important factor in the enforcement of sanitary and phyto-sanitary (SPS) measures. The strongest reputation effect comes from a country’s own history of compliance in relation to a particular product. The...

This paper addresses two central questions for Asia and the world: (1) What is the purpose of Asian regional policy coordination going forward? (2) Will Asian regional policy coordination substitute or complement global policy coordination? The paper examines the potential coverage and content...

A source of anxiety of policy makers and the public in general is the detrimental impactof globalization and immigration on unemployment. The transitory restrictions forworker migration after the EU enlargements of 2004 and 2007 exemplify the supposednegative effect of immigration on labor...

There is an old saying that states that “If the United States sneezes, the rest of the world catches a cold”. Against this background, it is argued that some countries, especifically China, can “decouple” from the US economy and sustain strong growth in the face of a US slowdown. In this...

We estimate the elasticity of extra-EU French firm-level exports with respect to applied tariffs, a variable trade cost. We propose a methodology controlling for unobserved firm characteristics driving selection in exports market and for the usual resistance terms. Results confirm a significant...

The opening is necessary, but not sufficient, it helps provide remedial opportunities for developing countries by providing the means for poor countries to get out of underdevelopment, but on the other hand it makes them incur costs and risks. Our study conducted for the case of Tunisia showed...

Global Value Chains (GVCs) have become a central topic in trade and development policy but little is known about their actual impact on economic performance because data availability has been limited. Using a new unique set of Inter- Country Input-Output tables with extensive country coverage, I...