This paper questions whether the overseas expansion of a country’s retailers fosters overall bilateral exports towards these host markets. To address this question, we consider an empirical trade model, where the foreign sales of multinational retailers reduce the fixed and variable trade...

The accession of Central and Eastern European (CEE) countries to the European Union (EU) is expected to lead to the new member countries becoming more like the older members, including in terms of trade. In this paper, we focus on two factors promoting CEEEU trade integration: trade...

Recently the world economy was confronted to the worst financial crisis since the great depression. This unprecedented crisis started in mid-2007 had a huge impact on the European government bond market. But, what are the main drivers of this "perfect storm" that since 2009 affects EU government...

Dans cet article, nous étudions empiriquement les déterminants des spreads des obligations souveraines des pays de l'UE vis-à-vis de l'Allemagne entre 2003-2010. Nous abordons deux questions principales. Tout d'abord, nous examinons quelle proportion de la variation des spreads s'explique par...

A recent trend of literature investigates how international trade compensates or accentuates the differences in countries’ endowments in water resources and whether trade regulation should be used to improve the use of water resources at the global level. We develop a simple model establishing...