Der europäische Binnenmarkt ist für die britische Wirtschaft von vorrangiger Bedeutung. Gleichwohl hat die EU als Zielregion für britische Waren und Dienstleistungen seit der Jahrtausendwende anteilsmäßig an Bedeutung verloren. Das Vereinigte Königreich hat beim Warenhandel mit der EU ein...

A plethora of analyses attempts to quantify the economic impact of a Brexit for the United Kingdom (UK). The results are rather confusing - ranging from significant advantages to marked losses. This can be explained by significantly different methods, diverse assumptions, and the different...

All explorations of the future of the Euro show serious risks for its survival in the present form. The road map of the Five EU Presidents presented in 2015 is far from sufficient to reduce the risks of the Euro zone falling apart by Brexit type developments or new economic shocks. The EU...

Die Studie betrachtet die Wirtschaft der Staaten in Subsahara-Afrika, auf die nur 2 % des weltweiten Bruttoinlandsprodukts entfallen. Unter Nutzung statistischer Daten wird untersucht, ob deutsche Unternehmen Wirtschaftspartner in der Region fanden. Zwar haben mehrere Tausend KMU dahin...

The purpose of this paper is to set out a surprisingly simple solution to the Feldstein-Horioka Puzzle or Paradox, which is that even though global financial markets appear to be integrated, levels of saving and investment are correlated across countries because financial markets cannot, by...

This paper measures the extent of comovements in stock returns between Korea and three major countries (China, Japan and the U.S.) using industry-level data for Korea from 2003 to 2016 in the spirit of the international capital asset pricing model. It also examines what drives the comovements...

We have defined the Baltic Sea Region as consisting of the following countries: Denmark, Estonia, Finland, Germany, Latvia, Lithuania, Poland, Sweden, and Russia. We investigate foreign direct investment (FDI) flows from 1995 to 2010 to these countries econometrically. We use two basic models:...

We show that the creation of the first integrated pan-European transport network during Roman times influences economic integration over two millennia. Drawing on spatially highly disaggregated data on excavated Roman ceramics, we document that interregional trade was strongly influenced by...

We study the impact of the 2016 Brexit referendum on UK foreign direct investment. Using the synthetic control method to construct appropriate counterfactuals, we show that by March 2019 the Leave vote had led to a 17% increase in the number of UK outward investment transactions in the remaining...

This paper investigates and tests the role of regional exposures in financial contagion from advanced to emerging market economies through the global banking network using data on cross-border bilateral bank claims and liability positions. We first examine whether an economy can become more...