The Middle East was once seen as a medieval great globalized force. Nowadays it shows one of the lowest intra-regional trade in the world and therefore it is claimed that the region is poorly integrated. Yet, with the steady .ow of workers across national borders of the Middle East is this...

Purpose – This paper investigates whether financial crises could be the indicators of capital outflow waves or vice versa in Korea. Korea has experienced two severe financial crises, which are the Asian Crisis and the global financial crisis. Although there were many variables associated with...

Spanish Abstract: Tras años de fomento del libre comercio y de la globalización, las posiciones nacionalistas y unilateralistas comienzan a ganar terreno en la realidad internacional. En este entorno, el recurso a la noción de intereses esenciales de la seguridad del Estado y conceptos...

Decisions by arbitral tribunals in investment treaty cases do not have formal precedential status. Yet certain issues recur, and prior decisions at the least provide guidance to later tribunals. The content of the most frequently invoked substantive treaty provisions - the obligations to accord...

I review the crises and contagion literature as it has been formed during the last decade. The focus of the paper is to describe the main channels through which crises spread as they have been described in empirical studies and then present theoretical papers that support those views....

This report looks at the prospects for economic integration between Ukraine and the European Union. It starts from presentation of the background of the EU-Ukraine relations and then carries a detailed assessment of implementation of selected economic articles of the EU-Ukraine Action Plan that...

In this paper we develop a two country general equilibrium extension of the Stockman (1980)-Lucas (1982) equilibrium exchange rate model. This optimising framework gives us the opportunity to analyse the effect of foreign direct investment on trade and welfare of both the investor and the...

This paper examines how the macroeconomic effects of capital controls vary depending on which type of international financial transaction they cover. Drawing on Malaysia`s experiences in regulating the capital account during the 1990s, it finds, in an error-correction model, that capital...

Purpose – The purpose of this paper is to examine the effects of foreign direct investments and economic growth on employment and female employment in Turkey with quarterly data for 2000:Q1-2013:Q4 terms. Design/Methodology/Approach – The data were obtained from Electronic Data Delivery...

The present inquiry contributes to extant literature by simultaneously accounting for variations in financial development and financial globalisation in the assessment of hypothetical initial financial development conditions for the rewards of financial globalisation. For this purpose, we...