This paper re-examines the role of exchange rates as determinant of FDI. It extends the analysis to include the issue of how exchange rates determine the decision of invest in one country depending on whether the firm is deciding to invest on the country to service the local market or to invest...

The positive response of prices to an increase in interest rates or contractionary monetary policy has been documented by several empirical studies. According to monetarist as well as IS-LM models, an increase in interest rates or contractionary monetary policy reduces aggregate demand leading...

Using 2010-2017 data we compare the labour market outcomes of refugees (those who migrated to seek asylum), natives (UK-born), and other migrants in the UK (work, study and family migrants). The results indicate that refugees are less likely to be employed and earn less than natives and other...

The role of ethnic immigrant networks in facilitating international trade is a well-established phenomenon in the literature. However, it is less clear whether this relationship extends to illegal trade and unauthorized immigrants. In this paper, we tackle this question by focusing on the case...

What are the preferred policy responses of host country residents to large migration inflows, and to what extent are these preferences driven by contact with migrants as well as values such as humanitarianism This paper addresses these questions using new data on preferences of Colombians for...

This paper re-examines evidence of volatility persistence and long memory in the light of potential time-variation in the unconditional mean of the volatility series. Daily equity volatility is generally regarded as exhibiting long memory, however, recent evidence has suggested that long memory...

How does conflict, displacement, and return shape trust, reconciliation, and community engagement? And what is the relative impact of exposure to violence on these indicators? In this paper we explore these questions by focusing on the legacies of armed conflict and the differences between those...

Globally, over 40 million people have been forced to leave or flee their homes due to conflict, violence, and human rights violations either as refugees outside their country of origin or Internally Displaced Persons (IDPs). A substantial number live in protracted displacement where return has...