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The Optimal Basel Capital Requirement to Cope with Pro-cyclicality: A Theoretical Approach
This paper focuses on the role of the Basel capital requirement and proposes a new counter cyclical measure by use of a simple general equilibrium...
Half a Century of Exporting Educational Services: Assessing Egypt’s Role in Educating the Arab World
Egypt’s role as the leading exporter of educational services to the Arab region has been a source of national pride and great debate in the...
Liberalising Air Cargo Services in APEC
This study aims at assessing the link between a more liberal air cargo regime and increased bilateral merchandise trade in the Asia Pacific...
Leveraging Trade in Services to Consolidate Global Economic Recovery: An Agenda for the G-20
The time is ripe for G-20 policymakers to take strong and decisive action to reduce the costs of providing services abroad, because: 1. The costs...
Circular Labour Migration and Offshoring of IT Services: What can be Done to Remove Unnecessary Trade Barriers?
India has since the early 1990s moved from being an inward-looking economy with import-substitution policies to become one of the world’s leading...
Origins of the Financial Crisis and Requirements for Reform
This paper examines the causes of the global financial crisis (focusing in particular on why residential mortgage-backed securities and credit...
Has the EU’s Single Market Program led to Deeper Integration of EU Services Markets?
This paper empirically evaluates whether the EU’s Single Market Program has led to deeper integration of EU services markets. It adopts a...
Public Money for Public Goods: Winners and Losers from CAP Reform
Who will win and who will lose under the post-2013 Common Agricultural Policy (CAP)? Will those member states that benefit most from the current...