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How Does Religion Bias the Allocation of Foreign Direct Investment? The Role of Institutions
We construct a gravity model of worldwide foreign direct investment stock (FDI) in order to study the effect of religion on FDI allocation. We...
Surveillance by International Institutions: Lessons from the Global Financial and Economic Crisis
This paper reviews key policy messages and warnings about developments in the run-up to the global financial and economic crisis that began in...
Effects of inappropriate Financial Regulation
With the recent financial crisis and discussions over the Basel III framework, regulation of banking systems is likely to be modified, if only to...
A Guide to CAP Reform Politics: Issues, Positions and Dynamics
CAP reform is the major bone of contention in the negotiations of the next long-term EU budget beyond 2013. In a new working paper, Valentin...
“Border Carbon Adjustments: A Real Threat or a Storm in a Teacup?”
So far, the only examples of existing nation-wide mandatory mitigation mechanisms are the emission trading schemes in the EEA countries and New...
Trade in Services and TFP: The Role of Regulation
What determines services TFP: Is it services trade or services‐trade regulation? To respond to this question I use four indicators of...
Is the Renminbi Undervalued? The Myths of China’s Trade Surplus and Global Imbalances
Alarmed by the persistent and large US trade deficit vis-à-vis China and the rapidly swelling Chinese foreign exchange reserves, influential US...
Chinese Trade Policy After (Almost) Ten Years in the WTO: A Post-Crisis Stocktake
China’s trade policy has shifted in the near-decade since it joined the WTO, argues Razeen Sally in a new study. It behaves more like a very...
Sub-Saharan African Cotton Policies in Retrospect
Calls for liberalizing cash crop sectors in sub-saharan Africa have been voiced for decades. Yet, the impact of reforms remains elusive in...