This paper reviews the literature on the benefits and risks of global banking, with a focus on emerging Europe. It argues that while the potential destabilising impact of global banks was well understood before the 2008-09 financial crisis, the sheer magnitude of this impact in the case of...

The JASPERS Networking Platform was established in early 2013 to complement JASPERS project advisory operations by implementing knowledge sharing and targeted capacity building activities, as well as fostering dissemination of good practices and exchange of experiences among all EU member states...

In this paper we explore the extent to which firms engaged in international trade and FDI activities share profits. We allow for differences not only between domestic and foreign owned firms, but also between firms with outward FDI, importers and exporters. We argue that firms engaged in...

The paper provides an empirical analysis of the importance of infrastructure for bilateral trade flows using an augmented gravity model of trade. The estimates suggest that potential gains from improvements in infrastructure are large and far exceed the effects of lowering tariff barriers....

This study hypothesises that the level of foreign equity participation is a key determinant of the multinational wage premium. In particular, the breakdown of equity in a foreign investment project determines the extent to which a multinational parent company transfers proprietary assets to its...

This paper studies selection and labour market outcomes among Ukrainian migrants using unique data from a survey conducted in Ukraine between August and October 2011. We found that migrants are positively selected in terms of age and education yetthis is not associated, as might be expected,...