While the direct impact of geographic endowments on prosperity is present in all countries, in former colonies, geography has also affected colonization policies and, therefore, institutional outcomes. Using non-colonized countries as a control group, I re-examine the theories put forward by La...

type="main" xml:id="ecop12024-abs-0001" <title type="main">Summary</title> <p>What are the drivers of the large TARGET2 (T2) balances that have emerged in the eurozone since the start of the financial crisis in 2007? This paper examines the extent to which changes in national T2 balances can be statistically associated with...</p>

Some observers argue that increased real integration has led to greater co-movement of prices internationally. We examine the evidence for cross-border price spillovers among economies participating in the pan-Asian cross-border production networks. Starting with country-level data, we find that...

Have exogenous changes in import competition from low-wage countries (LWCs) brought about changes in inflationary pressure in Europe? This paper examines whether labor-intensive exports from Asia and other global regions have a uniform impact on producer prices in Germany, France, Italy, Sweden,...