The paper reviews exchange rate options for Mercosur countries. We start from the observation that most of the countries in the region have a longstanding tendency to adopt fixed exchange rates, and ask how such a system could best be designed. The Argentine crisis has demonstrated that...

The paper evaluates the political and economic incentives to conclude the EU-Mexico Free Trade Agreement (FTA). It discusses EU and Mexican trade policy as well as the multilateral context for FTAs. In addition, using a disaggregated approach at the threedigit Standard International Trade...

Auf beiden Seiten des Atlantiks entstehen bzw. erweitern sich Handelsblöcke, die jeweils auf ein wirtschaftliches Zentrum ausgerichtet sind: die EU auf der östlichen und die USA auf der westlichen Seite. Handelspolitisch stehen die Blöcke unter dem Dach der Welthandelsorganisation WTO; dies...

The paper uses a comprehensive data set with bilateral direct investment flows and establishes the influence of the de-facto exchange rate regime for FDI flows. We find a strong and significant effect from fixed rates on bilateral FDI flows in developed economies, but no significant effect for...

The paper explores the linkages between political risk, institutions and foreign direct investment inflows. Using different econometric techniques for a data sample of 83 developing countries and the period 1984 to 2003, we identify those indicators that matter most for the activities of...

The paper uses a comprehensive data set with bilateral direct investment flows and establishes the influence of the de-facto exchange rate regime for FDI flows. We find a strong and significant effect from fixed rates on bilateral FDI flows in developed economies, but no significant effect for...

The paper uses a comprehensive data set with bilateral direct investment flows and establishes the influence of the de-facto exchange rate regime for FDI flows. We find a strong and significant effect from fixed rates on bilateral FDI flows in developed economies, but no significant effect for...

Im September tagt die WTO-Ministerkonferenz in Cancún, viele Probleme der internationalen Handelsordnung sind allerdings noch ungelöst. Wie sieht es mit der weiteren Liberalisierung aus? Wie hat sich der Gebrauch von Schutzinstrumenten entwickelt? Gibt es Anzeichen für eine Regionalisierung...