Many WTO countries continue to deepen and widen regional economic Integration - despite already low rates of most-favored-nation tariffs in most cases. This paper discusses the possible welfare-increasing effects of trade liberalization between the European Union (EU) and the North American Free...

Viele WTO-Mitglieder vertiefen und erweitern regionale Integrationsgemeinschaften - trotz bereits allgemein niedriger Meistbegünstigungszollsätze. Dieser Beitrag gibt einen Überblick über die möglichen wohlfahrtssteigernden Effekte einer Handelsliberalisierung zwischen der Europäischen...

This paper examines the FDI flows towards two regions in the periphery of Europe: the Central and Eastern European countries (CEECs) and the countries of Southern Europe. We investigate whether evidence exists for FDI diversion from Southern Europe to the CEECs. A cursory observation of recent...

The economic integration between Eastern and Western Europe has increased considerably in the last years. Given this market-induced development, why should it be necessary to advance institutional integration? This paper argues that Central and Eastern European countries (CEECs) can enhance...

Trade between Eastern and Western Europe has increased considerably in the last years. Given this market-induced development, why should it be necessary to advance institutional integration? This paper argues that Central and Eastern European countries (CEECs) can potentially enhance the...

This paper examines the FDI flows towards two regions in the periphery of Europe: the Central and Eastern European countries (CEECs) and the countries of Southern Europe. We investigate whether evidence exists for FDI diversion from Southern Europe to the CEECs. A cursory observation of recent...

Derivates on a property index offer a great opportunity to diversify a real estate portfolio quickly and cost effectively. Property investors can use derivatives to expand or reduce the allocation in certain markets and sectors. Property index derivatives allow investors to change synthetically...

Derivatives on real estate indices have the potential to increase effectively the liquidity of real estate as an asset class. A well-functioning market for real estate derivatives will help diversify investment markets since real estate derivates allow investors to change synthetically and...

There is a great instrument to diversify a real estate portfolio quickly and cost effectively: Derivatives on real estate indices! Furthermore, derivatives have a very important hedging function. The global financial crisis has underlined the importance of better risk management. Consequently,...