This paper analyzes the pros and cons of both the integrated and the specialized approaches to financial supervision. The theoretical arguments are discussed considering some recent experiences around the world and having the Latin American and the Caribbean context as a frame. Based on the analysis of the efficacy and the efficiency of each approach to fulfill the main objectives of financial ...

Do Labour Market Institutions Matter? Micro-Level Wage Effects of International Outsourcing in Three European Countries This paper studies the impact of outsourcing on individual wages in three European countries with markedly different labour market institutions: Germany, the UK and Denmark. To do so we use individual level data sets for the three countries and construct comparable measures of...

Migration, Transfers and Child Labor We examine agricultural child labor in the context of emigration, transfers, and the ability to hire outside labor. We start by developing a theoretical background based on Basu and Van, (1998), Basu, (1999) and Epstein and Kahana (2008) and show how hiring labor from outside the household and transfers to the household might induce a reduction in children’s...

This paper analyzes the effect of skill heterogeneity on regional patterns of production and housing in the presence of pecuniary externalities within a general-equilibrium framework, assuming monopolistic competition in intermediate goods markets. It shows that the interplay of heterogeneous skills and comparatively homogeneous land demand triggers skill segmentation and agglomeration. The cor...

Growth, History, or Institutions? What Explains State Fragility in Sub-Saharan Africa We explore the determinants of state fragility in sub-Saharan Africa. Controlling for a wide range of economic, demographic, geographic and istitutional regressors, we find that institutions, and in particular the civil liberties index and the number of revolutions, are the main determinants of fragility, even...

English Deficiency and the Native-Immigrant Wage Gap We focus on the effect of English deficiency on the native-immigrant wage gap for male employees in the UK using the first wave of the UK Household Longitudinal Survey. We show that the wage gap is robust to controls for age, region of residence, educational attainment and ethnicity. However, English as Additional Language (EAL) is capable of...

There are large deviations in access to telecommunications infrastructure and trading patterns within the East Asian region. We examine how the network externalities of communication activities and trading opportunities interact to determine the structure of comparative advantage. These interactions are examined by constructing a simple two-country, two-good model of trade involving a country-s...

War and Stature: Growing Up During the Nigerian Civil War The Nigerian civil war of 1967-70 was precipitated by secession of the Igbo-dominated southeastern region to create the state of Biafra. It was the first civil war in Africa, the predecessor of many. We investigate the legacies of this war four decades later. Using variation across ethnicity and cohort, we identify significant long run i...

Aim/purpose – The purpose of this paper is to analyze regional trade integration 10 Central and Eastern Europe countries (CEE-10) during the 2004-2018 period, identify regional- country-level patterns attribute them potential causes indicated by literature. Design/methodology/approach employed literature-based indicators data on CEE-10 in goods conducted a review empirical studies investigating...

English Deficiency and the Native-Immigrant Wage Gap We focus on the effect of English deficiency on the native-immigrant wage gap for male employees in the UK using the first wave of the UK Household Longitudinal Survey. We show that the wage gap is robust to controls for age, region of residence, educational attainment and ethnicity. However, English as Additional Language (EAL) is capable of...