The aim of the article is to analyze implications franchise agreement in international trade. One contracts that usually registered after appearance and registration property rights, especially development trademark agreement. A a contract entered into between franchisor franchisee as owner intellectual rights. In other words, often uses rights owned by franchisor, which have limited duration. ...

This paper seeks to establish empirically that institutions matter to financial markets. To this end, I look at the impact of five different regional trade agreements (RTAs) on a composite of four different financial instruments that account for default risk on sovereign debt in developing countries. As expected, some of the agreements have a stronger impact on default risk than others. Althoug...