“...While language plays an important role in gravity models, there has been little attention to the channels through which a common language promotes bilateral...”

“...The paper takes issue with the mainstream economic analysis of the enormous flow of silver into China in 1550–1820. First, I challenge the view that arbitrage...”

“...The paper is devoted to an econometric analysis of learning foreign languages in all parts of the world. Our sample covers 193 countries and 13 important...”

“...How much further can we expect the spread of English to go? What are the gains? What are the costs? The paper first tries to identify the areas of life where...”

“...The macroeconomic literature on automatic stabilization tends to focus on taxes and dismiss the relevance of government expenditure except for unemployment...”

“...By taking a new approach to the study of the impact of EMU on consumption smoothing, centering on consumption volatility and therefore on smoothing more...”

“...In this paper we test the well-known hypothesis of Obstfeld and Rogoff (NBER Macroeconomics Annual 7777:339–390, 2000) that trade costs are the key to...”

“...Financial services with global reach are a highly information-intensive business. In it, the ability to deliver reliable price formation, global liquidity, and...”