Does distance matter for the volatility of international real and financial transactions? We show that it does, in addition to its well-established relevance for the level of trade. A simple model of trade with endogenous markups shows that demand shocks have a larger impact on trade between mor...
The aims of Task 4 were: 1. To assess the level of clarity and transparency of information on online peer-to-peer (P2P) platforms; 2. To evaluate the effectiveness of self-regulatory mechanisms that platforms implement for trust building, verification of information, complaint handling, redress ...
Virtual currencies are a contemporary form of private money. Thanks to their technological properties, their global transaction networks are relatively safe, transparent, and fast. This gives them good prospects for further development. However, they remain unlikely to challenge the dominant pos...
