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December 3, 2001

Competition and stability in banking

Fiercer competition among banks raises welfare without unwarranted risks for stability.

August 22, 2001

Exposure of the business services industry to international competition

Exposure of business services industry to foreign competition to lead to direct investment rather than imports or licensing agreements.

June 26, 2001

Future policy in telecommunications: an analytical framework

What policy trade-offs ensue from exogenous developments in telecom?

May 2, 2001

Capital income taxation in Europe; trends and trade-offs

The EU capital market integrates. Portfolios become more international, cross border mergers are the order of the day, and never before has there been so much foreign direct investment.