KBW 26: The COVID-19 virus has spread to 215 countries, virtually covering all areas of the world, and has plunged the world in a health emergency.

This paper examines the role of global value chains by German manufacturing. Global value chains have clearly expanded in recent years. Still the bulk of outsourcing concerns materials outsourcing but services outsourcing is growing and catching up...

The authors develop a system of private unemployment insurance that gives workers and employers equal incentives to reduce unemployment.