Information and Capital Flows Revisited : The Internet as a Determinant of Transactions in Financial Assets

This paper investigates the determinants of international transactions in financial assets empirically. We extend the gravity model in Portes et al. (2000) by introducing an internet variable. Using cross-country panel data on the portfolio flows between the US and other countries from 1990 to 2008, we found that the Internet turns out to mitigate the information asymmetries and thus increases cross-border portfolio flows between countries

MoreLess

Year of publication:	2014
Authors:	Choi, Changkyu
Other Persons:	Rhee, Dong-Eun (contributor) ; Oh, Yonghyup (contributor)
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Internet \| Transaktionskosten \| Transaction costs \| Finanzmarkt \| Financial market \| Theorie \| Theory \| Kapitalmobilität \| Capital mobility

freely available

Full text |

More access options

doi.org

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (43 p)
Series:	KIEP Research Paper ; No. Working Papers-10-10
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 30, 2010 erstellt
Other identifiers:	10.2139/ssrn.2489832 [DOI]
Classification:	C23 - Models with Panel Data ; F21 - International Investment; Long-Term Capital Movements ; O33 - Technological Change: Choices and Consequences; Diffusion Processes
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013048168