Papaioannou, Elias (contributor) - 2005
capital -bank in particular- flows. The following key findings emerge: 1) The empirical "gravity" model is the benchmark in … explaining the volume of international banking activities. 2) Conditioned on standard gravity factors (distance, GDP, population … substantially more in countries with i) uncorrupt bureaucracies, ii) high-quality legal system, and iii) a non-government controlled …