JRC.B1 contribution to the SWD on the movement of capital and the freedom of payments

In the context of the institutional support to DG FISMA, JRC.B1 contributed to the Commission Staff Working Document on the Movement of Capital and the Freedom of Payments. JRC.B1 contribution included: (i) the analysis of home bias (tendency to invest in domestic financial assets); (ii) the analysis of diversification of cross-border investments and (iii) the estimation of the country specific degree of risk sharing for EU28 (risk sharing is the possibility to use cross-border capital markets to smooth domestic shock). JRC.B1 contribution appears in sections 2.5 and 2.6, and in Appendix III and IV.