Forster, Katrin; Vasardani, Melina A.; Ca' Zorzi, Michele - European Central Bank - 2011
This paper analyses the impact of the global financial crisis on euro area cross-border financial flows by comparing … significant changes in the composition of euro area cross-border portfolio flows, as investors shifted from equity to debt … crossborder financial activity may have a major bearing on growth prospects for the euro area and may also matter from a financial …