In den ersten beiden Jahrzehnten nach dem Fall des Eisernen Vorhangs Anfang der 1990er Jahre spielte der Internationale Währungsfonds (IWF) für die operative Wirtschaftspolitik, aber auch für die Gestaltung von Institutionen in Schwellen- und Entwicklungsländern eine wichtige Rolle. Dies lag...

In den ersten beiden Jahrzehnten nach dem Fall des Eisernen Vorhangs Anfang der 1990er Jahre spielte der Internationale Währungsfonds (IWF) für die operative Wirtschaftspolitik, aber auch für die Gestaltung von Institutionen in Schwellen- und Entwicklungsländern eine wichtige Rolle. Dies lag...

In some countries, a sizable fraction of savings is derived from corporate savings. Although larger, traded corporations are often co-owned by foreign portfolio investors, current international accounting standards allocate all corporate savings to the host country. This paper suggests a...

In some countries, a sizable fraction of savings is derived from corporate savings. Although larger, traded corporations are often co-owned by foreign portfolio investors, current international accounting standards allocate all corporate savings to the host country. This paper suggests a...

In some countries, a sizable fraction of savings is derived from corporate savings. Although larger, traded corporations are often co-owned by foreign portfolio investors, current international accounting standards allocate all corporate savings to the host country. This paper suggests a...

In this paper, we present empirical evidence that higher income inequality is associated with a greater equity share in countries’ external liabilities, and we develop a theoretical model that can explain this observation: In a small open economy with traded and non-traded goods, entry...