investment rates observed in OECD countries. We find that once controlling for general equilibrium effects the saving …This paper shows that general equilibrium effects can partly rationalize the high correlation between saving and …

domestic investment. In this partial adjustment setup, capital flows can have contemporaneous and long-term effects on … investment. For countries with less developed financial markets and weaker institutions, our estimates for the FDI coefficient … are larger than one, suggesting FDI stimulates investment in other sectors of the economy (spillover effects). Over the …

viewpoint of international financing as well as from the one of international investment activities. Time series of these new … are available, the euro immediately became the second most widely used currency for international financing and investment …

behind investment decisions in equities, but the dominance of what is akin to a return chasing motive for bonds, conditional …