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India has been continually attracting massive foreign investments since the opening up of its economy with a series of liberalization policies in the early 1990s. This inward FDI plays an important role in the Indian economy as a financier of her BOP. However in recent years, India has been fast...
Persistent link: https://www.econbiz.de/10008855818
This paper reviews the rapidly growing empirical literature on the drivers of capital flows to emerging markets. The empirical evidence is structured based on the recognition that the drivers of capital flows vary over time and across different types of capital flows. The drivers are classified...
Persistent link: https://www.econbiz.de/10011266125
Our objective in this paper is threefold. First, to identify the major common shocks that hit these countries upon entry into the EMU. Second, taking Greece as our case study, to construct a simple macroeconomic model of the policies Greek governments pursued in the presence of these shocks, and...
Persistent link: https://www.econbiz.de/10011110997
This paper analyzes how the European Union has responded to Inward Foreign Direct Investment from Emerging Markets, particularly in the so-called Strategic Industries. Attention is focused on two sectors which have long been considered strategic assets by most countries around the world for...
Persistent link: https://www.econbiz.de/10009283795
This paper studies the pattern and structure of cross-border bilateral financial asset holdings. By utilizing an extended dataset and employing a variant of gravity models, we find strong evidence for the presence of complementarities among bank loans, shortand long-term debts, and portfolio...
Persistent link: https://www.econbiz.de/10005623488
The aim of this article is to develop new international financial integration indicators together with their determinants: financial openness and regularity (balance) of the bilateral financial flows. The study's contribution is based on the definition of the Standard of Perfect Financial...
Persistent link: https://www.econbiz.de/10005027123
Over the last two decades, the degree of international financial integration has increased substantially, becoming an important area of research for many financial economists. This paper explores the determinants of the asymmetries in the international integration of banking systems. We consider...
Persistent link: https://www.econbiz.de/10008472244
The Eurocrisis challenges our definition of a common future in Europe. As first step, this article describes a vision … of a future Europe without the Euro as state of political and economic marginalisation. I am contrasting this vision by …, unsere gemeinsame Zukunft in Europa neu zu verorten. Zuerst beschreibt dieser Artikel eine Zukunftsvision eines Europas ohne …
Persistent link: https://www.econbiz.de/10011259362
integration in the EU, but on its basis it is possible to create models of regional cohesion in Europe. …
Persistent link: https://www.econbiz.de/10009367975
We use new panel data on the intra-group ownership structure and the balance sheets of 45 of the largest multinational bank holdings to analyze what determines the credit growth of their subsidiaries. We find evidence for the existence of internal capital markets through which multinational...
Persistent link: https://www.econbiz.de/10005619341