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One key focus of the on-going debate on the integration of international financial markets have been measures to lengthen the maturity of foreign debt. Short-term debt is typically considered to be volatile and thus a potential trigger of currency crises. In contrast to the vivid policy debate...
Persistent link: https://www.econbiz.de/10010260432
One key focus of the on-going debate on the integration of international financial markets have been measures to lengthen the maturity of foreign debt. Short-term debt is typically considered to be volatile and thus a potential trigger of currency crises. In contrast to the vivid policy debate...
Persistent link: https://www.econbiz.de/10011472278
Persistent link: https://www.econbiz.de/10001950039
Persistent link: https://www.econbiz.de/10013261094
The globalization of international financial markets has renewed interest in the measurement of capital mobility. Consumption-based tests such as the Euler equation test are commonly used. These tests, however, are derived under restrictive assumptions on consumer behavior. In this paper, we ask...
Persistent link: https://www.econbiz.de/10011475881
and the volatility of the main capital flows ? foreign direct investment (FDI), portfolio investment, and foreign bank …
Persistent link: https://www.econbiz.de/10001712136
,300 mergers that took place between 1978 and 2001 to analyse the determinants of international bank mergers. We test the extent to … regulated environments are less likely to be the targets of international bank mergers. Hence, the lifting of regulations can … spur growth in cross-border bank mergers. Also, mergers tend to be less frequent if information costs are high. …
Persistent link: https://www.econbiz.de/10010260608
Europe, bank finance plays a relatively important role, and efforts have been made at creating a level playing field for …
Persistent link: https://www.econbiz.de/10010260615
Surges and reversals of short-term foreign liabilities are often held responsible for instabilities in international financial markets. Yet, empirical evidence on the factors determining the maturity of capital flows is scant. This paper analyzes the determinants of foreign assets of German...
Persistent link: https://www.econbiz.de/10010260632
The presence of other firms in a foreign market can have a double-edged effect on the profitability of new entrants. Firstly, a larger presence of other firms implies more competition and thus lowers the earnings prospects of new entrants. Secondly, there might be positive spill-over effects...
Persistent link: https://www.econbiz.de/10010295633