The literature on the benefits and costs of financial globalization for developing countries has exploded in recent years, but along many disparate channels and with a variety of apparently conflicting results. For instance, there is still little robust evidence of the growth benefits of broad...

This paper suggests a strategy designed to make best use of the available quantitative techniques of financial sector assessment. It incorporates early warning systems, financial sector forecasts, stress tests for systemically important financial institutions, interbank contagion analysis, and...

Klappentext: Zur Globalisierung der Wirtschaft gehören auch die verstärkten Wechselwirkungen von Internationalen Finanzmärkten und Unternehmensfinanzierung. Hierzu das moderne Lehr- und Handbuch, das sich nicht nur an Wirtschaftsstudenten wendet.

The aim of this paper is to evaluate the significance of the valuation effect in determining the dynamics of the net international investment position of CEE economies. For this purpose an analysis of BoP and IIP time series for the four largest CEE economies (Poland, the Czech Republic, Hungary...