This article shows that global financial markets cannot, by themselves, achieve net transfers of financial capital and real interest rate equalisation across countries and that the integration of both global financial markets and global goods markets is needed to achieve net transfers of capital...

Das dezentrale Bankensystem in Deutschland ist von Bedeutung für eine ausgeglichene Regionalentwicklung und Krisenresilienz. Dass die Niedrigzinspolitik der EZB, zunehmende Regulierungsanforderungen, die Digitalisierung und Wettbewerbsverschärfung zu einer Herausforderung für Sparkassen und...

Capital flow and commodity cycles have long been connected with economic crises. Sparse historical data, however, has made it difficult to connect their timing. We date turning points in global capital flows and commodity prices across two centuries and provide estimates from alternative data...

This paper shows that global capital markets cannot, by themselves, achieve net transfers of financial capital between countries and that both the integration of global financial markets as well as the integration of global goods markets are needed to achieve net transfers of capital between...

The existing literature on the role of international capital fl ows for housing markets can be classifi ed into approaches which focus on the macro relationship between the current account and housing prices on the one hand and studies which specify more specific transmission channels on the...

Diese Dissertation besteht aus fünf Kapiteln, die alle von den spannenden und intensiven Diskussionen inspiriert sind, welche die politische und ökonomische Agenda der letzten Jahre so eindrücklich geprägt haben. Sie umspannt das Themengebiet europäische Bankenregulierung und deren Effekte...

This paper shows that global capital markets cannot, by themselves, achieve net transfers of financial capital between countries and that both the integration of global financial markets as well as the integration of global goods markets are needed to achieve net transfers of capital between...

This article shows that global financial markets cannot, by themselves, achieve net transfers of financial capital and real interest rate equalisation across countries and that the integration of both global financial markets and global goods markets is needed to achieve net transfers of capital...

This paper presents VAR results on the recent economic history of the USand focuses on the dependence of US macro financial variables on international capital flows. Both gross and net flows are included in the analysis. The results indicate that cross-border funding has affected the build-up in...