The globalization of international financial markets has renewed interest in the measurement of capital mobility. Consumption-based...

Stylized facts suggest that output volatility in OECD countries has declined in recent years. However, the causes and the nature of...

This paper discusses whether the integration of international financial markets affects business cycle fluctuations. In the framework...

This paper examines the FDI flows towards two regions in the periphery of Europe: the Central and Eastern European countries (CEECs)...

During the last two decades, the degree of openness of national financial systems has increased substantially. At the same time,...

Globalization seems to have diminished the importance of geographical distance. However, empirical studies find that distance...

Russia's foreign debt problems worsened substantially after the financial crisis of 1998. The paper focuses on the key role of the...

Changes in foreign asset holdings are one channel through which agents adjust to macroeconomic shocks. In this paper, we test whether...

Information costs and regulatory barriers are the main distinguishing features of international financial markets as compared to...

Financial markets in Euroland differ from those of a national monetary union in two regards. First, capital markets in general and...

The German banking market is notorious for its low degree of market penetration by foreign financial institutions, suggesting that...

If the technological revolution which has taken place over the past decades has lowered information costs and if information costs...

One key focus of the on-going debate on the integration of international financial markets have been measures to lengthen the maturity...

Although domestic mergers and acquisitions (M&As) in the financial services industry have increased steadily over the past two...

International activities of commercial banks are a potential source for the transmission of shocks across countries. In Europe, bank...