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

Globalization has affected the integration of markets through many different channels, including movements of factors and trade in...

Surges and reversals of short-term foreign liabilities are often held responsible for instabilities in international financial...

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

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

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...

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

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

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