Hobza, Alexandr; Zeugner, Stefan - In: Journal of International Money and Finance 48 (2014) PB, pp. 291-313
We construct a new database of bilateral financial flows among euro area countries and their major world partners and …. The data show that the geography of financial flows can differ quite markedly from trade flow patterns and suggest that … account deficits before the financial crisis, both directly and through intermediating financial flows from outside of the …