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Globalization has been identified by many experts as a new way firms organize their activities and as the emergence of human capital as the new stakeholder of the firm. This paper surveys recent work which examines the role of trade integration for these changes in corporate organization. More...
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The paper takes a first look at the host and home country effects of German FDI in Eastern Europe (EE) based on new survey data of 1050 investment projects in EE by 420 German multinationals during the 1990s. We find that German investors transfer a substantial amount of financial capital to EE....
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europäische Geldpolitik in der näheren Zukunft ergeben. …
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alleviate excess liquidity, and the factors that promote or retard the rate of growth of banks’ assets. Loan default rates in … the region are high, and variations in the rate impact on liquidity and asset growth. However, the size of this effect is … very sensitive to bank age. Some types of improvement in the quality of governance reduce excess liquidity and promote …
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