the abolition of capital controls seem to have exerted a greater influence on foreign assets than on FDI of German banks …

section estimates show that short- and long-term assets are highly correlated with foreign trade links but not necessarily … with variables capturing regulatory restrictions. Trade activities are more important in explaining claims on banks versus …

the period 1989- 2002. We find that German outward FDI increases in response to positive cyclical developments abroad and …