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(namely, from Cyprus and British Virgin Islands) across Russia and compare them with the benchmark group of genuine foreign … investors in Russia. We further study the determinants of the fraction of round-trip investment in total foreign investment in … large fraction of round-trip investment in Russia is concentrated in real estate and financial sectors, our results point to …
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The paper argues that global financial factors played an important role in the capital-inflow episode in Emerging Market economies (EMs), during the early part of the 1990s, and clearly in the Sudden Stop (of capital inflows) crises that took place after the 1998 Russian crisis. Moreover, the...
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Die Notenbanken haben weltweit mit einer Ausweitung ihrer Bilanzen auf das Scheitern der Kreditwirtschaft in der Finanz- und Schuldenkrise reagiert. Allerdings bleibt offen, wie sie in ein tragbares Regime der traditionellen Geld- und Kreditabsicherungsbeziehungen zurückgelangen können. Das...
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