allocation of resources across developed countries at the business cycle frequency. Here we discuss how evidence on international … quantity comovement, exchange rates, asset prices, and international portfolio holdings can be used to assess efficiency …

This paper explores the link between mobility and the presence of international research networks. Data come from the … evidence suggests that migration plays an important role in the formation of international networks. Approximately 40 percent … that internationally mobile researchers contribute significantly to extending the international scope and quality of the …

The banking systems of some countries export intermediation services to the rest of the world, while many other … intermediation to examine the role of national monetary policy in determining the international competitiveness of a national banking … generate a demand for reserve money (reserve requirements). The international competitiveness of a banking system is enhanced …

specialization of countries within GVCs in a world with barriers to international trade. With costly trade, the optimal location of …

In this article, we formulate a time-scale decomposition of an international version of the CAPM that accounts for both … upon the choice of the world market portfolio. In particular, the stock markets of the sampled countries appear to be more …