empirically. More specifically, we use state-level German data to answer the question whether and how migration and FDI decisions … and thus integration of labor and capital markets are linked. Our findings suggest that FDI and migration have similar … and trade in goods. From a theoretical point of view, the interaction between the different channels of integration can …

investment (FDI) cannot be gauged using firm-level data. Aggregated data, in turn, miss channels through which domestic and … investment. We theoretically show that the effects of FDI on the domestic capital stock depend on the structure of industries and … inter-sector linkage effects. We test the model using data on German FDI. Using panel cointegration methods, we find …

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

Economic theory provides two main explanations why changes in exchange rates can affect foreign direct investment (FDI …). According to a first explanation, FDI reacts to exchange rate changes if there are information frictions on capital markets and … explanation, FDI reacts to exchange rate changes if output and factor markets are segmented, and if firm-specific assets are …

Does more FDI make the world a riskier place for workers? We analyze whether an increase in multinational firms …

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

, multinational activity in Eastern Europe is mostly unilaterally whereas, for industrialized countries, bilateral FDI linkages …

Banks play a critical role in facilitating international trade by guaranteeing international payments and thereby … reducing the risk of trade transactions. This paper uses banking data from the United States to document new empirical patterns … regarding the use of letters of credit and similar bank guarantees. The analysis shows that the volume of banks’ trade finance …

Banks play a critical role in facilitating international trade by guaranteeing international payments and thereby … reducing the risk of trade transactions. This paper employs banking data from the U.S. to document new empirical patterns … regarding the use of letters of credit and similar bank guarantees. The analysis reveals that trade finance is a large and …

This study provides evidence that shocks to the supply of trade finance have a causal effect on U.S. exports. The … a U.S. bank's share of the trade finance market in a country is, the larger should be the effect on exports to that … effects on export growth. A shock of one standard deviation to a country's supply of trade finance decreases exports, on …