The current financial and economic crisis has again raised fears in emerging market economies of capital flight or a sudden stop of capital inflows. Especially the latter is intensively discussed in South Africa. We try to evaluate the danger by focusing on the sustainability of current account...

Savings are an import prerequisite of investment and long term growth in a country and the ability of a country to enter a 'beneficial debt cycle'. The paper analyzes how savings respond to the institutional quality in developing and transition economies. For a panel of about 60 countries over a...

Die Finanzkrise übt einen heftigen Einfluss auf den weltweiten Handel aus. Entwicklungs-, Schwellen- und Industrieländer sind verschieden stark von ihren Folgen betroffen. Die Aussichten für Weltwirtschaft und Welthandel sind noch immer ungewiss. Es besteht zudem die Gefahr eines neuen...

Abstract Peter Egger’s paper provides a synthesis of findings with regard to the impact of bilateral as well as multilateral means of protection of cross-border direct investments in less developed countries and, in turn, on their economic growth. In particular, he focuses on the role of...

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