Financial sector foreign direct investment in emerging market economies has surged over the past decade. While the benefits of heightened financial sector efficiency and better risk management are widely acknowledged, foreign ownership poses challenges for host countries due to the migration of...

The mushrooming of Special Economic Zones (SEZs) in recent years has led to a significant increase in the supply of attractive incentives for investors looking for opportunities abroad. SEZs are self-contained regimes, inextricably associated with investment promotion policies and domestic...

This paper evaluates the influence of host-country financial conditions on the global operations of multinational firms. Using detailed U.S. data, we establish that financial development in a country is associated with relatively more entry by multinational affiliates, as well as with higher...

The paper analyzes the various structural solutions proposed by regulators in the US, UK and the European Union presented as the key to solving the problem of “too big to fail” (TBTF) banks. These come in three main varieties, one in the United States (the Volcker Rule), one in the United...

As the 2008 financial crisis spread globally, it became widely apparent that an essential ingredient to preventing future systemic crises was reform of the regulation of financial markets. Two ambitious initiatives for regulatory reform are the European Union's European System of Financial...

We survey recent research on emerging markets (EM) within the fields of economics, finance, international business and management. To do this, we reconfiguring the Journal of Economic Literature (JEL) classification system to provide a comprehensive list of the topics that have been studied, and...

Despite the widespread use of the concept there is neither a consistent theoretical construction nor a clear definition of globalisation. Although the debate between pro and anti globalisation scholars and activists is interesting, it largely fails to address globalisation as a fundamental...

This paper analyzes the logic of expansion of multinational corporations and their determinants in order to understand the dynamics and the main features of global flows of foreign direct investment (FDI) from the eighties. This is an analytical review of historical and theoretical approach that...

As, in Europe, many institutional reforms have been undertaken to establish an economic union, it can be expected that the relevance of borders has decreased over time. For the EU 15, we investigate the expected integration process of the market for corporate control – an illustrative market...