In some countries, a sizable fraction of savings is derived from corporate savings. Although larger, traded corporations are often co-owned by foreign portfolio investors, current international accounting standards allocate all corporate savings to the host country. This paper suggests a...

In some countries, a sizable fraction of savings is derived from corporate savings. Although larger, traded corporations are often co-owned by foreign portfolio investors, current international accounting standards allocate all corporate savings to the host country. This paper suggests a...

Im Rahmen der Diskussion, wie die wirtschaftlichen Schwierigkeiten Europas, insbesondere der Eurozone, zu bewältigen sind, wurde die Forderung nach einem Abbau von Leistungsbilanzüberschüssen laut. Nach Ansicht von Rolf J. Langhammer, Institut für Weltwirtschaft, Kiel, spricht vieles dafür,...

This article examines the association between trade and financial linkages among 18 European countries. We find that, with the introduction of the euro, trade imbalances among euro area members widened considerably, even after allowing for permanent asymmetries in trade competitiveness within...

This paper examines the association between trade and financial linkages among European countries. We find that, with the introduction of the euro, trade imbalances among euro area members widened considerably, even after allowing for permanent asymmetries in trade competitiveness within pairs...