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The non-bank financial sector in the euro area has more than doubled in size over the last decade reflecting the … substantial growth in shadow banking activities. However, a large proportion of the non-bank financial sector remains unmapped as … firm-level data, this paper examines the location decisions of newly incorporated foreign affiliates in the non-bank …
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While international capital flows are rising, the role of banks in the economy is changing and stock markets in OECD and eastern European countries play an increasing role for financing investment and innovation. Economic catching up of eastern Europe, European Monetary Union and problems of...
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