Hattari, Rabin; S. Rajan, Ramkishen - In: Journal of Economic Integration 26 (2011), pp. 499-525
etc) appear to positively impact bilateral flows in most cases, distance -- broadly proxying some sort of transactions and … / or information frictions -- stands out as consistently hindering all types of capital flows. But does greater distance … distance change the composition of capital flows? This is the specific question that this paper focuses on, differentiating …