The introduction of the euro marks a milestone in the process of European financial market integration. This paper analyzes the implications of the euro for cross-border banking activities. A portfolio model is used which captures the role of banks as providers of informational and of...

A comparative analysis of Chinese bubble with Japanese bubble -- Bubble phenomena and path dependence in China -- State capitalism and bubble phenomena in China -- A political economy of systemic transition and bubble phenomena -- A political economy of Chinese outward foreign direct investment...