Kaya, Ahmet Ihsan; Haan, Jakob de - In: Journal of applied economics 25 (2022) 1, pp. 1025-1049
We investigate the impact of European Union (EU) integration on capital flows to prospective new EU member states. Using annual data between 1992 and 2020, our results suggest that although EU integration increased net capital flows before the Global Financial Crisis (GFC), it was not able to...