Understanding gross capital flows is increasingly viewed as crucial for both macroeconomic and financial stability policies, but theory is lagging behind many key policy debates. We fill this gap by developing a two-country DSGE model that tracks domestic and cross-border gross positions between...

Do information frictions have a causal impact on the international flow of financial capital? Using the international rollout of telegraph cables in the 19th century, I show causal evidence that reductions in information frictions had a significant and positive impact on the bilateral...

Internationalisation plays a key role in the strategy of many firms, with one of the key benefits being improved performance. Since the early 1990s, internationalisation has played a central role within the mobile telecommunications industry, giving rise to multinational enterprises operating in...

The paper attempts to identify factors that influence modal split for journeys to work in cities with populations of between 100 thousand and 500 thousand in Germany, the Netherlands, Switzerland and the UK. The sample consisted of 34 cities. The analysis revealed a significant negative...

Since some years Richard Florida's ideas on the creative class have attracted a great deal of theoretical and empirical attention. One part of his theory says that the "creative class" - people with highly creative and innovative abilities - are the driving force of regional economic...

In 2010 the World Health Organisation dedicated the Word Health Day to urbanization and health, highlighting the impacts of urban living on physical and mental health. This is because it is increasingly acknowledged that cities face various problems that undermine the quality of urban life,...

Advances in information and communication technologies bring along changes in working and employment conditions. Automationed work is moved to distant areas and businesses get elaborate, far from the center and network-based. Another change similar to the disintegration of production process is...