The fate of British finance following the Brexit referendum revolves around the "resilience or relocation" debate: will the City of London continue to thrive as the world’s leading financial centre or will the bulk of its activity move to rival hubs after departure from EU trading...

We construct an index of financial development for 23 Asian economies based on subindices of access, depth, and efficiency of financial institutions and markets and find evidence that economies with weaker financial systems are catching up to the Asian benchmark economies, namely Hong Kong,...

This paper discusses the role of state intervention for prevention, containment, and resolution of financial crises based mainly on the Korean experience during the 1997 Asian financial crisis. Crises in emerging market and developing economies tend to be more complicated than those faced by...

Eine Bestandsaufnahme der gegenseitigen Abhängigkeiten im Außenhandel zwischen der EU und Deutschland auf der einen Seite und China und Russland auf der anderen ist nötig, um in der Zeitenwende politische Ableitungen auf gesicherter empirischer Grundlage vornehmen zu können. Die ermittelten...

Employing the Pedroni co-integration technique and the GMM estimator, this paper aims at investigating the possible connection between financial development, financial openness and trade openness in twenty-nine Asian developing countries over 1994-2008. Firstly, we find a bidirectional causality...