We investigate the determinants of bilateral international equity and bond portfolio reallocation across a large cross …

with lower interest rates – favours international investments in domestic stocks to the detriment of the less attractive …

This paper investigates the determinants of currency invoicing in international trade. Although the currency of … world exports and membership of the euro area make invoicing in the home currency (euro) more likely. …

international rating agencies, for the period 1995-2005. We employ panel estimation and random effects ordered probit approaches to …

of the world. Overall we find that while US economic developments would indeed affect the rest of the world, developments …

non-transferable skills. The bank differs from other international investors due to a liquidity threshold which induces a …

We show that international consumption risk sharing is significantly improved by capital flows, especially portfolio … particular, risk sharing is prevalent even among economies with poor institutions, provided they are open to international … present in the determinants of international capital flows themselves. Institutions are crucial in attracting capital for …