In the first era of financial globalization (1880-1914), global capital market integration led to substantial net capital movements from rich to poor economies. The historical experience stands in contrast to the contemporary globalization where gross capital mobility is equally high, but did...

This study focuses on gender-specific determinants of remittances in Germany. The conceptual approach considers gender roles and naturalization to be crucial in the immigrant's decision to remit. For the empirical investigation, the authors use data from the German Socio-Economic Panel (SOEP)...

Weltweit erreichen Überweisungen von Migranten in ihr Heimatland (Remittances) ein Ausmaß, das die offizielle Entwicklungshilfe übersteigt. Nach Angaben der Weltbank ist Deutschland mit mehr als 10 Mrd. US-Dollar im Jahr 2004 eines der bedeutendsten Herkunftsländer. Aus der Sicht der...

Germany's role in financing economic development in Asia on a sustainable basis leaves much to be desired. Direct investors are still underrepresented in the region. Commercial banks have fueled speculative bubbles. Official development financing does not appear to be based on efficiency-related...

This paper examines the implications of the liberalization of capital outflows in China, India, Brazil, and South Africa (CIBS) for other developing countries. It focuses on their prospects of attracting not only foreign direct investment (FDI), but also portfolio capital flows from CIBS. To...

The paper addresses the question whether voters would favor a restriction on capital exports to the East, and if so, to what extent. In a two country framework, it is shown that an unrestricted capital outflow is not optimal, in the traditional sense of a social welfare maximizing benevolent...