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real effects resulting from a more efficient resource allocation predicted by theory. We find that: (a) financial …
Persistent link: https://www.econbiz.de/10013144840
simplistic models arguing for financial integration typically employed in economics assume convexity; but the world is rife with …
Persistent link: https://www.econbiz.de/10013148101
The analysis investigates the evolution of investment funding practices in the European Common Currency Area in the aftermath of the Global Financial Crisis and the European Sovereign Debt Crisis. We examine the effect on bilateral Intra-Eurozone foreign direct investment (FDI) posed by the...
Persistent link: https://www.econbiz.de/10012696612
Despite the increased capital mobility that has accompanied the trend towards liberalisation and international integration of financial markets, differences remain in financing costs and, in particular, the cost of capital, that similar businesses face in different countries. These differences...
Persistent link: https://www.econbiz.de/10012444631
simplistic models arguing for financial integration typically employed in economics assume convexity; but the world is rife with …
Persistent link: https://www.econbiz.de/10012462933
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The recent vote by Britain to quit European Union (EU) and the political pressures in some member countries to exit EU necessitates a critical evaluation of the long-run economic benefits of economic integration or union to member countries. Consequently, this paper examines recent empirical...
Persistent link: https://www.econbiz.de/10011866066