During the last years, gravity equations have leapt from the trade literature over into the literature on financial markets. Martin and Rey (2004) were the first to provide a theoretical model for cross-border asset trade, yielding a structural gravity equation that could be tested empirically....

Die Analyse des internationalen Handels von Dienstleistungen weist Eigenarten auf, die dem Charakter der Dienstleistung geschuldet sind: Immateriell und nicht lagerfähig findet dennoch der internationale Austausch statt, wenn auch unter besonderen Bedingungen. Diese Arbeit untersucht den Handel...

Today, it is well recognized that expansion of trade service activities by banks and financial institutions is connected with the expansion of cross-border trade flows and both developed and developing countries have been playing increasingly prominent role. Trade is an important driver of...