One key focus of the on-going debate on the integration of international financial markets have been measures to lengthen the maturity of foreign debt, as short-term debt is typically considered to be highly volatile. The transition economies of Central and Eastern Europe are one group of...

Dünya ekonomik konjonktürü Japonya'nın Asya Krizi sonrası bocalaması ve AB'nin kendi iç sorunlarıyla meşgul olması nedeniyle ABD'deki konjonktürden doğrudan etkilenir hale gelmiştir. Globalleşme adı verilen ve tek tek ülke ekonomilerinin dünya ekonomisine eklemlenmesi diye...

Surges and reversals of short-term foreign liabilities are often held responsible for instabilities in international financial markets. Yet, empirical evidence on the factors determining the maturity of capital flows is scant. This paper analyzes the determinants of foreign assets of German...