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financial markets into the world capital market. In case of perfect financial integration, it is generally assumed that there … European countries into the world capital market. This finding also implies that Eastern European countries are not attracting …
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The Eastern enlargement of the European Union (EU) is likely to give a further boost to trade and capital flows, yet empirical evidence on the possible magnitudes is still scarce. This paper uses four different datasets to estimate the determinants of international asset holdings and trade...
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