The last two decades can be characterised as a period of globalisation which has involved economic liberalisation combined with the opening-up of economies to international trade and financial flows. Economic liberalisation implied the lifting of various controls and restrictions and of entry barriers into specific sectors like banking, as well as the pursuit of market-oriented reforms, with fa...

International capital flows have always been an important topic in international economics. Capital flows help a country exploit better investment opportunity and smooth consumption. Over the past few years, global current account imbalances have been at the forefront of policy debates. Large amount of research devotes to the study of net capital flows, while fewer works put their focus on gros...

With the acceleration of economic globalization and financial market integration, there has been a gradual increase in amount international capital considerable global movement flow. Due to its inherent uncertainty, immense flows, complex structure, flows have an enormous impact on trade, finance flowing, development for countries all over world. This paper aims provide full overview flow, focu...

This paper examines the corporate funding flows of Irish credit institutions over the period 2009 to end-2010. The analysis examines the daily net movement across the consolidated corporate and retail deposit books of the domestic Irish banking sector and models these flows as a function of bank specific measures of risk, sovereign influences and general macro-financial conditions. The internat...

Globalisation has become a catchword for the international economy in the late 20th century. It is a truism that nations have become more interdependent through the flows of goods, services, and financial capital since the 1 970s. The growing importance of export-oriented industrialisation has made integration into the global economy virtually synonymous with development for a number of nations...

The paper studies mechanisms through which a sudden stop in international credit flows may bring about financial and balance of payments crises. It is shown that these crises can occur even though the current account deficit is fully financed by foreign direct investment. However, equity and long-term bond financing may shield the economy from sudden stop crises. The paper also examines possibl...

In the MIRAGE trade policy simulation model, country current account balances are kept constant relative to world GDP, at their base year values, for the whole simulation period. Such a specification imposes no limit to country international investment positions, which do not appear explicitly in the model anyway. That rather unrealistic hypothesis could have an influence on trade flows, and co...

This paper uses a simple model of mean-variance capital markets equilibrium with proportional transactions costs to analyze the competition of stock markets for investors. We assume that equity trading is costly and endogenize transactions costs as variables strategically influenced by stock exchanges. Among other things, the model predicts that increasing financial market correlation leads to ...