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Do multinational companies generate positive externalities for the host country? The evidence so far is mixed varying from beneˉcial to detrimental e®ects of FDI on growth, with many studies tha...
In this paper, we examine the various links among foreign direct investment (FDI), financial markets, and economic growth. We explore whether countries with better financial systems can exploit FD...
We investigate the degree of financial integration within and between European countries. We construct two measures of de-facto integration across European regions to capture “diversific...
From a theoretical perspective, cash balances are thought to play a role in common value auctions because of limited liability. However, they have also been found to be important in common value aucti...
There has probably never been a consensus among economists about the role of expectations in formulating monetary policy. Today two widely different views seem to dominate policy research and practi...
The ongoing financial crisis has given a new urgency to this question. Government officials are now proposing legislation to expand significantly the role of government in the financial sector and b...
The article discusses the role and the objective function of regional banks which have come under severe examination by the European Commission. It criticizes the economics of regional demarcation in ...
The present research is an attempt to better understand the role of trust in the adoption of technology-based service channels, namely Internet and phone banking. The study conceptualizes and measures...
The article discusses the return in retail in the U.S. banking industry and offers some insight into why this strategic shift has occurred. It relates that the renewed interests in retail banking of t...
This paper examines the negative externalities that may occur when a large bank fails, describes the nature of those externalities, and explores whether they may be greater in a case involving a large...
The article reexamines the role of the Federal Reserve in the retail payments in light of the new evolving U.S. payments system. It likewise explores the conceptual issues inherent in central bank inv...
Similar to the adoption of automatic teller machines, banks around the world are looking at online banking services as the next technology to reduce costs while maintaining or enhancing services to th...
he language of economics has been one of the author's interests for some years. To narrow the scope of the research, the language of investment banking will be discussed in depth. Investment banking i...
This paper provides a detailed explanation of cross-country differences in bank regulations and their sources. The results suggest that the patterns of bank regulations imply important differences bet...
Credit unions are a growing and important part of the global financial system. The history of the credit union movement is summarized and the characteristics making credit unions different from banks ...

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