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Author: R Portes

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CEP discussion paper
The Determinants Of Cross-Border Equity Flows

We apply a new approach to a new panel data set on bilateral gross cross-border equity flows between 14 countries, 1989-96. The remarkably good results have strong implications for theories of asset trade. We find that t...Read more...

R Portes and H Rey

February 2000

CEP discussion paper
The Emergence of the Euro as an International Currency

The European Union will enter Stage Three of Economic and Monetary Union (EMU) in 1999. The development of euro financial markets and thickness externalities in the use of the euro as a means of payment will be the major...Read more...

G Alogoskoufis, R Portes and H Rey

May 1998