Borrowing by domestic enterprises from – their foreign subsidiaries or – via their financing companies operating abroad that specialize in issuing international bonds. These loans must be included statistically in direct investment. – See direct investment, in-house system, capital movements, international. – Cf. Deutsche Bundesbank Monthly Report of March 2001, p. 71, ECB Monthly Report of July 2005, p. 22 et seq. (analysis of payment flows; overviews).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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