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Based on a qualitative study on migrants of Somali origin who have settled in Europe for at least a decade, this open access book offers a ground-breaking exploration of the idea of mobility, both empirically and theoretically. It draws a comprehensive typology of the varied "post-migration mobility practices" developed by these migrants from their country of residence after having settled there. It argues that cross-border mobility may, under certain conditions, become a form of capital that can be employed to pursue advantages in transnational social fields. Anchored in rich empirical data, the book constitutes an innovative and successful attempt at theoretically linking the emerging field of "mobilities studies" with studies of migration, transnationalism and integration. It emphasises how the ability to be mobile may become a significant marker of social differentiation, alongside other social hierarchies. The "mobility capital" accumulated by some migrants is the cornerstone of strategies intended to negotiate inconsistent social positions in transnational social fields, challenging sedentarist and state-centred visions of social inequality. The migrants in the study are able to diversify the geographic and social fields in which they accumulate and circulate resources, and to benefit from this circulation by reinvesting them where they can best be valorised. The study sheds a different light on migrants who are often considered passive or problematic migrants/refugees in Europe, and demonstrates that mobility capital is not the prerogative of highly qualified elites: less privileged migrants also circulate in a globalised world, benefiting from being embedded in transnational social fields and from mobility practices over which they have gained some control. ; This open access book highlights the relevance of various types of cross-border movements in the post-migration lives of women and men of Somali origin Brings together conceptual insights from the migration studies and the mobilities studies to understand migrants' biographies Contributes to an emerging field that aims to trans-nationalize theories of social inequalities

This paper investigates the level of capital mobility in Russia, testing the Feldstein–Horioka (1980) puzzle (FHP). The study examines relations between saving and investment flows in Russia in the presence of structural breaks. It employs the quarterly data for the period 1995-2013, in which all estimations are made for two periods: the full period 1995-2013 and 2000-2013, the post-Russian crisis period. The empirical analysis includes the Kejriwal and Perron (2008, 2010) structural break test to determine the presence of structural breaks in series and estimate the savings retention coefficient under the consideration of structural shifts. To facilitate comparison, the parameters of the model were estimated employing the OLS and FMOLS procedures. To test the cointegration relationships between investment and saving flows in Russia, two different cointegration tests were applied to the data. The first applied was the Maki (2012) cointegration test, which allows for an unknown number of breaks; then, in a case where only one break was detected, the Carrion-i-Silvestre and Sanso (2006) cointegration test was employed. The results of this study provide evidence of high capital mobility and reject the existence of the FHP in the post-Russian crisis period. Evidence of the cointegration presence indicates the solvency of a current account in Russia.

This paper surveys the literature on the implications of international capital mobility for national tax policies. Our main issue for consideration in this survey is whether taxation of income, specifically capital income will survive, how border crossing investment is taxed relative to domestic investment and whether welfare gains can be achieved through international tax coordination. We develop a "working horse model" of multinational investment which allows to derive many of the key results from the literature on international taxation in a unified framework. Moreover, we put special emphasis on the problem of tax competition and financial arbitrage.

Discusses the relation among financial reform, capital flows and democracy, focusing on financial and economic crisis in Latin America and East Asia; policy issues.

The EU has recently entered accession talks with five transition economies of eastern Europe. Membership in the EU would require inter alia the full liberalization of capital flows. This paper provides empirical evidence on the openness towards foreign capital that the accession states have attained so far on the basis of the correlation between domestic saving and investment. A comparison with the southern members of the EU shows that the countries under review have reached a similar degree of integration in quantitative terms. Yet, further adjustment in qualitative terms, i.e., in the structure of capital flows, can be expected as the process of accession proceeds.