Hoffmann, Mathias; Tillmann, Peter - Volkswirtschaft Abteilung, Fachbereich … - 2011
How does international .financial integration affect national price levels? Panel evidence for 54 industrialized and … integration, i.e. moving from segmented to complete asset markets, is regime-dependent. Under managed exchange rates financial … integration raises the national price level. Under .floating exchange rates, however financial integration lowers national price …