Bremus, Franziska; Kliatskova, Tatsiana - In: Journal of International Money and Finance 107 (2020)
harmonization and convergence in institutional quality to affect capital market integration. Based on hand-collected data on the … implementation of EU-directives, our analysis yields three key insights. First, legal harmonization promotes portfolio equity … relationship between external investments and harmonization varies significantly across sectors: the non-bank financial …