countries but not necessarily with the rest of the world. Adopting a common standard in a region-that is, harmonization …

countries but not necessarily with the rest of the world. Adopting a common standard in a region-that is, harmonization …

agreements increase the trade between participating countries but not necessarily with the rest of the world. Harmonization of …

Measuring the integration of world capital markets is notoriously difficult. For example, regulatory changes which … equity market becomes financially integrated with world capital markets. We find endogenous break dates that are very … markets are on average larger and more liquid than before; returns are more volatile and more highly correlated with the world …

If negotiations on trade in services at the World Trade Organization are to advance liberalization beyond levels … trade in services at the World Trade Organization (WTO) have so far produced little liberalization beyond levels countries …

Measuring the integration of world capital markets is notoriously difficult. For example, regulatory changes which … equity market becomes financially integrated with world capital markets. We find endogenous break dates that are very … markets are on average larger and more liquid than before; returns are more volatile and more highly correlated with the world …

world to U.S. based equity variance risk. We explore implications for global risk premiums and asset return comovements …