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"This paper analyzes the effects of capital controls and crises on international financial integration, using data on stocks from emerging economies that trade in domestic and international markets. The cross-market premium (the ratio between the domestic and international market price of...
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This report reviews the status of Mashreq countries' economic integration with the world, with the Arab world, and within the Mashreq sub-region itself. It examines the drivers of progress to date and barriers to further integration. It focuses on Mashreq countries' participation in integration...
Persistent link: https://www.econbiz.de/10012247211
"By developing a simple theoretical model of the impact of market integration on sectoral output and employment in a poor rural setting, this paper demonstrates that trade can induce asymmetric growth. Under certain, plausible, assumptions, the non-farm sector will grow much faster than the...
Persistent link: https://www.econbiz.de/10011394150
"South Asia has attracted global attention because it has experienced rapid GDP growth over the last two decades. What … is not so well known is that South Asia is the least integrated region in the world. South Asia has opened its door to … friction and conflict have resulted in two South Asias. The first South Asia is dynamic, growing rapidly, highly urbanized, and …
Persistent link: https://www.econbiz.de/10010521023
"The authors argue that the cross-market premium (the ratio between the domestic and the international market price of cross-listed stocks) provides a valuable measure of international financial integration, reflecting accurately the factors that segment markets and inhibit price arbitrage....
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