Yeyati, Eduardo; Schmukler, Sergio; Horen, Neeltje Van - eSocialSciences - 2009
This paper analyzes the effects of capital controls and crises on financial integration, using stocks from emerging … capital controls and crises affect international financial integration. The paper shows that capital controls affect cross … international ones, generating a negative premium. The opposite happens in case of capital outflows. Crises affect financial …