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regulation. By contrast, the implications for other dimensions of globalization and for the structure of the international …
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-market premium and putting more downward pressure on domestic prices. "--World Bank web site …
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This paper analyzes the effects of capital controls and crises on financial integration, using stocks from emerging economies that trade in both domestic and international markets. The cross-market premium (the ratio between the domestic and the international market price of cross-listed stocks)...
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