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International Financial Integration Through Equity Markets : Which Firms From Which Countries Go Global?

Schmukler, Sergio L. - 2007

This paper studies international financial integration analyzing firms from various countries raising capital, trading equity, and/or cross-listing in major world stock markets. Using a large sample of 39,517 firms from 111 countries covering the period 1989-2000, we find that, although...

Persistent link: https://www.econbiz.de/10014400333

International Stock Returns and Market Integration : A Regional Perspective

Del Negro, Marco - 2002

into the Americas, Asia, and Europe and find that most of the variation explained by country effects is actually due to … region effects. Over time, these region effects have fallen. Within regions, however, only in Europe has segmentation … declined, while it has increased elsewhere. Europe is also the only region where industry effects are now robustly more …

Persistent link: https://www.econbiz.de/10014401376

The Rise in Comovement Across National Stock Markets : Market Integration or Global Bubble?

Brooks, Robin - 2002

market integration within Europe, possibly a reflection of institutional changes such as the EMU …

Persistent link: https://www.econbiz.de/10014401647

International Integration of Equity Markets and Contagion Effects

Cashin, Paul - 1995

This paper investigates empirically the degree of international integration of industrial and emerging country equity markets. It analyzes two issues: first, the extent to which equity prices have tended to move similarly across countries and regions in the long run; and second, the strength of...

Persistent link: https://www.econbiz.de/10014397857

Firm-Level Evidenceon International Stock Market Comovement

Brooks, Robin - 2003

We explore the link between international stock market comovement and the degree to which firms operate globally. Using stock returns and balance sheet data for companies in 20 countries, we estimate a factor model that decomposes stock returns into global, country-specific and industry-specific...

Persistent link: https://www.econbiz.de/10014403861

International Financial Integration and Economic Growth

Sløk, Torsten - 2002

This paper uses new data and new econometric techniques to investigate the impact of international financial integration on economic growth and also to assess whether this relationship depends on the level of economic development, financial development, legal system development, government...

Persistent link: https://www.econbiz.de/10014399567

International Finance and Income Convergence : Europe is Different

Leigh, Daniel - 2007

desirability of foreign capital. In this paper we report that Europe-including the new member states of the European Union …-provides a counterexample to these global anomalies. With increasing financial integration, capital in Europe has traveled …

Persistent link: https://www.econbiz.de/10014400133

Financial Integration : A New Methodology and An Illustration

Rose, Andrew K. - 2004

This paper develops a simple methodology to test for asset integration, and applies it within and between American stock markets. Our technique relies on estimating and comparing expected risk-free rates across assets. Expected risk-free rates are allowed to vary freely over time, constrained...

Persistent link: https://www.econbiz.de/10014404174

Economic Integration and Financial Stability : A European Perspective

De Nicoló, Gianni - 2006

This paper assesses changes in synchronization of real activity and financial market integration in Western Europe and …

Persistent link: https://www.econbiz.de/10014399790

Mitigating long-term unemployment in Europe

Miyamoto, Hiroaki; Suphaphiphat, Nujin - 2020

While unemployment rates in Europe declined after the global financial crisis until 2018/19, the incidence of long …

Persistent link: https://www.econbiz.de/10012301932

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