This paper provides a general framework for analyzing the optimal degree and form of financial integration. Full … integration is not in general optimal: faced with a choice between two polar regimes, full integration or autarky, autarky may be … simplistic models arguing for financial integration typically employed in economics assume convexity; but the world is rife with …

We study the cultural integration of immigrants, estimating a structural model of marital matching along ethnic … dimensions, exploring in detail the role of fertility, and possibly divorce in the integration process. We exploit rich …, as well as fertility and homogamy rates, slow-down the cultural integration of some immigrant ethnic minorities …

multidimensional and high-degree financial relations among countries. It provides a nuanced picture of financial integration and … financial integration to the empirical analysis reveals the nonlinear relationship between financial integration and output …

Ongoing international financial integration has greatly increased foreign asset holdings across countries, enhancing … claims to firm profits in a production economy. For a given level of international financial integration (measured by the … goods, and the persistence of shocks. Finally, moving from less to more international financial integration, risk sharing …