integration …

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 …

capital markets have become more integrated. In this paper, I ask what this integration and its resulting higher correlation …

of financial integration or interrelatedness, asking how Asia compares with Europe and Latin America and with the base … case in which the purchaser and issuer of the bonds reside in different regions. Not surprisingly, we find that Europe is … head and shoulders above other regions in terms of financial integration. More interesting is that Asia already seems to …

"Using a comprehensive database of firms in Western and Eastern Europe, we study how the business environment in a …