emerging economies, the paper shows that firms shifted their issuances between domestic and international syndicated loans and … toward domestic markets during international crises, firms reduced the share of foreign currency debt. The opposite occurred … during domestic crises. Large firms were the ones that switched between international and domestic markets, affecting …

"This paper analyzes the effects of capital controls and crises on international financial integration, using data on … stocks from emerging economies that trade in domestic and international markets. The cross-market premium (the ratio between … the domestic and international market price of cross-listed stocks) provides a valuable measure of how capital controls …