of Eastern European countries that have not yet been admitted to the EU itself. These new members will differ sharply …

developed financial markets at the start of its regional monetary and financial integration project? Is the main difference … deeper trade and factor market integration due to Europe’s Single Market project, compared to more partial and tentative … moves toward regional trade integration in Asia? Or does the euro make a key difference through the elimination of exchange …

of financial integration or interrelatedness, asking how Asia compares with Europe and Latin America and with the base … head and shoulders above other regions in terms of financial integration. More interesting is that Asia already seems to …

or divergence in the EU? I am prepared to give an unambiguous answer. That answer is yes. …