Lemmen, Jan; Eijffinger, Sylvester - In: Open Economies Review 6 (1995) 2, pp. 145-165
This paper applies the Feldstein-Horioka criterion, that is, the role of savings-investment correlations, to assess the degree of financial integration in the European Community. We establish a link between the Feldstein-Horioka criterion and three other criteria for financial integration: the...