Chambet, Anthony; Gibson, Rajna - Institut für Schweizerisches Bankwesen <Zürich> - 2005
countries during the 1990s. We then investigate the relationship between the level of a country's trade concentration and its … of trade diversification. We find that, indeed, countries with an undiversified trade structure tend to have less … segmented financial markets. Finally, our results also suggest that countries less open to trade are more segmented. …