We assess the pattern of Euro Area financial integration adjusting for the role of "onshore offshore financial centers" (OOFCs) within the Euro Area. The OOFCs of Luxembourg, Ireland, and the Netherlands serve dual roles as both hubs of investment fund intermediation and centers of securities...

The aim of this paper is to test the ability of conditional and unconditional CAPM models to explain emerging markets returns in terms of their integration into the international market. We use data on 5 developed countries and 5 emerging countries as well as data on the Tunis Stock Exchange...

With increasing financial integration and improving regulatory quality, we expect equity home bias to decline. Drawing on the supportive evidence for such trends in advanced economies, this paper investigates the links between financial integration and regulatory quality; and equity home bias in...