We investigate the relationship between financial integration and output volatility at micro and macro levels. Using a … very large firm-level dataset from EU countries over time, we construct a measure of "deep" financial integration at the … higher levels of financial integration and volatility …

We investigate the relationship between financial integration and output volatility at micro and macro levels. Using a … very large firm-level dataset from EU countries over time, we construct a measure of "deep" financial integration at the … higher levels of financial integration and volatility …

The aim of this paper is to evaluate the welfare gains from financial integration for developing and emerging market … emerging market and developing economies for which we evaluate the upper bound for the welfare gain from financial integration …. For plausible values of preference parameters and actual levels of financial integration, the mean welfare gain from …