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This paper computes a new financial globalization index for a large sample of countries for 1992-2016. Unlike other … measures, the financial globalization index corrects for the heteroscedasticity of global volatility. This leads to a downward … adjustment of financial globalization trends for developed, emerging, and frontier markets. The paper also shows that financial …
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Using self-organizing maps, we locate several frontier and emerging stock markets in a detailed map of 49 financial markets around the globe. This classification enables us to take into account the information contained in seven different market variables. The result is a map in which we can...
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Given the dramatic globalization over the past twenty years, does it make sense to segregate global equities into …
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