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This paper analyzes the effects of capital controls and crises on financial integration, using stocks from emerging economies that trade in both domestic and international markets. The cross-market premium (the ratio between the domestic and the international market price of cross-listed stocks)...
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-market premium and putting more downward pressure on domestic prices. "--World Bank web site …
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led to its spread to the rest of the world. On the theoretical side, we show that capital flows to the United States in …
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