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This study examines the macro drivers of the time-varying (dynamic) connectedness between eleven European tourism sectors. Financial integration between the travel and leisure markets, measured by their dynamic correlations or co-movement, is explained by common global fundamentals. The...
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financial openness and integration in emerging Asian markets. This paper also assesses the impact of a regional shock relative … the right balance between maximizing the net benefits from regional and global financial openness, and minimizing the …
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