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Although London appeared as the first international financial center on the world, the number of these kind of centers …
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We study the pattern of volatility of gross issuance in international capital markets since 1980. We find several short-lived episodes of high volatility. Over the long run, however, volatility has declined, suggesting that international financial integration has not made financial markets more...
Persistent link: https://www.econbiz.de/10012466075
and the developing world. It shows how financial flows can promote economic growth and financial capital can serve as a … Oxford, UK. Over the last decade, he has written extensively about economic transition in the world, South-East Europe, the …
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We study the pattern of volatility of gross issuance in international capital markets since 1980. We find several short-lived episodes of high volatility. Over the long run, however, volatility has declined, suggesting that international financial integration has not made financial markets more...
Persistent link: https://www.econbiz.de/10012778260