This paper investigates empirically the degree of international integration of industrial and emerging country equity markets. It analyzes two issues: first, th
This paper investigates empirically the degree of international integration of industrial and emerging country equity markets. It analyzes two issues: first, th
The global financial crisis (2007-2009) saw sharp declines in stock markets around the world, affecting both advanced and emerging markets. In this paper we tes
In recent decades, the foreign assets and liabilities of advanced economies have grown rapidly relative to GDP, with the increase in gross cross-holdings far ex