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Persistent link: https://www.econbiz.de/10010523356
"This paper analyzes the effects of capital controls and crises on international financial integration, using data on stocks from emerging economies that trade in domestic and international markets. The cross-market premium (the ratio between the domestic and international market price of...
Persistent link: https://www.econbiz.de/10010520989
Persistent link: https://www.econbiz.de/10010524383
Persistent link: https://www.econbiz.de/10012245459
This report reviews the status of Mashreq countries' economic integration with the world, with the Arab world, and within the Mashreq sub-region itself. It examines the drivers of progress to date and barriers to further integration. It focuses on Mashreq countries' participation in integration...
Persistent link: https://www.econbiz.de/10012247211
This report reviews the status of Maghreb countries' economic integration with the world, with the Arab world, and within the Maghreb itself. It focuses on trade in goods and services, labor and capital flows, financial integration and cross-border infrastructure integration. It discusses the...
Persistent link: https://www.econbiz.de/10012247212
The treaty for the establishment of the East African Community (EAC) was signed in November 1999 by Kenya, Tanzania, and Uganda. The treaty, which entered into force in June 2000, aims a comprehensive integration process comprising of trade, economic, and political integration. The ultimate...
Persistent link: https://www.econbiz.de/10012553088
"By developing a simple theoretical model of the impact of market integration on sectoral output and employment in a poor rural setting, this paper demonstrates that trade can induce asymmetric growth. Under certain, plausible, assumptions, the non-farm sector will grow much faster than the...
Persistent link: https://www.econbiz.de/10011394150
"South Asia has attracted global attention because it has experienced rapid GDP growth over the last two decades. What … is not so well known is that South Asia is the least integrated region in the world. South Asia has opened its door to … friction and conflict have resulted in two South Asias. The first South Asia is dynamic, growing rapidly, highly urbanized, and …
Persistent link: https://www.econbiz.de/10010521023
"The authors argue that the cross-market premium (the ratio between the domestic and the international market price of cross-listed stocks) provides a valuable measure of international financial integration, reflecting accurately the factors that segment markets and inhibit price arbitrage....
Persistent link: https://www.econbiz.de/10010522163