Daude, Christian (contributor); … - 2006
market development has a substantial impact on the pecking order of
financial integration. We find that portfolio investment … barrier to financial integration, and in particular for FDI and
loans. More importantly, the paper emphasizes that FDI should … been at the core of the
recent debate on international financial integration (e.g. Froot and Stein 1991; Razin, Sadka
and …