countries, the UK, the US and 16German L¨ander in the last 15 years. At a low frequency of weeks, bondmarket integration has … euro,as well as increasing international capital flows, appear to drive low frequencyintegration. In contrast, yield …, when a sharp increase in integration can be observed in all samples. Theincrease in high frequency integration can be …

How does international financial integration a …

differentconvergence clubs with the euro area and the US representing the core, respectively. Inline with the theoretical literature, we … degree offinancial integration within the convergence clubs as well as the extent of reserveaccumulation are found to be the … that the overallcharacter of integration matters for the pattern of current account developments incatching-up economies.[...] …