International Financial Integration through the Law of One Price : The Role of Liquidity and Capital Controls

International Financial Integration through the Law of One Price : The Role of Liquidity and Capital Controls

This paper takes advantage of the fact that some stocks trade both in domestic and international markets to characterize the degree of international financial integration. The paper argues that the cross-market premium (the ratio between the domestic and the international market price of cross-liste...

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Bibliographic Details
Main Authors: Levy Yeyati, Eduardo, Schmukler, Sergio L., Van Horen, Neeltje
Format: Journal Article
Language:EN
Published: 2012
Subjects:
Current Account Adjustment
Short-term Capital Movements F320
International Financial Markets G150
General Financial Markets: Government Policy and Regulation G180
Economic Development: Financial Markets
Saving and Capital Investment
Corporate Finance and Governance O160
Socialist Institutions and Their Transitions: Financial Economics P340
Online Access:http://hdl.handle.net/10986/4683

Internet

http://hdl.handle.net/10986/4683

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