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Edward Elgar Publishing International Financial Integration (The International Library of Critical Writings in Economics series)

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Description

The degree of international financial integration achieved by capital flows remains a matter of debate. Furthermore, it evolves over time as markets become more and less integrated. Policymakers want to have a precise knowledge of the extent and direction of international capital flows because such flows influence the incentives for tax evasion, international redistribution and the vulnerability of the economy to external shocks. These volumes bring together a comprehensive selection of classic and contemporary readings on international financial integration. First, there is a review of the literature on measuring cross-border capital mobility followed by formal tests of the degree of international financial integration. Second, there is an examination of what factors actually determine the extent of cross-border capital mobility, and hence international financial integration. This authoritative collection will be invaluable for both students and specialists. Review 'Market integration, in Europe and elsewhere, is reshaping financial markets at the national and world level, with far-reaching implications for macroeconomic activity, corporate choices and household behavior. By bringing together the best articles on this issue, this book provides an essential reference, that will be of great service to policymakers and researchers alike.' -- Marco Pagano, Universita di Salerno, Italy About the Author Edited by Sylvester Eijffinger, Professor of Economics, Tilburg University and CEPR and Jan J.G. Lemmen, Erasmus University Rotterdam and University of Amsterdam, the Netherlands

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
29 January 2003
Listed Since
16 December 2006

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