03312nam 2200661 450 991046401490332120170815101953.01-4623-9616-X1-4527-0771-51-4518-6986-X1-282-84080-09786612840807(CKB)3170000000055027(EBL)1607873(SSID)ssj0000944029(PQKBManifestationID)11528595(PQKBTitleCode)TC0000944029(PQKBWorkID)10982727(PQKB)10019992(OCoLC)815737064(MiAaPQ)EBC1607873(EXLCZ)99317000000005502720140227h20082008 uy 0engur|n|---|||||txtccrFinancial integration and risk-adjusted growth opportunities /Gianni De Nicolò and Iryna Ivaschenko[Washington, District of Columbia] :International Monetary Fund,2008.©20081 online resource (26 p.)IMF Working PapersIMF working paper ;WP/08/126Description based upon print version of record.1-4519-1440-7 Includes bibliographical references.Contents; I. Introduction; II. Financial Integration as Convergence in Equity Premia; III. Risk-Adjusted Growth Opportunities and Financial Integration; IV. Globalization, Financial Development and Liquidity; V. Conclusions; References; Tables; 1. Convergence of Cross-Country Variances of Equity Premia; 2. Financial Integration and Risk-Adjusted Growth Opportunities; 3. Financial Integration and Globalization; 4. Financial Integration and Financial Development; 5. Financial Integration and Equity Markets Liquidity; Figures; 1. Risk-Adjusted Growth Opportunities - Developed Europe2. Risk-Adjusted Growth Opportunities - Emerging Europe3. Risk-Adjusted Growth Opportunities - Americas; 4. Risk-Adjusted Growth Opportunities - Emerging AsiaThis paper documents the evolution of measures of financial integration for major advanced and emerging markets economies, assesses whether advances in integration have had a significant positive impact on countries' risk-adjusted growth opportunities, and identifies some of the channels through which financial integration may foster growth. Three main results obtain. First, financial integration has progressed significantly worldwide, particularly in emerging markets, and regional integration has advanced at the fastest pace in Europe. Second, a country's speed of integration predicts future IMF Working PapersInternational economic integrationGlobalizationLiquidity (Economics)Electronic books.International economic integration.Globalization.Liquidity (Economics)337De Nicoló Gianni375199Ivaschenko Iryna862008MiAaPQMiAaPQMiAaPQBOOK9910464014903321Financial integration and risk-adjusted growth opportunities2273593UNINA