LEADER 03312nam 2200661 450 001 9910464014903321 005 20170815101953.0 010 $a1-4623-9616-X 010 $a1-4527-0771-5 010 $a1-4518-6986-X 010 $a1-282-84080-0 010 $a9786612840807 035 $a(CKB)3170000000055027 035 $a(EBL)1607873 035 $a(SSID)ssj0000944029 035 $a(PQKBManifestationID)11528595 035 $a(PQKBTitleCode)TC0000944029 035 $a(PQKBWorkID)10982727 035 $a(PQKB)10019992 035 $a(OCoLC)815737064 035 $a(MiAaPQ)EBC1607873 035 $a(EXLCZ)993170000000055027 100 $a20140227h20082008 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aFinancial integration and risk-adjusted growth opportunities /$fGianni De Nicolo? and Iryna Ivaschenko 210 1$a[Washington, District of Columbia] :$cInternational Monetary Fund,$d2008. 210 4$dİ2008 215 $a1 online resource (26 p.) 225 1 $aIMF Working Papers 225 0$aIMF working paper ;$vWP/08/126 300 $aDescription based upon print version of record. 311 $a1-4519-1440-7 320 $aIncludes bibliographical references. 327 $aContents; 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 Europe 327 $a2. Risk-Adjusted Growth Opportunities - Emerging Europe3. Risk-Adjusted Growth Opportunities - Americas; 4. Risk-Adjusted Growth Opportunities - Emerging Asia 330 $aThis paper documents the evolution of measures of financial integration for major advanced and emerging markets economies, assesses whether advances in integration have had a significant positive impact on countries' risk-adjusted growth opportunities, and identifies some of the channels through which financial integration may foster growth. Three main results obtain. First, financial integration has progressed significantly worldwide, particularly in emerging markets, and regional integration has advanced at the fastest pace in Europe. Second, a country's speed of integration predicts future 410 0$aIMF Working Papers 606 $aInternational economic integration 606 $aGlobalization 606 $aLiquidity (Economics) 608 $aElectronic books. 615 0$aInternational economic integration. 615 0$aGlobalization. 615 0$aLiquidity (Economics) 676 $a337 700 $aDe Nicolo?$b Gianni$0375199 701 $aIvaschenko$b Iryna$0862008 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910464014903321 996 $aFinancial integration and risk-adjusted growth opportunities$92273593 997 $aUNINA