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...
Main Authors: | , , |
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Language: | EN |
Published: |
2012
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Subjects: | |
Online Access: | http://hdl.handle.net/10986/4683 |