International Good Market Segmentation and Financial Market Structure
Preprint
OPEN
Basak, Suleyman
;
Croitoru, Benjamin
(2003)
-
Subject:
financial innovation; international capital flows; market segmentation; risk sharing
While financial markets have recently become more complete and international capital flows well liberalized, markets for goods remain segmented. To investigate how more complete security markets may relieve the effects of this segmentation, we examine a series of two-co...
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