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Indicators of regional financial integration

  • Agustín S. Bénétrix and Sébastien Wälti

This book chapter provides for a review of quantity-based and price-based indicators of regional financial integration. These measures should be easy to construct and interpret, based on publicly available data, and available for many countries and regions over time. The chapter discusses the underlying datasets in great detail and explains the construction of various indicators. Several applications, mostly using the process of European integration as a case study, show that regional financial integration has increased over the last decades, in particular in Europe after the introduction of the euro. However, there has been a parallel process of financial integration at the global level.

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Paper provided by IIIS in its series The Institute for International Integration Studies Discussion Paper Series with number iiisdp243.

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Date of creation: 13 Feb 2008
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Handle: RePEc:iis:dispap:iiisdp243
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