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Indicators of regional financial integration

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  • Agustín S. Bénétrix and Sébastien Wälti

Abstract

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.

Suggested Citation

  • Agustín S. Bénétrix and Sébastien Wälti, 2008. "Indicators of regional financial integration," The Institute for International Integration Studies Discussion Paper Series iiisdp243, IIIS.
    • Handle: RePEc:iis:dispap:iiisdp243
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    2. Philip R. Lane, 2008. "EMU and Financial Market Integration," The Institute for International Integration Studies Discussion Paper Series iiisdp248, IIIS.
    3. Philip R. Lane, 2008. "EMU and Financial Integration," The Institute for International Integration Studies Discussion Paper Series iiisdp272, IIIS.
    4. Chuluun, Tuugi, 2017. "Global portfolio investment network and stock market comovement," Global Finance Journal, Elsevier, vol. 33(C), pages 51-68.

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