How does nancial integration impact capital accumulation, current-account dynamics, and cross-country inequality? This paper investigates this question within a two-country, generalequilibrium, incomplete-markets model that focuses on the importance of idiosyncratic entrepreneurial risk a risk that introduces, not only a precautionary motive for saving, but also a wedge between the interest rat...

Fluctuations in GDP are more synchronized internationally than ßuctuations in Consumption, and they remain so even between Þnancially integrated economies, where the ranking should in theory be the reverse. This paper shows that consumption patterns are more correlated between Þnancially integrated economies. Thus the quantity puzzle must arise from the tendency of Þnancially integrated economi...

International capital flows expanded strongly before the global financial crisis, and current account imbalances accumulated in key economies. The crisis triggered a contraction in capital flows, which often forced a painful adjustment on countries running high external deficits. This special issue of the Journal of International Money and Finance consists of seven papers that offer novel empir...

Building on multiple theoretical perspectives, we examined how organizational culture moderates the association of different dimensions of Internet-enabled Supply Chain Integration (i.e., online information integration and operational coordination) and firm performance (i.e., customer service and financial performance). We tested hypotheses using survey data from senior executives in China. Our...

This paper provides evidence for a significant relation between international financial markets’ integration and output volatility. In the framework of a threshold model, it is shown empirically that this relation depends on country’s financial risk. Financial risk indicates a country’s ability to pay its official, commercial and trade debts. In countries with low financial risk, financial open...

This study empirically examines the impact of economic integration on stock market co-movements India with major Asian markets such as China, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore, and Thailand. We collect daily data indices from September 1999 to December 2017. The asymmetric generalised dynamic conditional correlation GARCH model is applied estimate time-varying correlatio...

Analysts spend a disproportionate amount of time with financial data curation before they are able to compare company performances in an analysis. The Extensible Business Reporting Language (XBRL) for annotating financial facts is suited for automatic processing to increase information quality in financial analytics. Still, XBRL does not solve the problem of data integration as required for a h...

This paper uses international household-level data to assess the impact of financial integration on welfare across countries and across households. The analysis uses two balanced panels of more than 17,000 and 31,000 households from up to 22 European countries over the periods 1994-2000 and 2004-2008. The dependent variable is a household’s personal assessment of its ability to make the ends of...

This study examines the relation of the stock markets in India with some leading South Asian countries and also endeavours to communicate the impression whether Indian equity market is more proficient than the other south Asian markets as is popularly believed.Integrated financial market is assumed to be of immense significance as it constitutes an important vehicle for promoting domestic savin...