Arbeitspapier
Financial and real integration
We examine the relationship between real and financial integration. Real integration is measured by productivities of capital and labor from trade data for 1982 to 1997. Financial integration is measured by the black market exchange rate. We find more evidence of convergence to equality for returns to capital than for returns to labor. There is some support for associating the convergence of black market premia with declines in black market premia.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 2008-14
- Classification
-
Wirtschaft
Economic Integration
Financial Aspects of Economic Integration
- Subject
-
financial integration
factor-market integration
trade productivities
black market exchange rates
- Event
-
Geistige Schöpfung
- (who)
-
Baier, Scott L.
Dwyer, Gerald P.
- Event
-
Veröffentlichung
- (who)
-
Federal Reserve Bank of Atlanta
- (where)
-
Atlanta, GA
- (when)
-
2008
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Baier, Scott L.
- Dwyer, Gerald P.
- Federal Reserve Bank of Atlanta
Time of origin
- 2008
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