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Financial Capital Mobility and the Origins of Stock Markets

D. Verdier

Working Papers from European Institute - Political and Social Sciences

Abstract: Against the dominant view that financial assets are liquid within national borders, this study theoretically motivates and empirically demonstrates the existence fo financial market specificity.

Keywords: CAPITAL MOBILITY; FINANCIAL MARKET (search for similar items in EconPapers)
JEL-codes: F21 F30 G10 (search for similar items in EconPapers)
Pages: 57 pages
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:fth:europs:99/10

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