International Financial Integration: The Continuing Process

Richard Herring

Center for Financial Institutions Working Papers from Wharton School Center for Financial Institutions, University of Pennsylvania

Abstract: This is the second chapter of a book, Financial Regulation in the Global Economy, Herring is writing with Robert Litan. In this chapter they show how technological advances - dramatic reductions in transportation, telecommunications and computation costs - are creating an increasingly integrated financial market that ignores national boundaries. First they examine the effect of these technological advanceson users of financial services, providers of financial services and regulators of financial services. Then they document the increasing volume of international financial transactions and evaluate the extent to which financial prices are integrated across countries. They conclude by highlighting the risks that are the consequence of increasing international financial integration and pose a challenge to managers of financial institutions and regulators.

Date: 1994-07
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://fic.wharton.upenn.edu/fic/papers/94/9423.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://fic.wharton.upenn.edu/fic/papers/94/9423.pdf [301 Moved Permanently]--> https://wifpr.wharton.upenn.edu/fic/papers/94/9423.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wop:pennin:94-23

Access Statistics for this paper

More papers in Center for Financial Institutions Working Papers from Wharton School Center for Financial Institutions, University of Pennsylvania Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().