Abstract

http://ssrn.com/abstract=1971684
 
 

References (15)



 
 

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Changing Links between Mature and Emerging Financial Markets


Philip D. Wooldridge


Bank for International Settlements (BIS)

Dietrich Domanski


Bank for International Settlements (BIS)

Anna Cobau


affiliation not provided to SSRN

September 1, 2003

BIS Quarterly Review, September 2003

Abstract:     
Emerging and mature financial markets are more integrated today than at any time since the First World War. Net capital flows to emerging markets have yet to return to the levels of the mid-1990s and remain significantly below those reached a century ago. However, cross-border flows provide an incomplete picture of the breadth and depth of links between mature and emerging financial markets. The range of foreigners investing in emerging markets has broadened in recent years. Local operations of foreign financial institutions are playing an increasingly important, in some cases even dominant, role in the financial systems of many emerging markets. At the same time, emerging market residents are increasingly involved in foreign financial systems, both as issuers and as investors. This special feature discusses these developments and identifies several issues for public policy arising from greater integration.

Number of Pages in PDF File: 10

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Date posted: April 25, 2012  

Suggested Citation

Wooldridge, Philip D. and Domanski, Dietrich and Cobau, Anna, Changing Links between Mature and Emerging Financial Markets (September 1, 2003). BIS Quarterly Review, September 2003. Available at SSRN: http://ssrn.com/abstract=1971684

Contact Information

Philip D. Wooldridge (Contact Author)
Bank for International Settlements (BIS) ( email )
CH-4002 Basel, Basel-Stadt
Switzerland
Dietrich Domanski
Bank for International Settlements (BIS) ( email )
Centralbahnplatz 2
Basel, Basel-Stadt 4002
Switzerland
Anna Cobau
affiliation not provided to SSRN
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Citations:  8

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