Series: IMF Working Papers
Author(s): Eduardo Borensztein , and Prakash Loungani
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2011
Keywords: equity premium, gravity model, home bias, risk-sharing, herding, investors, bond, foreign investors, bonds, international investors
The paper compares trends in financial integration within Asia with those in industrialized countries and other regional groups. Declines in cross-country dispersion in equity returns and interest rates suggest inc...