Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/70696 
Erscheinungsjahr: 
2008
Schriftenreihe/Nr.: 
Working Paper No. 2008-14
Verlag: 
Federal Reserve Bank of Atlanta, Atlanta, GA
Zusammenfassung: 
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.
Schlagwörter: 
financial integration
factor-market integration
trade productivities
black market exchange rates
JEL: 
F15
F36
Dokumentart: 
Working Paper

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