Source: Regional Financial Integration in the Caribbean : Evidence From Financial and Macroeconomic Data
Series: IMF Working Papers
Author(s): Goohoon Kwon , and Raphael Espinoza
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2009
Keywords: CARICOM, cross-market premium, cross-listed stock, Threshold Auto-Regressive model, current account dynamics, equation, bond, correlation, stock exchange,
This paper assesses the extent of regional financial integration in the Caribbean Community (CARICOM) by analyzing equity prices in the region and rigidity of external financing constraints. The results are present...