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Financial Integration within EU Countries: The Role of Institutions, Confidence and Trust
European capital markets regional capital fl ows ownership culture
2015/9/21
We investigate the degree of financial integration within and between European
countries. We construct two measures of de-facto integration across European regions
to capture “diversific...
Trust lies at the crux of most economic transactions, with credit markets being a notable example. Drawing on insights from the liter-ature on coordination games and network growth, we develop a simpl...