Daniel’s post on the Cancun trade talks explains that their failure was rooted in disagreement about restrictions on foreign investment and capital controls. This reminds me that it’s time you all re-read Pierre-Olivier Gourinchas and Olivier Jeanne’s paper “The Elusive Benefits from International Financial Integration,” which I blogged about a few months ago.
{ 3 comments }
a different chris 09.15.03 at 11:35 pm
I..ummm…uhhh…read the abstract. Sounds good to me.
Can I be excused now? Please?
Kieran Healy 09.16.03 at 12:14 am
It’s actually a very readable paper, given the kind of stuff they’re doing.
john b 09.17.03 at 7:04 pm
…so basically, the effects of financial integration are quantifiable and positive?
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