ITEM METADATA RECORD
Title: Limits to international arbitrage: An empirical evaluation
Authors: Dewachter, Hans ×
Smedts, Kristien #
Issue Date: Jul-2007
Publisher: John wiley & sons ltd
Series Title: International journal of finance & economics vol:12 issue:3 pages:273-285
Abstract: This paper studies international financial integration by testing the law of one price across national borders. We use the distance between national discount factors as an integration measure and analyze the level of cross-border mispricing. The empirical analysis shows that. pricing differentials are relatively large in economic terms. This lack of international financial integration is subsequently analyzed in the market micro-finance literature. We find that market characteristics explain a considerable part of the variance in our cross-section of pricing differentials. Copyright (c) 2007 John Wiley & Sons, Ltd.
URI: 
ISSN: 1076-9307
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Research Center of International Economics, Leuven
Research Center Finance, Leuven
× corresponding author
# (joint) last author

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