International Financial Integration

International Financial Integration discusses the importance and the implications of this particular type of integration and then looks at the most important problems connected with measuring it. Different ways of measuring it as well as the potential autonomy for national monetary policy are evaluated. The book introduces, as the first source, the Impossible Monetary Policy Triangle to illustrate the different options. An alternative way of measuring financial integration is elaborated and advocated. All methods are discussed in detail and demonstrated in an extensive empirical analysis.