http://dspace.iimk.ac.in:80/xmlui/handle/2259/781 Tue, 12 May 2026 13:18:18 GMT 2026-05-12T13:18:18Z http://dspace.iimk.ac.in:80/xmlui/handle/2259/784 Integration and Convergence of Financial Markets in the European union Barot, Bharat; Nandakumar, P; Wague, Cheick The extend of Financial integration within the European union is a debated issue, and there is a presumption that some countries have made relatively less progress on this front. In this paper the countries in the union are ranked in terms of the degree of financial integration using various measures, including comprehensive Euler- type tests. A distinction is made between regional and global integration. It is seen that the core EU nations are integrated within the EU. But loosely globally, while the opposite holds true of the united kingdom. Smaller, highly advanced economies such as Sweden are integrated well regionally as well as globally. 1 Professor, Swedish National Institute of Economic Research, Stockholm, Sweden 2 Professor, Indian Institute of Management, Kozhikode 3 Professor, South Stockholm University College, Sweden Thu, 01 Jan 2004 00:00:00 GMT http://dspace.iimk.ac.in:80/xmlui/handle/2259/784 2004-01-01T00:00:00Z http://dspace.iimk.ac.in:80/xmlui/handle/2259/783 EMU Membership, Trade and Investment flows: Enhancement beyond the Single Market Effects? Barot, Bharat; Nandakumar, P; Wague, Cheick One of the Key Argument advanced in support of entry into the EMU by hesitant countries is the expected increase in trade volumes. Previous work on measuring the impact of EMU membership on trade has usually captured the effect using the Gravity model of trade and dummies representing membership status. Results obtained vary widely from 5% trade effect to almost 200% in the original contribution. This paper adopts a new approach by analyzing the effect on trade due to increased investment flows in the wake of actual or expected membership. The final impacts on trade thus traced are close to the estimates on the higher side in the previous studies. The coefficients for country and partner GDP product, FDI product and Geographical distance are all highly significant, and FDI inflows are seen to have a strong impact with an elasticity of 0.42 on bilateral trade. 1 Professor, Swedish National Institute of Economic Research, Stockholm, Sweden 2 Professor, Indian Institute of Management, Kozhikode 3 Professor, South Stockholm University College, Sweden Thu, 01 Jan 2004 00:00:00 GMT http://dspace.iimk.ac.in:80/xmlui/handle/2259/783 2004-01-01T00:00:00Z http://dspace.iimk.ac.in:80/xmlui/handle/2259/782 Capital Mobility and Financial Integration in Emerging Economics Barot, Bharat; Nandakumar, P; Wague, Cheick 1 Professor, Swedish National Institute of Economic Research, Stockholm, Sweden 2 Professor, Indian Institute of Management, Kozhikode 3 Professor, South Stockholm University College, Sweden Thu, 01 Jan 2004 00:00:00 GMT http://dspace.iimk.ac.in:80/xmlui/handle/2259/782 2004-01-01T00:00:00Z