International Financial Integration*



-47 -

Figure 4 International Integration: Finance versus Trade

Figure 5 Percentage change in trade and financial openness, 1991-2001


1.5



CAN


SWE


ESP

FIN


JPN


NZL


AUS

DNK

USA GBR


ITA

AUT

DEU

NLD

ISL FRA


NOR

III

.5                 1                 1.5                 2

ch. in fin. openness 1991-2001

2.5




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