This paper finds that an increase in bilateral trade interdependence and global trade openness significantly promotes peace. It also suggests that the effect of trade openness varies depending on the geographical proximity of countries.
This paper investigates the impact of technology spillover from foreign direct investment inflows on financial integration. It finds welfare gains can be had through greater financial integration in emerging Asian economies.
This paper finds real integration in East Asia has been accelerating. However, regional financial integration lags the extent of real integration; that financial markets are more integrated with global markets than with each other.