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The Evidence and Impact of Financial Globalization by Gerard Caprio

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Chapter 11

International Cross-listings

L. Gagnon* and G.A. Karolyi

*Queen’s University, Kingston, ON, Canada

Cornell University, Ithaca, NY, USA

Outline

With the rapid globalization of financial markets during the 1980s and 1990s, increasingly more firms from around the world began cross-listing their shares on major overseas stock exchanges. During the past decade, however, the number of new international cross-listings on major exchanges around the world has slowed, ...

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