1 Subjects: “...Systemic risk assessment...”

2 “... from 1994 through 2003 in selected emerging and developed economies, and assesses its impact...”

3 “...This paper assesses changes in synchronization of real activity and financial market integration...”

4 “... advanced and emerging market countries, documents their evolution and comovements, and assesses the extent...”

5 “... and emerging markets economies, assesses whether advances in integration have had a significant positive impact...”