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Author : Haluk Akdogan
Publisher : Unknown
Page : 187 pages
File Size : 53,5 Mb
Release : 1995
Category : Electronic
ISBN : OCLC:902402645
Author : Haluk Akdoğan
Publisher : Edward Elgar Publishing
Page : 214 pages
File Size : 47,7 Mb
Release : 1995
Category : Business & Economics
ISBN : UCSC:32106012148117
The integration of international capital markets is central to the major economic changes taking place throughout the world. This key issue in global finance is analyzed, both theoretically and empirically, in this book.
Author : Anonim
Publisher : Unknown
Page : 354 pages
File Size : 43,8 Mb
Release : 2004
Category : Capital market
ISBN : 0511185375
This volume presents an economic survey of international capital mobility from the late nineteenth century to the present. The authors examine the theory and empirical evidence surrounding the fall and rise of integration in the world market.
Author : Maurice Obstfeld,Alan M. Taylor
Publisher : Cambridge University Press
Page : 386 pages
File Size : 54,6 Mb
Release : 2004
Category : Business & Economics
ISBN : 0521671795
This book is an economic survey of international capital mobility from the late nineteenth century to the present.
Author : Mr.Michael Mussa,Mr.Morris Goldstein
Publisher : International Monetary Fund
Page : 66 pages
File Size : 45,6 Mb
Release : 1993-12-01
Category : Business & Economics
ISBN : 9781451950397
This paper discusses the extent to which national capital markets have become linked, and identifies several of the more important consequences of that increased degree of integration. Alternative approaches to the measurement of capital market integration are reviewed, including deviations from the law of one price, differences between actual and optimally diversified portfolios, correlations between domestic investment and domestic saving, and cross-country links in consumption behavior. Two recent episodes of large-scale international capital flows—namely, the turmoil in the European Monetary System in the fall of 1992, and the surge of capital inflows into Latin America during the last three years—are examined for insights into the workings of today’s global capital market. Finally, the paper offers some concluding remarks on the future development of international capital markets, on exchange rate management, on alternative approaches to living with larger and more influential financial markets, and on the financing of investment in the formerly centrally planned economies.
Author : Maurice Obstfeld,Alan M. Taylor
Publisher : Cambridge University Press
Page : 382 pages
File Size : 50,5 Mb
Release : 2004-02-19
Category : Business & Economics
ISBN : 0521633176
Publisher Description
Author : Wolfgang Bühler,Herbert Hax,Reinhart Schmidt
Publisher : Springer Science & Business Media
Page : 321 pages
File Size : 42,7 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642586644
This collection of fifteen original articles results from a cooperative intensive program of research on the German capital market. The program objectives included the development of expertise in modern empirical methods in financial economics and the derivation of results that might be specific to the German capital market. The four parts of the book are dedicated to: - problems of market structure and organization - information and capital market - risk and return - futures and options Altogether, the book gives an overview of empirical research on capital markets in Germany and helps to understand their nature. It also shows the application of modern techniques in financial research.
Author : Nina Pohl
Publisher : diplom.de
Page : 203 pages
File Size : 54,5 Mb
Release : 2000-09-01
Category : Political Science
ISBN : 9783832426415
Inhaltsangabe:Abstract: This paper deals with three highly controversial aspects in the international finance literature: the degree of international financial integration, the economic impact of capital mobility, and the potential role of capital controls in the emerging international financial architecture. Regarding the first aspect, many observers have been influenced by the recent hype about globalisation and in fact take it for granted that capital markets have become almost fully integrated into a world financial marketplace. This paper, reviews evidence that challenges this conventional wisdom, though confirming that the degree of international financial integration is rising. With respect to the second aspect, it is demonstrated that there are circumstances under which the free flow of international capital could negatively impact upon economic performance and/or otherwise welfare-enhancing domestic policies. This finding conflicts with traditional theory and provides an economic rationale for the judicious introduction of capital controls. With this assertion in mind, the final aspect, the role of capital controls, is investigated. The specific question explored is how far restrictions on international capital flows are able to avert a costly economic imbalance arising from fluctuations in the balance of payments. Although the international consensus seems to have shifted in recent years towards promoting Chilean-style capital controls as a potential new building block in the international financial landscape, this paper cautions against such a generalisation of the Chilean experience. Rather, a review of the empirical literature suggests that much of Chile s economic success story in the last decade can be explained by factors other than its control regime. The rising degree of international financial integration enhances the need for small countries to resolve their dilemma of being dependent on external funding and, at the same time, most vulnerable to sudden reversals of international capital flows. Yet, simple solutions of how to counterbalance the potential threats of capital mobility in a second-best equilibrium, are not found to be easily forthcoming. In particular, this paper argues that capital controls are no panacea even less so, if they delay necessary macro- and microeconomic reforms. A worrying feature of the international financial system, partly due to continued innovations in financial engineering, is that [...]
Author : John Eatwell,Lance Taylor
Publisher : Oxford University Press
Page : 493 pages
File Size : 49,6 Mb
Release : 2002-04-18
Category : Business & Economics
ISBN : 9780195349016
These papers provide a cutting-edge overview of general issues regarding world capital markets, experience in developing countries, and capital market regulation, which many economists believe could turn into the number one topic in international business and economics.
Author : H. Kent Baker,Greg Filbeck,Halil Kiymaz
Publisher : John Wiley & Sons
Page : 448 pages
File Size : 49,7 Mb
Release : 2020-08-20
Category : Business & Economics
ISBN : 9781119632924
Sharpen your understanding of the financial markets with this incisive volume Equity Markets, Valuation, and Analysis brings together many of the leading practitioner and academic voices in finance to produce a comprehensive and empirical examination of equity markets. Masterfully written and edited by experts in the field, Equity Markets, Valuation, and Analysis introduces the basic concepts and applications that govern the area before moving on to increasingly intricate treatments of sub-fields and market trends. The book includes in-depth coverage of subjects including: · The latest trends and research from across the globe · The controversial issues facing the field of valuation and the future outlook for the field · Empirical evidence and research on equity markets · How investment professionals analyze and manage equity portfolios This book balances its comprehensive discussion of the empirical foundations of equity markets with the perspectives of financial experts. It is ideal for professional investors, financial analysts, and undergraduate and graduate students in finance.
Author : Eduardo Roca
Publisher : Routledge
Page : 115 pages
File Size : 42,7 Mb
Release : 2020-11-26
Category : Social Science
ISBN : 9781000160376
This title was first published in 2000: An investigation of the issue of financial markets interdependence or integration through the application of recently developed and powerful techniques in time series econometrics. The text provides coverage of theoretical analysis and applications in the context of the Asia-Pacific region.
Author : George William Schwert,Clifford W. Smith
Publisher : McGraw-Hill Companies
Page : 820 pages
File Size : 45,7 Mb
Release : 1992
Category : Business & Economics
ISBN : STANFORD:36105061104282
Author : Tamim A. Bayoumi
Publisher : Manchester University Press
Page : 198 pages
File Size : 43,6 Mb
Release : 1997
Category : Business & Economics
ISBN : 0719047005
If history matters for understanding key development outcomes then surely historians should be active contributors to the debates informing these understandings. This volume integrates, for the first time, contributions from ten leading historians and seven policy advisors around the central development issues of social protection, public health, public education and natural resource management. How did certain ideas, and not others, gain traction in shaping particular policy responses? How did the content and effectiveness of these responses vary across different countries, and indeed within them? Achieving this is not merely a matter of seeking to 'know more' about specific times, places and issues, but recognising the distinctive ways in which historians rigorously assemble, analyse and interpret diverse forms of evidence. This book will appeal to students and scholars in development studies, history, international relations, politics and geography as well as policy makers and those working for or studying NGOs.
Author : Nina Gillmann
Publisher : GRIN Verlag
Page : 210 pages
File Size : 55,8 Mb
Release : 2012-08-08
Category : Business & Economics
ISBN : 9783656980940
Diploma Thesis from the year 2000 in the subject Economics - Finance, grade: 1, Christian-Albrechts-University of Kiel, language: English, abstract: This paper deals with three highly controversial aspects in the international finance literature: the degree of international financial integration, the economic impact of capital mobility, and the potential role of capital controls in the emerging international financial architecture. Regarding the first aspect, many observers have been influenced by the recent hype about “globalisation” and in fact take it for granted that capital markets have become almost fully integrated into a world financial marketplace. This paper, reviews evidence that challenges this conventional wisdom, though confirming that the degree of international financial integration is rising. With respect to the second aspect, it is demonstrated that there are circumstances under which the free flow of international capital could negatively impact upon economic performance and/or otherwise welfare-enhancing domestic policies. This finding conflicts with traditional theory and provides an economic rationale for the judicious introduction of capital controls. With this assertion in mind, the final aspect, the role of capital controls, is investigated. The specific question explored is how far restrictions on international capital flows are able to avert a costly economic imbalance arising from fluctuations in the balance of payments. Although the international consensus seems to have shifted in recent years towards promoting Chilean-style capital controls as a potential new building block in the international financial landscape, this paper cautions against such a generalisation of the Chilean experience. Rather, a review of the empirical literature suggests that much of Chile‘s economic success story in the last decade can be explained by factors other than its control regime. The rising degree of international financial integration enhances the need for small countries to resolve their dilemma of being dependent on external funding and, at the same time, most vulnerable to sudden reversals of international capital flows. Yet, simple solutions of how to counterbalance the potential threats of capital mobility in a second-best equilibrium, are not found to be easily forthcoming. In particular, this paper argues that capital controls are no panacea – even less so, if they delay necessary macro- and microeconomic reforms.
Author : Marga Peeters,Nidal Sabri,Wassim Shahin
Publisher : Springer Science & Business Media
Page : 230 pages
File Size : 40,6 Mb
Release : 2013-09-21
Category : Business & Economics
ISBN : 9783642356971
The Arab upheaval and the world's biggest financial crisis after the Great Depression were almost simultaneous in their occurrence. The Mediterranean economies now face a dual challenge of a political and financial restructuring in the light of a shaky economic pedestal on which they stand. In light of this socio-political and economic shift in both inland and in world markets, this book offers a thorough analysis on problems, prospects and the way ahead for the financial integration of the South-Mediterranean region. Several perspectives on financial integration and policy recommendations are put forward from a leading group of researchers specializing on the Mediterranean region.