| Title:
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THE INTERNATIONALIZATION OF EQUITY MARKETS
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| By: |
Jeffrey A. Frankel |
| Format: |
Hardback |
| List price:
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£88.00 |
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£79.20 |
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£8.80 |
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| ISBN 10: |
0226260011 |
| ISBN 13: |
9780226260013 |
| Availability: |
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| Stock: |
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| Publisher: |
THE UNIVERSITY OF CHICAGO PRESS |
| Pub. date: |
1 November, 1994 |
| Series: |
National Bureau of Economic Research Project Reports |
| Pages: |
426 |
| Description: |
This volume addresses important trends in the internationalization of equity markets. Essays examine such issues as: the current extent of international market integration; gains to US investors through international diversification; and the behaviour of country funds. |
| Synopsis: |
This volume addresses three important recent trends in the internationalization of equity markets. These trends are: extensive market integration through foreign investment and links among stock prices around the world; increasing securitization of other markets at the expense of banks; and the opening of national financial systems of newly industrializing countries to international financial flows and institutions. Eight essays examine such issues as: the current extent of international market integration; gains to US investors through international diversification; home-country bias in investing; the role of time and location around the world in stock-trading; and the behaviour of country funds. Other long-standing questions about equity markets are also addressed, including market efficiency and the accuracy of models of expected returns, with a particular focus on variances, covariances and the price of risk according to the Capital Asset Pricing Model. |
| Illustrations: |
32 line drawings, 65 tables |
| Publication: |
US |
| Imprint: |
University of Chicago Press |
| Returns: |
Returnable |