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Available as an ebook at:
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The Internationalization of Equity Markets
University of Chicago Press, 1994 Cloth: 978-0-226-26001-3 | eISBN: 978-0-226-26021-1 Library of Congress Classification HG4508.I57 1994 Dewey Decimal Classification 332.632
ABOUT THIS BOOK | TOC | REQUEST ACCESSIBLE FILE
ABOUT THIS BOOK
This timely volume addresses three important recent trends in the internationalization of United States equity markets: extensive market integration through foreign investment and links among stock prices around the world; increasing securitization as countries such as Japan come to rely more than ever before on markets in equities and bonds at the expense of banks; and the opening of national financial systems of newly industrializing countries to international financial flows and institutions, as governments remove capital controls and other barriers. Eight essays examine such issues as the current extent of international market integration, gains to U.S. investors through international diversification, home-country bias in investing, the role of time and location around the world in stock trading, and the behavior 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. See other books on: International finance | Investments & Securities | Investments, Foreign | Securities | Stock exchanges See other titles from University of Chicago Press |
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