The Internationalization of Equity Markets

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  • The Internationalization of Equity Markets Book Detail

  • Author : Jeffrey A. Frankel
  • Release Date : 2008-04-15
  • Publisher : University of Chicago Press
  • Genre : Business & Economics
  • Pages : 428
  • ISBN 13 : 0226260216
  • File Size : 90,90 MB

The Internationalization of Equity Markets by Jeffrey A. Frankel PDF Summary

Book Description: 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.

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The Internationalization of Equity Markets

The Internationalization of Equity Markets

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This timely volume addresses three important recent trends in the internationalization of United States equity markets: extensive market integration through for

The Internationalization of Equity Markets

The Internationalization of Equity Markets

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This introduction to a forthcoming NBER volume on 'The Internationalization of Equity Markets' argues that the existing finance literature has in some respects