bokomslag The Internationalization of Equity Markets
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The Internationalization of Equity Markets

Jeffrey A Frankel

Inbunden

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  • 426 sidor
  • 1995
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.
  • Författare: Jeffrey A Frankel
  • Format: Inbunden
  • ISBN: 9780226260013
  • Språk: Engelska
  • Antal sidor: 426
  • Utgivningsdatum: 1995-02-01
  • Förlag: University of Chicago Press