Globalization of International Financial Markets

Globalization of International Financial Markets

Author: Hak-Min Kim

Publisher: Routledge

Published: 2019-07-05

Total Pages: 297

ISBN-13: 0429816022

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First published in 1999, this volume investigates the causes and consequences of globalization of international financial markets, including all types of private sector capital for 121 countries over the period 1980-1990. This includes portfolio investment, bank capital and FDI. Hak-Min Kim identifies pronounced patterns in short-term capital flows along with effective means of stimulating capital, including the provision of new financial instruments, advanced telecommunication networks, and improved country risk management. Kim suggests that collective international efforts from organizations are necessary to develop financial markets and improve global equity.


Book Synopsis Globalization of International Financial Markets by : Hak-Min Kim

Download or read book Globalization of International Financial Markets written by Hak-Min Kim and published by Routledge. This book was released on 2019-07-05 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1999, this volume investigates the causes and consequences of globalization of international financial markets, including all types of private sector capital for 121 countries over the period 1980-1990. This includes portfolio investment, bank capital and FDI. Hak-Min Kim identifies pronounced patterns in short-term capital flows along with effective means of stimulating capital, including the provision of new financial instruments, advanced telecommunication networks, and improved country risk management. Kim suggests that collective international efforts from organizations are necessary to develop financial markets and improve global equity.


International Financial Markets

International Financial Markets

Author: Leonardo Auernheimer

Publisher: University of Chicago Press

Published: 2010-04-15

Total Pages: 341

ISBN-13: 0226032159

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As the globalization of financial markets continues, we urgently need to understand the crises that have plagued these markets and the policies best suited to preventing such crises in the future. In this book, a prominent group of economists and policymakers blend conceptual analysis and policy discussion in seven well-integrated papers, analyzing the nature of capital flows, alternative exchange-rate regimes, and the roles of international financial institutions. After a guided tour by the editor and a historical exploration, some of the world's leading theorists and policy analysts examine the benefits and pitfalls of capital movements and controls. In the second portion, papers examine the recent experiences of Argentina and Mexico, with Charles Calomiris—whose proposals for a new world financial architecture have elicited wide attention—contributing a response. The volume concludes with a roundtable discussion of the report of the International Financial Institutions Advisory Commission, in which the chair of the commission, Allan H. Meltzer, both comments on the report and responds to questions about it. The material presented here will become a standard reference for analysts, policymakers, and the interested general public. Contributors: Leonardo Auernheimer, Matthew Bishop, Michael D. Bordo, Charles Calomiris, Guillermo A. Calvo, Augustin Carstens, Michael P. Dooley, Pablo E. Guidotti, T. Britton Harris, John P. Lipsky, Guillermo Ortiz Martinez, Allan H. Meltzer, Andrew Powell, Rene Stulz, Carl E. Walsh


Book Synopsis International Financial Markets by : Leonardo Auernheimer

Download or read book International Financial Markets written by Leonardo Auernheimer and published by University of Chicago Press. This book was released on 2010-04-15 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the globalization of financial markets continues, we urgently need to understand the crises that have plagued these markets and the policies best suited to preventing such crises in the future. In this book, a prominent group of economists and policymakers blend conceptual analysis and policy discussion in seven well-integrated papers, analyzing the nature of capital flows, alternative exchange-rate regimes, and the roles of international financial institutions. After a guided tour by the editor and a historical exploration, some of the world's leading theorists and policy analysts examine the benefits and pitfalls of capital movements and controls. In the second portion, papers examine the recent experiences of Argentina and Mexico, with Charles Calomiris—whose proposals for a new world financial architecture have elicited wide attention—contributing a response. The volume concludes with a roundtable discussion of the report of the International Financial Institutions Advisory Commission, in which the chair of the commission, Allan H. Meltzer, both comments on the report and responds to questions about it. The material presented here will become a standard reference for analysts, policymakers, and the interested general public. Contributors: Leonardo Auernheimer, Matthew Bishop, Michael D. Bordo, Charles Calomiris, Guillermo A. Calvo, Augustin Carstens, Michael P. Dooley, Pablo E. Guidotti, T. Britton Harris, John P. Lipsky, Guillermo Ortiz Martinez, Allan H. Meltzer, Andrew Powell, Rene Stulz, Carl E. Walsh


Globalization of Financial Markets and Implications for Pacific Basin Developing Countries

Globalization of Financial Markets and Implications for Pacific Basin Developing Countries

Author: Mr.David John Goldsbrough

Publisher: International Monetary Fund

Published: 1991-03-01

Total Pages: 28

ISBN-13: 1451978782

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This paper analyzes the consequences of the growing interdependence of world financial markets for Pacific developing countries. Section I discusses trends in financial integration in the Pacific and the underlying movements in saving and investment. Section II seeks to quantify the increased capital mobility, in terms of rate of return differentials and the degree of correlation between savings and investment rates across countries. Section III focuses on policy implications of increasing integration, including the effectiveness of macroeconomic policy instruments, the usefulness of the current account as a target of policy, and the dangers of excessive taxation of financial intermediation.


Book Synopsis Globalization of Financial Markets and Implications for Pacific Basin Developing Countries by : Mr.David John Goldsbrough

Download or read book Globalization of Financial Markets and Implications for Pacific Basin Developing Countries written by Mr.David John Goldsbrough and published by International Monetary Fund. This book was released on 1991-03-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the consequences of the growing interdependence of world financial markets for Pacific developing countries. Section I discusses trends in financial integration in the Pacific and the underlying movements in saving and investment. Section II seeks to quantify the increased capital mobility, in terms of rate of return differentials and the degree of correlation between savings and investment rates across countries. Section III focuses on policy implications of increasing integration, including the effectiveness of macroeconomic policy instruments, the usefulness of the current account as a target of policy, and the dangers of excessive taxation of financial intermediation.


Developing Countries and the Globalization of Financial Markets

Developing Countries and the Globalization of Financial Markets

Author: Mr.Malcolm D. Knight

Publisher: International Monetary Fund

Published: 1998-07-01

Total Pages: 32

ISBN-13: 1451852797

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This paper analyzes the impact of the globalization of financial markets on developing and transition economies. Differences between the responses of competitive and imperfectly competitive banking sectors cause them to affect economic activity differently. While nonbank financial markets and institutions can help to increase the competitiveness of banking sectors, there are “gaps” in the institutions and market structures of developing and transition economies. Eliminating these gaps may reinforce financial market discipline in these countries. Some current international initiatives are outlined for enhancing financial system soundness; these emphasize the complementary roles of market discipline and official oversight in an environment of globalized markets.


Book Synopsis Developing Countries and the Globalization of Financial Markets by : Mr.Malcolm D. Knight

Download or read book Developing Countries and the Globalization of Financial Markets written by Mr.Malcolm D. Knight and published by International Monetary Fund. This book was released on 1998-07-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the impact of the globalization of financial markets on developing and transition economies. Differences between the responses of competitive and imperfectly competitive banking sectors cause them to affect economic activity differently. While nonbank financial markets and institutions can help to increase the competitiveness of banking sectors, there are “gaps” in the institutions and market structures of developing and transition economies. Eliminating these gaps may reinforce financial market discipline in these countries. Some current international initiatives are outlined for enhancing financial system soundness; these emphasize the complementary roles of market discipline and official oversight in an environment of globalized markets.


Financial Globalization, Portfolio Diversification, and the Pattern of International Trade

Financial Globalization, Portfolio Diversification, and the Pattern of International Trade

Author: Miklós Koren

Publisher: International Monetary Fund

Published: 2003-12-01

Total Pages: 48

ISBN-13: 1451875614

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The paper provides a general-equilibrium model where incomplete international financial markets lead to insufficient industrial specialization and low international trade. As international portfolio diversification is limited and productivity is uncertain, investors wish to maintain a diversified industrial structure rather than specializing according to their comparative advantage. Financial globalization then induces more specialization and more trade. The present framework yields explicit closed-form solutions for the volume and the structure of trade. Empirical results support the implications of the theory. Trade in financially open countries is (i) higher, (ii) more dependent on productivity differences, and (iii) less sensitive to industry risks.


Book Synopsis Financial Globalization, Portfolio Diversification, and the Pattern of International Trade by : Miklós Koren

Download or read book Financial Globalization, Portfolio Diversification, and the Pattern of International Trade written by Miklós Koren and published by International Monetary Fund. This book was released on 2003-12-01 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper provides a general-equilibrium model where incomplete international financial markets lead to insufficient industrial specialization and low international trade. As international portfolio diversification is limited and productivity is uncertain, investors wish to maintain a diversified industrial structure rather than specializing according to their comparative advantage. Financial globalization then induces more specialization and more trade. The present framework yields explicit closed-form solutions for the volume and the structure of trade. Empirical results support the implications of the theory. Trade in financially open countries is (i) higher, (ii) more dependent on productivity differences, and (iii) less sensitive to industry risks.


The Impact of Globalization on International Finance and Accounting

The Impact of Globalization on International Finance and Accounting

Author: David Procházka

Publisher: Springer

Published: 2017-12-29

Total Pages: 484

ISBN-13: 331968762X

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This proceedings volume analyzes the impact of globalization on international financial flow as well as harmonized financial reporting. Featuring contributions presented at the 18th Annual Conference on Finance and Accounting held at the University of Economics in Prague, this book examines the economic consequences of the globalized world in the sphere of corporate and public finance, monetary systems, banking, financial reporting and management accounting. The global perspective is accompanied by local specific cases studies, including those from emerging markets. In addition, the combination of micro- and macroeconomic approaches provide insights on the behavior of all relevant stakeholders in the process and the results of dynamic pressures surrounding global capital markets and international investments. This book will serve as a useful resource for scholars and researchers, practitioners and policy makers in the fields of finance, economics and accounting.


Book Synopsis The Impact of Globalization on International Finance and Accounting by : David Procházka

Download or read book The Impact of Globalization on International Finance and Accounting written by David Procházka and published by Springer. This book was released on 2017-12-29 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: This proceedings volume analyzes the impact of globalization on international financial flow as well as harmonized financial reporting. Featuring contributions presented at the 18th Annual Conference on Finance and Accounting held at the University of Economics in Prague, this book examines the economic consequences of the globalized world in the sphere of corporate and public finance, monetary systems, banking, financial reporting and management accounting. The global perspective is accompanied by local specific cases studies, including those from emerging markets. In addition, the combination of micro- and macroeconomic approaches provide insights on the behavior of all relevant stakeholders in the process and the results of dynamic pressures surrounding global capital markets and international investments. This book will serve as a useful resource for scholars and researchers, practitioners and policy makers in the fields of finance, economics and accounting.


Financial Globalization and the Emerging Economies

Financial Globalization and the Emerging Economies

Author: United Nations. Economic Commission for Latin America and the Caribbean

Publisher: United Nations Publications

Published: 2000

Total Pages: 354

ISBN-13:

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Financial globalisation has been a dynamic element in recent years, with large capital flows to a number of emerging economies in Latin America and Asia often being followed by financial crises.


Book Synopsis Financial Globalization and the Emerging Economies by : United Nations. Economic Commission for Latin America and the Caribbean

Download or read book Financial Globalization and the Emerging Economies written by United Nations. Economic Commission for Latin America and the Caribbean and published by United Nations Publications. This book was released on 2000 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial globalisation has been a dynamic element in recent years, with large capital flows to a number of emerging economies in Latin America and Asia often being followed by financial crises.


New York's Financial Markets

New York's Financial Markets

Author: Thierry Noyelle

Publisher: Routledge

Published: 2019-04-09

Total Pages: 136

ISBN-13: 0429718756

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This book addresses some of the critical issues that New York would need to confront in the early 1990s. It contributes to the policy debates that must take place among industry representatives and local, state and federal officials if New York to retain its role as a leading world financial center.


Book Synopsis New York's Financial Markets by : Thierry Noyelle

Download or read book New York's Financial Markets written by Thierry Noyelle and published by Routledge. This book was released on 2019-04-09 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses some of the critical issues that New York would need to confront in the early 1990s. It contributes to the policy debates that must take place among industry representatives and local, state and federal officials if New York to retain its role as a leading world financial center.


Financial Globalization and Democracy in Emerging Markets

Financial Globalization and Democracy in Emerging Markets

Author: L. Armijo

Publisher: Springer

Published: 1999-01-13

Total Pages: 366

ISBN-13: 0333994892

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When Mexico's peso crisis occurred in December 1994, all of Latin America experienced the 'tequila effect'. In January 1998, after seven months of financial turmoil in East Asia, Alan Greenspan, the usually reticent Chairman of the US Federal Reserve Bank, noted that such 'vicious cycles...may, in fact, be a defining characteristic of the new high-tech international financial system'. This book examines the impact of the new, highly liquid portfolio capital flows on governments, opposition, politicians, business and the workforce in such emerging market countries as Mexico, Brazil, Russia, Indonesia, Vietnam, Thailand and Indonesia. Hailed as 'exemplary and innovative', 'fine-grained and accessible' and 'a must read', this collection of original essays in newly available in paperback.


Book Synopsis Financial Globalization and Democracy in Emerging Markets by : L. Armijo

Download or read book Financial Globalization and Democracy in Emerging Markets written by L. Armijo and published by Springer. This book was released on 1999-01-13 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: When Mexico's peso crisis occurred in December 1994, all of Latin America experienced the 'tequila effect'. In January 1998, after seven months of financial turmoil in East Asia, Alan Greenspan, the usually reticent Chairman of the US Federal Reserve Bank, noted that such 'vicious cycles...may, in fact, be a defining characteristic of the new high-tech international financial system'. This book examines the impact of the new, highly liquid portfolio capital flows on governments, opposition, politicians, business and the workforce in such emerging market countries as Mexico, Brazil, Russia, Indonesia, Vietnam, Thailand and Indonesia. Hailed as 'exemplary and innovative', 'fine-grained and accessible' and 'a must read', this collection of original essays in newly available in paperback.


The Regulation of International Financial Markets

The Regulation of International Financial Markets

Author: Rainer Grote

Publisher: Cambridge University Press

Published: 2006-02-16

Total Pages: 358

ISBN-13: 1139450344

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International financial relations have become increasingly important for the development of global and national economies. At present these relations are primarily governed by market forces, with little regulatory interference at the international level. In the light of numerous financial crises, this abstinence must be seriously questioned. Starting with an analysis of the regulatory problems at the international level, with only minimal powers entrusted to international organisations, this book develops various possibilities for reform. On the basis of an historical analysis, the book first adopts a comparative approach to national attempts to regulate international financial markets, then outlines the potential of relevant institutions and finally develops a policy perspective. It seeks to provide a framework for analysing options for the regulation of international financial markets from a public international law and comparative law perspective.


Book Synopsis The Regulation of International Financial Markets by : Rainer Grote

Download or read book The Regulation of International Financial Markets written by Rainer Grote and published by Cambridge University Press. This book was released on 2006-02-16 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: International financial relations have become increasingly important for the development of global and national economies. At present these relations are primarily governed by market forces, with little regulatory interference at the international level. In the light of numerous financial crises, this abstinence must be seriously questioned. Starting with an analysis of the regulatory problems at the international level, with only minimal powers entrusted to international organisations, this book develops various possibilities for reform. On the basis of an historical analysis, the book first adopts a comparative approach to national attempts to regulate international financial markets, then outlines the potential of relevant institutions and finally develops a policy perspective. It seeks to provide a framework for analysing options for the regulation of international financial markets from a public international law and comparative law perspective.