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Cover of The Internationalization of equity markets

The Internationalization of equity markets

By Jeffrey A. Frankel

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Publish Date

1994

Publisher

University of Chicago Press

Language

eng

Pages

415

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.