1st Edition

Foreign Exchange Issues, Capital Markets and International Banking in the 1990s (RLE Banking & Finance)

ISBN 9780415751759
Published March 7, 2014 by Routledge
294 Pages

USD $52.95

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Book Description

The need for continued analysis and evaluation of the international financial system is as pressing now as it was when this book was originally published. This volume provides an in-depth analysis of certain aspects of the international financial system. Specifically it addresses four of the most important financial and monetary issues of the present time: exchange rate, capital markets, international banking and external debt and international financial management.

Table of Contents

Preface. 1. Introduction. Dominick Salvatore and Khosrow Fatemi. Part 1: Foreign Exchange rules 2. Diversified Expectations and Speculation in the Foreign Exchange Market. Vincent Dropsy. 3. Pricing Options on a Constrained Currency Index: Some Simulation Results. Tom Berglund, Staffan, Ringbom and Laura Vajanne. 4. Exchange Rate Variations and U.S.Multinational Corporations’ Profits: The Case of the 1980s. Luc C Moens. 5. Real Exchange Rate and the Sectoral Composition of Output: Some Evidence from Japan Sadequl Islam. 6. Time-Varying Risk Premia and the Efficiency of the New Zealand Foreign Exchange Market Dimitri Margaritis and Phay Hoon Teo. 7. European Monetary Integration: Theoretical Issues and Practical Implementations. André Fourçans. Part 2: Capital Markets 8. Optimal Leverage of a Dynamically Competitive Firm Dilip K Ghosh. 9. Is Diversification in International Capital markets Beneficial? Issues, Evidence and Prospects. Krishnan Dandapani and Jerry Haar. 10. International Co-movements of Capital Markets: Evidence from Two Scandinavian Stock Markets. Teppo Martikainen, Ilkka Virtanen and Paavo Yli-Olli. 11. Defeased Debt in International Capital Markets: Benefits and Problems. Emiel W Owens and Ronald F Singer. 12. Deregulation of Financial Institutions: Lessons from the North American Experience with Savings and Loan Associations. William A Dowling and George C Philippatos. 13. The ‘Round-Tripping’ Effect of Debt-Equity Swaps M T Vaziri and Hossein Shalchi. 14. Emerging Capital Markets and Economic Development Edgar Ortiz. Part 3: International Financial Management 15. Conditional Heteroskedasticity in Stock Returns: International Evidence Albert Corhay and Alireza Tourani Rad. 16. Effects of Monetary Gains and Losses on the Univariate Time-Series Characteristics of CDA Earnings. Hossein Shalchi and M T Vaziri. 17. Survival Analysis of Business Failures Rafael Solis. 18. Stakeholder Objectives and Government Incentives in East European Joint Ventures. David C Bangert. Part 4: International Banking and External Debt 19. Export Earnings Indexed Debt: Risk-Reduction and Linking External Debt to Exports Per B Mokkelbost. 20. The International Finance Corporation and Banks: IFC Syndications of its LDC Investments. James C Baker. 21. Some Issues in External Debt, Domestic Policies and Economic Development M Raquibuz Zaman. 22 MIGA: A New Kid on the Block. James C Baker. Index.

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