Internationalization of Equity Markets
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banking
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business cycles
capital asset pricing model
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controls
country funds
covariances
diversification
economics
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equities
finance
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internationalization
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market integration
national financial systems
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portfolio management
price volatility
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returns
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securities
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Product details
- ISBN 9780226260013
- Weight: 737g
- Dimensions: 16 x 23mm
- Publication Date: 07 Feb 1995
- Publisher: The University of Chicago Press
- Publication City/Country: US
- Product Form: Hardback
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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.
