Studies In The Financial Markets Of The Pacific Basin

This eleventh volume in the series on research in international business and finance deals with studies in the financial markets of the Pacific Basin. Topics covered by the book include emerging Asian equity markets and the money markets of the area.

This first part of the eleventh volume in the series on research in international business and finance deals with studies in the financial markets of the Pacific Basin. Topics covered by the book include emerging Asian equity markets and the money markets of the area.

This eleventh volume in the series on research in international business and finance deals with studies in the financial markets of the Pacific Basin. Topics covered by the book include emerging Asian equity markets and the money markets of the area.

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.

Discusses a variety of topics in the fields of derivative market analysis, macroeconomic factors, initial public offering studies, foreign exchange topics, financial management concerns and capital asset pricing and market efficiency studies.

Hardbound. This volume of papers from the second Conference held in June 4-6, 1990, Bangkok, Thailand, consists of keynote addresses, competitive research award papers, invited and selected papers.

Discusses a variety of topics in the fields of derivative market analysis, macroeconomic factors, initial public offering studies, foreign exchange topics, financial management concerns and capital asset pricing and market efficiency studies.

Advances in Pacific Basin Business, Economics, and Finance is an annual publication designed to focus on interdisciplinary research in finance, economics, accounting and management among Pacific Rim countries. All articles published have been reviewed and recommended by at least two members of the editorial board.