The Changing Environment of International Financial Markets: Issues and Analysis

Front Matter....Pages i-xiv
Front Matter....Pages 1-1
The Changing Environment of International Financial Markets: Introduction....Pages 3-22
Front Matter....Pages 23-23
Foreign Exchange Market Efficiency: A Look at London....Pages 25-34
Freedom of Free Floating Exchange Rate: Empirical Analysis of Currency Fluctuation Patterns....Pages 35-43
Front Matter....Pages 45-45
Statistical Analyses of Eurocurrency and Treasury Interest Rates from 1975 to 1991....Pages 47-55
A Cross-Country Comparison of Consumer Discount Rates....Pages 56-68
The Interest Rate Parity, Covered Interest Arbitrage and Speculation under Market Imperfection....Pages 69-79
Front Matter....Pages 81-81
An Empirical Test of the Demand for International Reserves....Pages 83-94
An Intertemporal Interpretation of the US Current Account Deficit....Pages 95-108
Balance-of-Payments Implications of the Break-Up of the USSR for Its Former Republics and the East European Countries....Pages 109-121
Front Matter....Pages 123-123
Foreign Exchange Dynamics, Debt and the ‘Peso Problem’....Pages 125-138
International Lending and Sovereign Debt in the Presence of Agency Costs: The Case of Mexico....Pages 139-146
A New Look at Country Risk Analysis: An Analytical Approach to Judgmental Risk Scoring....Pages 147-159
Political Risk in Latin American Stock Markets: A Rational Expectations Approach....Pages 160-185
Front Matter....Pages 187-187
A Real Return Test of International Capital Market Efficiency....Pages 189-200
Risk Management and Corporate Governance in Imperfect Capital Markets....Pages 201-230
Structural Changes in the Korean Financial Market....Pages 231-243
An Analysis of Equity Markets of Quotation Systems....Pages 244-260
Front Matter....Pages 261-261
Economic Integration and Mexican Municipal Finances....Pages 263-286
Optimum Distortions in Closed and Open Economies: Some Aspects of the Theory of Second Best....Pages 287-303
Socio-History of French Banks and Banking: Role Model for Global Banking....Pages 304-312
Front Matter....Pages 261-261
Offshore Banking Centres: Prospects and Issues....Pages 313-338
Back Matter....Pages 339-350