Information Spillovers and Market Integration in International Finance

Information Spillovers and Market Integration in International Finance

Author: Suk-Joong Kim

Publisher: World Scientific Publishing Company

Published: 2017

Total Pages: 626

ISBN-13: 9789813223578

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The contents in this volume are based on the program Sets and Computations that was held at the Institute for Mathematical Sciences, National University of Singapore from 30 March until 30 April 2015. This special collection reports on important and recen


Product Market Integration

Product Market Integration

Author: Helena Maria Guimaraes

Publisher: Emerald Group Publishing

Published: 2010-08-18

Total Pages: 199

ISBN-13: 1849509867

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Addresses the issue of product market integration within the European Union (EU) from a multidisciplinary approach that ranges from economics to political science and sociology. This book assesses the functioning of the EU Internal Market and evaluates the need for differentiated integration in an enlarged and heterogeneous EU.


The Dynamics of Emerging Stock Markets

The Dynamics of Emerging Stock Markets

Author: Mohamed El Hedi Arouri

Publisher: Springer Science & Business Media

Published: 2009-12-24

Total Pages: 214

ISBN-13: 3790823899

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Emerging markets have received a particular attention of academic researchers and practitioners since they decided to open their domestic capital markets to foreign participants about three decades ago. At the same time, we remark that theoretical and empirical research in emerging stock markets has been particularly challenged by their fast changes in nature and size under the effects of financial liberalization and reforms. This evolving feature has particularly led to a commensurate increase in sophistication of modeling techniques used for understanding financial markets. In this spirit, the book aims at providing the audience a comprehensive understanding of emerging stock markets in various aspects using modern financial econometric methods. It addresses the empirical techniques needed by economic agents to analyze the dynamics of these markets and illustrates how they can be applied to the actual data. On the other hand, it presents and discusses new research findings and their implications.


Stock Market Integration

Stock Market Integration

Author: E. Dorodnykh

Publisher: Springer

Published: 2015-12-11

Total Pages: 156

ISBN-13: 1137381701

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This book provides an original approach to the determinants of stock exchange integration. With case studies of successful integration projects in Europe, North America, Latin America as well as intercontinental cross-border mergers, it provides a complete analysis of all existing integration projects between stock exchange markets.


Global Capital Markets

Global Capital Markets

Author: Maurice Obstfeld

Publisher: Cambridge University Press

Published: 2004-02-19

Total Pages: 382

ISBN-13: 9780521633178

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Financial Market Integration and Growth

Financial Market Integration and Growth

Author: Paul J.J. Welfens

Publisher: Springer Science & Business Media

Published: 2011-02-14

Total Pages: 411

ISBN-13: 3642162746

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Financial capital, whether mediated through the financial market or Foreign Direct Investment has been a key factor in European economic growth. This book examines the interaction between European and global financial integration and analyses the dynamics of the monetary sector and the real economy in Europe. The key analytical focus is on the theoretical and empirical dynamics of financial markets in Europe, however, it also provides regional case studies of key institutional developments and lessons from foreign direct investment. There is a broad range of findings for Central, Eastern and Western Europe as well as EU Partner Countries. Crucially the analysis includes new approaches and options for solving the transatlantic banking crisis and suggests policy innovations for a world with unstable financial markets.


Single Markets

Single Markets

Author: Michelle Egan

Publisher: OUP Oxford

Published: 2015-01-22

Total Pages: 300

ISBN-13: 0191045705

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This timely book provides in-depth analytical comparison of the nineteenth century evolution of the American single market with corresponding political, economic, and social developments in post-WWII European efforts to create a single European market. Building the regulatory framework needed for successful adoption of an integrated single market across diverse political units represents one of the most important issues in comparative political economy. What accounts for the political success or failure in creating integrated markets in their respective territories? When social discontent threatens market integration with populist backlash, what must be done to create political support and greater legitimacy? Single Markets focuses on the creation of integrated economies, in which the United States and European Union experienced sharply contested ideas about the operation of their respective markets, conflict over the allocation of institutional authority, and pressure from competing political, economic, and social forces over the role and consequences of increased competition. Drawing upon four case studies, the book highlights the contestation surrounding the US and EUs efforts to create common currencies, expand their borders and territories, and deal with the pressures of populist parties, regional interests and varied fiscal and economic challenges. Theoretically, the book draws on work in European integration and American Political Development (APD) to illustrate that the consolidation of markets in the US and EU took place in conjunction with the expansion of state regulatory power and pressure for democratic reform. Single Markets situates the consolidation of single markets in the US and EU in a broader comparative context that draws on research in economics, public administration, political science, law, and history.


The Dynamics of Asian Financial Integration

The Dynamics of Asian Financial Integration

Author: Michael Devereux

Publisher: Routledge

Published: 2011-05-03

Total Pages: 340

ISBN-13: 1136847618

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The ongoing global financial crisis has manifested a remarkable degree of global financial integration—and its implications—for emerging Asian financial markets. The current crisis will not and should not deter the progress that the region has made toward financial openness and integration. However, events like this clearly demonstrate that financial liberalization and integration is not without risks. Hence, emerging Asian economies' growing financial ties have motivated us to look closer at the repercussions of increased financial integration and evaluate the benefits of risk sharing and better access to international capital markets against the costs of cross-border financial contagion. The crisis also presents a timely opportunity for the region’s policy makers to rethink their strategies for financial deregulation and liberalization and to reconsider a next step to integrate emerging East Asia’s financial markets further. However, doing so requires deeper understanding of financial market integration. While much has been said in both academic and policy circles about financial globalization and regional financial integration as separate areas of study, existing research has been relatively silent on the dynamics between these two distinctive forces. The book addresses this gap in financial literature and assesses financial integration in emerging East Asia at both regional and global levels. The publication studies the factors driving the progress of regional financial integration in relation to financial globalization and identifies the relevant policy challenges facing emerging market economies in the region. Chapters look into three broad aspects of regional and global financial market integration: (i) measurement of regional and global financial integration, (ii) understanding dynamics of regional financial integration versus global financial integration, and (iii) welfare implications from regional financial market integration amid financial globalization. Against this context, academics, policy makers, and other readers will appreciate the rigorous research contribution provided by the book.