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A new set of measures on international financial integration

Vo, Xuan Vinh; Daly, Kevin James; Valentine, T. J.; … - University of Western Sydney; University of Western Sydney; … - 2005

This paper will attempt to provide a comprehensive review and introduce the concept of international financial integration. In addition, it provides a review on the available indicators used as proxies for international financial integration in empirical studies. It also proposes a more detailed...

Persistent link: https://www.econbiz.de/10009481937

Where do Australians invest?

Mishra, Anil; Daly, Kevin James - University of Western Sydney; University of Western Sydney; … - 2004

investment environment has been progressively liberalised beginning with the removal of foreign exchange controls in 1987, and … the movement to a floating exchange rate regime, other milestones included opening up the banking sector to foreign … comprehensive survey of the geographic structure of the foreign portfolios (equity and long-term bonds). The first publication …

Persistent link: https://www.econbiz.de/10009482029

Multi-country empirical investigation into international financial integration

Mishra, Anil; Daly, Kevin James; Daly, Kevin James; … - University of Western Sydney; University of Western Sydney; … - 2005

including Australia over the period 1990 to 2003 by analysing data on the level and composition of foreign assets and … portfolio equity. An analysis of the composition of countries holdings of foreign assets and liabilities is important in that a … of the growth in the scale of international balance sheets. In our analysis of rates of return on foreign assets and …

Persistent link: https://www.econbiz.de/10009482039

Determinants of international financial integration

Vo, Xuan Vinh; Daly, Kevin James; Valentine, T. J.; … - University of Western Sydney; University of Western Sydney; … - 2005

There has been an increase in the degree of international financial integration over the last two decades. Countries are trying to remove the restrictions on cross-border capital movement, deregulate the domestic financial markets and offer competitive investment environment to encourage...

Persistent link: https://www.econbiz.de/10009482107

Sovereign lending gone wrong : who bears the costs?

Schraner, Ingrid; Emerging Financial Markets and … - University of Western Sydney; University of Western Sydney; … - 2004

This exploratory issue paper begins with a statement by Joseph Stiglitz, Nobel Laureate in Economic Sciences, which outlines what a well-functioning global financial system would achieve, followed by his dry statement that the current global financial system does none of these things. The paper...

Persistent link: https://www.econbiz.de/10009482147

An exploratory study of the effect of market orientation on perceived ownership, location and internalization advantages and level of foreign direct investments by small and medium...

Frimpong, Anokye - University of Western Sydney; College of Law and Business; … - 2005

in Dunning?s (1980) ownership, location and internalization (OLI) advantages model of foreign direct investment (FDI) has … exploring three related issues. 1/. How does a SME?s market orientation influence its competitiveness in a foreign market? 2 … operations in its most important foreign market? 3/. How does a SMIE?s investment readiness [a proxy for financial capital …

Persistent link: https://www.econbiz.de/10009482167

The relationship between net private capital flows and economic growth in emerging Asian economies

Vo, Xuan Vinh; Daly, Kevin James - University of Western Sydney; University of Western Sydney; … - 2004

Net private capital flows (Foreign Direct Investment (FDI), Portfolio Investment and private credit flows) to emerging …

Persistent link: https://www.econbiz.de/10009482244

Operational risk measurement in banks : arbitrage, adjustments and alternatives

Sundmacher, Maike; Trayler, Rowan; Doherty, Peter; … - University of Western Sydney; University of Western Sydney; … - 2004

In June 2004 the Committee published a revised framework for the international convergence of capital measurement and capital standards, known as Basel II. The proposal includes a formal capital charge against operational risk in the business activities of banks. The calculation of an...

Persistent link: https://www.econbiz.de/10009482032

Achieving risk congruence in a banking firm

Ford, Guy - University of Western Sydney; College of Law and Business; … - 2005

One of the reasons for firms decentralising aspects of their operations is to enable managers to gain specialised knowledge of local conditions. For credit managers in a banking firm, this may take the form of knowledge of investment opportunities and the risk profiles of each of these...

Persistent link: https://www.econbiz.de/10009482097

Intergrating governance and risk-preference in banking insitutions

Ford, Guy; Sundmacher, Maike; Daly, Kevin James; … - Macquarie University; University of Western Sydney; … - 2005

All banks must hold capital equal to the minimum regulatory requirement. However, in many cases the level of regulatory capital diverges from the actual (economic) capital held by banks. A bank's actual capital is typically linked to a target credit rating, which is in turn determined by the...

Persistent link: https://www.econbiz.de/10009482211