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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
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
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
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
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
domestic assets with portfolios constructed from internationally held assets allowing for foreign exchange adjustments. When … the foreign exchange risk is actively managed, the outcomes from the analysis suggest that the gains from hedging are …
Persistent link: https://www.econbiz.de/10009481992
In this paper we study the effect of quality of institutions in the OECD and Asian host countries on outward foreign …
Persistent link: https://www.econbiz.de/10009482209
Net private capital flows (Foreign Direct Investment (FDI), Portfolio Investment and private credit flows) to emerging …
Persistent link: https://www.econbiz.de/10009482244