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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

Real estate 'value' stocks and international diversification

Ellis, Craig; Wilson, Patrick J.; Zurbruegg, Ralf - University of Western Sydney; University of Technology, …; … - 2007

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

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

Quality of institutions and foreign direct investment

Mishra, Anil; Daly, Kevin James - University of Western Sydney; University of Western Sydney; … - 2006

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

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

Bank credit rating dynamics

Ford, Guy; Sundmacher, Maike - Macquarie University; University of Western Sydney; … - 2007

An increase in the credit rating on an organisation?s debt is generally perceived positively, as higher credit ratings are, in the main, associated with lower perceived volatility in the market value of the assets of the entity that has issued the debt. If banks price their assets to realise a...

Persistent link: https://www.econbiz.de/10009481958

Measuring efficiency and productivity in the Australian banking sector

Kourouche, Khaled - University of Western Sydney; College of Business; … - 2008

This study investigates the efficiency and productivity of a balanced panel of 10 Australian banks during the period 1995-2005. It begins with a preliminary analysis based on financial indicators (popularly referred to as financial ratios) covering aspects of profitability, operational...

Persistent link: https://www.econbiz.de/10009482028