The rapid increase in international capital flows is one of the most significant developments in the global economy in recent decades. International portfolio diversification brings potential benefits to investors by offering investors the opportunity to insulate their portfolios from domestic...

This paper focuses on the dynamics of international financial integration for a set of 13 industrial countries including Australia over the period 1990 to 2003 by analysing data on the level and composition of foreign assets and liabilities. The objective of the study is to provide insights into...

i, 82 p. : ill.Honors project-Smith College, Northampton, Mass., 2009Includes bibiographical references (p. 47-50).

Typescript (photocopy).

The way a country manages its currency can affect its volume of trade, capital flows and income. A country, especially one with high degree of trade openness, needs to find the most suitable exchange rate arrangement to reduce the volatility of its currency value and output. This thesis examines...

Net private capital flows (Foreign Direct Investment (FDI), Portfolio Investment and private credit flows) to emerging market economies declined significantly after the 1997 Financial Crisis. In 2002, the world's net private capital flows to emerging markets declined to the lowest level in the...

Extensive real estate studies have demonstrated the linkages between direct property and capital assets particularly REITs by emphasising on the common movements in prices. However, the study of volatility spillover between these assets is relatively limited. This study aims to investigate the...

The potential for economic agents to minimize risk through diversification is central to the study of finance. This dissertation analyzes the ability to diversify risks in an international context by studying risk sharing opportunities on two dimensions, consumption growth and portfolio wealth....

Traditional time series or cross-sectional regression procedures yield mixed evidence on maintained hypotheses about the determinants of international equity returns. This paper re-examines how three theory-suggested factors affect equity returns and how the test results may differ between...

At the turn of the century, the role of culture in society is changing. One facet of this change is the relation between culture and finance. Globalisation has led to an increasing competition between financial centres worldwide and culture has become one determinant of competitiveness. But,...